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瑞信:維持小米(1810.HK)優於大市評級 目標價27港元
格隆匯 12-30 15:56

小米12”、“小米12Pro”及“小米12X”,另外推出MIUI 13更新及小米Watch S1,新產品將於12月31日於中國開賣。管理層將於未來5年在研發方面投入1000億元人民幣,以追趕蘋果公司。該行維持其“優於大市”評級,目標價27港元。

瑞信相信,小米旨在多元化其客户板塊及提升高端客户的貢獻,雖然小米12系列對比小米11系列的硬件升級有限,但其MIUI、生態系統升級及用户體驗改善才是重點。該行相信,小米手機的滲透率將於2022年提升,預期小米明年全年出貨量可達2.26億部,按年升26%。該行又預期,小米將繼續聚焦於在第四季及明年上半年芯片短缺情況下,提升平均售價及毛利率,出貨量並在下半年更為進取。

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