《大行報告》花旗下調百度(BIDU.US)目標價至178美元 下調2023至25年收入及非通用會計準則盈利預測
花旗發表研究報告指,百度(09888.HK)(BIDU.US)將於11月中下旬發布第三季財報,計及季節性因素及中小企業廣告投放復甦有所放緩,因此保守地將第三季百度核心廣告業務收入預測下調0.9%,即預期會按年增長4.7%至196億元人民幣,整體淨收入料按年增長5.3%至342.5億元人民幣,非通用會計準則下每股ADS利潤則達到15.4元人民幣。
該行預期,智慧交通解決方案延後所帶來的負面影響,可能會導致雲端業務收入增長較預期弱,相應將第三季雲收入預測下調至按年下跌3%,達到約43.9億元人民幣。
展望第四季,花旗憧憬較低的基數可能會為廣告和雲端收入帶來較強勁按年增幅,但仍保守地將廣告及雲端收入預測下調1.8%及4.2%,預期整體淨收入及非通用會計準則下每股ADS利潤將分別達到359.8億及16.31元人民幣,預期文心大模型4.0將會被更多企業採用,維持「買入」評級,美股目標價由182美元降至178美元。
花旗並將百度2023至2025年整體收入預測下調1%、1.6%及2.3%,非通用會計準則下淨利潤下調0.7%、1.8%及2.4%,以反映核心的廣告業務收入疲軟及雲端業務發展受阻,當中部分被來自愛奇藝(IQ.US)的貢獻所抵銷。
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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.