国泰君安:料小米(1810.HK)今年将获更多市场份额 吁收集
美国政府将9间中国企业列入涉嫌与中国军方有关联企业的黑名单,其中包括小米(1810.HK)。不过,小米今日午间发公告指,集团确认并非中国军方拥有、控制或关联方,亦非美国NDAA法律下定义的中国军方公司。
国泰君安证券发表报告表示,有关事件短期内令小米股价波动,但不会对公司的基本面造成重大影响,因此维持其“收集”投资评级,目标价35.5港元。
报告指,公司去年第三季度在中国的表现优于市场,主要由于主流产品布局、品牌声誉驱动力和线下渠道扩展方面的良好表现。小米在印度的生产能力已恢复到疫情前水平近85%,从而帮助其满足印度市场的强劲需求。在欧洲,小米继续从华为那边获取份额,并首次成为西欧的第三大品牌。
国泰君安又预计,到2021年,小米仍能获得更多市场份额,此外,通过继续实施双品牌战略,能够在低端和中端智能手机市场保持强大的势力,同时扩大在高端智能手机市场的份额,预计公司智能手机出货量在2021年仍将快速增长。该行又认为,小米IoT和生活消费产品业务将稳步增长,随着用户基数的扩大,料互联网业务可稳步发展。

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