《大行報告》小米(01810.HK)投資評級及目標價(表)
小米(01810.HK)將於下周二(22日)公布去年業績,雖然受到芯片供應緊絀令銷量疲軟及同業榮耀的競爭,但小米藉推出高端產品令產品平均售價上升。本網綜合10間券商預測,小米2021年非國際財務報告準則經調整淨利潤料介乎207.99億至217.96億元人民幣,較2020年經調整淨利潤130.06億人民幣,按年上升59.9%至67.6%;中位數216.77億元人民幣,按年增加66.7%。
綜合12間券商預測,小米2021年純利料介乎180.46億至239.89億元人民幣,較2020年度純利203.56億元人民幣,按年下跌11.3%至上升17.8%;中位數211.61億元人民幣,按年增加4%。投資者關注行業競爭加劇對毛利率的影響,聚集小米管理層對未來業務及智能手機毛利率的指引,並關注芯片供應何時才可回復正常以及歐洲市場變化等影響。
下表列出20間券商對其投資評級及目標價:
券商│投資評級│目標價(港元)
花旗│買入│32元
光大証券│買入│32元
華泰証券│買入│30元
中信建投│買入│30元
中金│跑贏行業│29元
銀河聯昌│增持│27.38元
摩根士丹利│增持│27元
海通國際│優於大市│25元
申萬宏源│買入│24.79元
瑞信│跑贏大市│24.2元
中銀國際│買入│24元
星展│買入│23.7元
里昂│買入│23.5元
大華繼顯│買入│21.8元
建銀國際│跑贏大市│20.6元
摩根大通│增持│28元->20元
大和│跑贏大市│18元
麥格理│中性│16.81元
美銀證券│跑輸大市│15.3元
匯豐環球研究│持有│14.9元
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