《大行報告》海通國際降百度(BIDU.US)目標價至121美元 復甦緩慢但持續
海通國際發表研究報告,預測百度(09888.HK)(BIDU.US)去年第四季核心收入將按年增長6.5%至273億元人民幣,較市場預期低1.6%;非通用會計準則下經營利潤預期按年增長1%至60億元人民幣,遜市場預期約2個百分點,經營利潤率料達22.2%。
海通推算,百度去年第四季總收入及淨利潤將分別按年增長6%及5%,達到351億及68億元人民幣,當中核心廣告業務正緩慢並持續地復甦,收入料按年增長6%至192億元人民幣。至於雲計算業務方面,相信仍可實現雙位數百分比增幅,料按年增長11%至56億元人民幣,全年有中十位數升幅。
該行預計,「文心一言」今年對集團發展將發揮作用,管理層透露去年第三季文心一言為核心廣告及雲計算營收貢獻分別約3%,憧憬今年產品將形成更清晰的商業模式並實現商業化發展,維持「跑贏大市」評級,美股目標價由129美元下調至121美元。
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