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大和:百度(9888.HK)首季盈利胜预期 上调目标价至210港元

大和发表研究报吿指,百度(9888.HK)首季盈利胜预期,较市场预期超出逾一倍,主要由于更好的成本控制措施令百度核心业务及爱奇艺表现胜预期。该行重申其“买入”评级,目标价由203港元上调至210港元。

该行指,AI云收入按年升45%至39亿元人民币;自动驾驶业务方面,继比亚迪后,其获得东风(0489.HK)的订单,认为百度正获得汽车制造行业的认知,将可提升其在自动驾驶领域的竞争力。

该行将其2022年收入预测下调1%,但上调每股盈利预期24%,以反映更好的成本控制措施。

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