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《大行報告》摩通:小米(01810.HK)遭美列禁投資名單 關注未來零部件供應會否受影響
阿思達克 01-15 15:19
就小米(01810.HK)公布,注意到美國國防部(DoD)將公司列入相關實體清單,摩根大通發表報告,今次小米受美國制裁暫不涉及限制向小米供應任何組件,但是此可能阻止美國投資者投資小米、甚至可能觸發遭指數公司剔出成份股,料事情有機會或類似中芯(00981.HK)近兩個月情況,令小米短期股價受壓。

該行指,要留意美國國防部(DoD)與美國商務部(DoC)列入相關實體清單所帶來的不同影響,如果小米一旦遭美國商務部列入實體清單,料將帶來更大的風險,小米將面臨被美國供應商限制供應關鍵組件(如高通、Intel、Google Android,內存等),而中芯早前已被美國商務部列入相關實體清單,小米一旦發生此情況,料將遇上沽壓。

摩通認為,小米基本面正面,但美國制裁所帶來風險仍待觀察,估計公司未來數季旗下智能手機付運量將強勁,因受惠華為禁令,但今次美國國防部(DoD)將小米列入相關實體清單,將為小米帶來不確定因素,關注小米未來數周旗下部件供應會否受到影響。該行維持小米「增持」評級及目標價32元。

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