You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大摩:将小米集团(1810.HK)评级上调至超配 目标价升至31.5港元
格隆汇 04-14 12:55
格隆汇4月14日丨大摩昨日发研报指,小米集团(1810.HK)“AIoT+互联网”的发展潜力被低估,因市场只关注短期盈利表现,而非行业长期发展。2020年,智能手机为小米贡献了62%的营收,而人工智能物联网(AIoT)和互联网仅贡献了37%。大摩预计在2021-2030年,AIoT的增长将超过智能手机,成为公司主要的收入来源。该行还认为,AIoT与互联网的结合将有助于小米构建一个强大的生态系统并产生正面循环效应——小米可以通过其庞大的用户群来加速与合作伙伴的发展,而伴随合作伙伴的成功亦能吸引并留住更多的用户。 大摩采取与市场不同估值方法,对小米手机业务估值较低,对其AIoT及互联网服务估值较高,该行相信智能手机+AIoT+互联网将使小米的商业模式在长期更具竞争力和盈利能力。将小米的评级由持有上调至超配,目标价由24港元升至31.5港元,即预期市盈率为39x2021e和31x2022e,较4月9日的收盘价25.7港元有23%的潜在升幅。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account