《大行报告》瑞银上调小米(01810.HK)今明年两年智能手机付运预测 料上季纯利33亿人币
瑞银发表报告,上调对小米集团(01810.HK)今年第三季智能手机付运预测,由原来3,800万部升至4,300万部、调高公司今明两年智能手机预测由原来各1.32亿部及1.6亿部,上调至各1.39亿及1.65亿部,考虑了小米旗下拉美业务增长,就公司将於下周二(24日)公布今年第三季业绩,料小米上季收入及列帐纯利预测各为760亿及33亿人民币,对比市场预测各690亿及33亿人民币。
该行下调小米2020至2022年每股盈测介乎4%至5%。瑞银维持对小米「中性」评级及目标价23元,此相当预测未来一年市盈率27倍。
据瑞银证据实验室的调查结果,该行得出三个结论。在中国消费者中,小米的排名正在提升为「理想/高端品牌」,并排名第二位,仅次於华为。而将小米视为「我坚守的品牌」的中国消费者比例,从2020年3月的25%上升最新至37%(历史最高)。
最後,将小米视为「物有所值」品牌的受访者急剧下降,该行认为上述观察结果可能是小米针对中高端机型,积极的5G产品组合过渡而采取的「高端化」战略的结果,并且在较小程度上暗示该公司可能会从华为的情况中受益。
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