《大行報告》美銀證券:百度-SW(09888.HK)季度盈利勝預期 上調盈測
美銀證券發表評級報告指,百度-SW(09888.HK)第三季核心收入按年升5%至266億元人民幣,符合預期,核心廣告收入按年升5%,雲收入則按年跌2%,核心調整後營運利潤67億元人民幣,勝於預期。
該行指,將百度核心收入增長預測下調至按年增長9%,廣告收入則下調至按年升8%、惟將雲收入上調至按年升12%。該行表示,維持第四季核心調整後營運利潤率達21.4%,按年持平;管理層預料,明年廣告收入增長超出GDP增長,重申人工智能成本影響屬可控,會將非核心業務的資源重新分配至人工智慧相關業務。
該行指,將百度明年核心調整後營運利潤率預測上調至23.5%,並上調在2024年至25年盈測,維持其目標價為200美元,其評級為「買入」。(ca/cy)
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