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《大行報告》摩通料百度(09888.HK)上季經調整淨利潤73億人幣勝預期 下調今年兩明每股盈測
摩根大通發表報告,預期百度(09888.HK)上季總收入按年升6%至349億元人民幣,核心調整營運利潤按年升12%至61億元人民幣,同時預計上季經調整淨利潤73億元人民幣,勝於預期。 該行表示,由於宏觀環境疲軟,加上互聯網營運商的成本優化,料短期內消費情緒及廣告商需求的改善均有限。該行預料,上季網路廣告業收入表現平淡。 該行將百度去年核心經調整後營運利潤預測下調3%,因增加用於人工智慧產品的行銷支出,以及對人工智慧基礎設施的投資。該行維持其今年核心調整後營運利潤率達25%,因相信高毛利的人工智慧產品變現可推動利潤上升,同時將今明兩年每股盈測分別下調2%及3%。該行維持其目標價為210元,評級「增持」。(ca/k) ~
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