《大行報告》野村下調小米(01810.HK)評級至「中性」 料風險與回報比率已降低
野村發表報告表示,下調對小米集團(01810.HK)投資評級,由原來「買入」降至「中性」,維持對其目標價23元,認為其風險與回報比率已降低。
該行指,基於預期對華為受到美國制裁情況不太可能進一步惡化,相信華為事件對小米集團的敏感度影響會減少。該行注意到小米股價已經經歷了三個不同的階段,第一個階段為2018年下半至2019年上半首次公開發售上市以來,公司面臨中國智能手機市場份額的損失。
野村稱,第二階段是小米被納入中港市場互聯互通計劃的股票;第三是小米可能成為科技股的領跑者,因為該行認為市場對華為和半導體行業調整的擔憂,將使其成為自2020年中期以來最具防禦性的股票;然而,該行認為小米最近受華為問題推動的股價上漲,相信市場或屬過度憧憬。
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