大行评级|建银国际:上调小米目标价至69港元 上调2025至27年盈利预测

格隆汇
Aug 22

建银国际发表研报指,小米次季收入按年增长30%至1160亿元,符合预期,主要由物联网产品与电动车业务增长推动。期内,物联网销售额按年增长45%,主要受家电、平板计算机及穿戴装置的持续强劲表现推动。该行预计集团年内将持续提高市场份额,2025及26年物联网业务将分别增长32%及26%。电动车方面,次季交付量达8.13万辆,按季升7%;平均售价按季升6%至25.4万元,带动电动车业务收入达206亿元。该行预测2025及26年电动车交付量分别达40万及47万辆,管理层亦计划2027年扩展欧洲市场。该行上调2025、26及27年盈利预测,目标价由67港元上调至69港元,维持“跑赢大市”评级。

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