《大行報告》大摩下調小米(01810.HK)目標價至14元 降比亞迪電子(00285.HK)評級至「與大市同步」
摩根士丹利發表研究報告,將全球Android智能手機出貨量預測削減5%至10.93億部,指出近期中國封城措施可能會拖累需求,並進一步延遲復甦時間表,而歐洲地緣政治緊張局勢亦可能導致需求疲軟。
該行表示,IDC最新數據顯示,首季中國智能手機出貨量按年下降14%,略好過預期(該行料跌17%),基於封鎖措施,因此將第二至第四季中國市場出貨量預測下調6%至20%;並將東歐和中歐的出貨量預測下調約15%。
大摩表示,比起小米(01810.HK)更看好傳音(688036.SH),指出傳音在歐洲及中國的業務風險較低,在中國沒有業務,在歐洲的業務亦佔去年銷量不足5%,對比小米歐洲業務貢獻達到22%。該行將小米目標價由27元下調至14元,評級維持「增持」。
同時,大摩將比亞迪電子(00285.HK)的評級下調至「與大市同步」,考慮到首季盈利表現遜預期,將全年盈利預測下調至20億元人民幣,預計次季仍將疲弱,短期內或限制股價表現,目標價由38元降至17元。
此外,該行又將中興(00763.HK)目標價從29元下調至23元,維持「增持」評級。
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