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《大行報告》大摩料百度(BIDU.US)第三季核心收入按年升4% 非通用會計準則核心經營溢利跌10%
阿思達克 10-19 10:16
大摩發表報告,預料百度(BIDU.US)第三季核心收入按年升4%,核心廣告收入按年升5%,稍低於該行預期的高單位增長,主要是季節性疲軟及中小型企業復甦較預期緩慢。該行預料,第四季廣告復甦較爲顯着,受惠雙11促銷活動及年底旅行需求增加。該行亦預料,百度第三季非通用會計準則(non-GAAP)核心經營溢利按年跌10%至60億元人民幣,non-GAAP營運利潤率則料按年跌3.5個百分點至22.8%。 該行指,百度早前發表生成式AI「文心一言」4.0版本(Ernie bot 4.0),並將旗下所有產品透過此係統進行改進。雖然現時晶片受限制,但認爲相比同業,百度所受到的影響較少,並視百度爲中國人工智能發展的先驅,並引領中國重點產業突破。 大摩表示,將百度在2023年至2024年核心收入預測下調2%至4%,non-GAAP營運利潤預測亦下調6%至11%,以反映短期逆風;並將其美股目標價由190美元下調至170美元,評級「增持」。
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