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《大行報告》花旗下調百度(BIDU.US)目標價至166美元 評級「買入」
阿思達克 11-23 11:36
花旗發表評級報告指,百度(BIDU.US)第三季表現穩定,總收入按年增2%至325億元人民幣,非通用會計準則純利按年增16%至59億元人民幣,主要是公司核心收入表現較佳,按年增2%至252億元人民幣。該行表示,即使核心廣告收入按年跌4%,部分被非廣告收入增25%抵銷,以致上述表現稍勝於該行預期。 展望未來,該行表示,內地疫情反覆或爲廣告預算帶來壓力,以及延遲雲項目完成進度,管理層對於政府防疫措施持審慎樂觀態度,並監於對中小企業的廣告預算有較高關注,料搜索廣告收入或受惠於內地放寬防疫,並連同雲收入增長具更高質量,加上智能駕駛解決方案獲認可,料公司增長軌道保持不變。 該行表示,調整公司今年、明年及2024年的各年收入預測爲降0.1%、降2.3%及降2.2%,同時非通用會計準則純利則升8.1%、升1.3%及降0.2%,並料今年第四季收入按年增2%至265億元人民幣、經調整後營運利潤則達62億元人民幣。該行其目標價由169美元下調至166美元,維持其評級爲「買入」。
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