《大行報告》瑞信下調小米(01810.HK)目標價至16.3元 評級「跑贏大市」
瑞信發表報告,下調小米(01810.HK)目標價由22.5元至16.3元,評級「跑贏大市」,並將2022年至2024年每股盈利預測降低17%。
瑞信發表報告,預計小米首季業績可能會差過預期,收入或按年跌9%至700億元人民幣,較預期低12%。而毛利率或按年跌0.9個百分點至17.5%,與預期持平。由於銷售量下降、費用增加和非經營性收入減少,經調整純利可能按年下降54%至28億元人民幣,低於預期。
該行將小米2022財年至2024財年的智能手機出貨量預測分別由2.07億、2.28億、2.41億降至1.8億、1.98億、2.08億,以反映內地疫情影響,以及地緣政治緊張、通脹或外匯貶值對海外智能手機需求影響。該行料首季或已見底,下半年表現將好過上半年。
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