小米集团-W(01810)盘中续跌1.71% 小摩指折叠机出货量有待观察且汽车短期催化不足

金吾财讯
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金吾财讯 | 小米集团-W(01810)盘中股价持续下挫,截至发稿,最新报26.46港元,下跌1.71%,成交额9.96亿港元。截至上一个交易日收盘,该股已连续两日收跌。消息面上,摩根大通日前发布研报称,小米正式推出澎程系列四款增程式电动SUV,定价约21万至30万元人民币,低于此前公布的预售价,相信为正面惊喜,同时亦反映中国电动车市场竞争激烈。首批锁单逾1万辆(4分钟),逊于YU7表现(2分钟12.2万辆),但优于SU7改版(34分钟1.5万辆)。摩通表示,澎程系列后续订单及销售走势、以及现有车型人气能否维持,将是市场关注重点。该公司亦发布三款自研芯片,其中玄戒O3SoC性能超越苹果A19Pro,已用于最新推出的折叠手机及平板电脑。董事长雷军在发布会上重申2021至2030年自研芯片研发投入共500亿元人民币,今年再增75亿元人民币,2021至2026年研发总额达210亿元人民币。摩通指,首款中折叠手机小米18Fold定价约1.1万至1.5万元人民币,创集团最高纪录,预期今年下半年手机平均售价按年升幅仍有上行空间,惟折叠机市场竞争激烈,出货量仍需观察。该行维持小米“中性”评级及目标价32港元,认为澎程系列将于今年第四季放量,每月电动汽车出货量或回升至4万至5万辆,惟短期催化剂仍不足,记忆体价格趋稳及海外电动汽车业务扩张等推动每股盈利的情况仍有待观察。

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