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《大行报告》大和首予百度(09888.HK)「买入」评级 目标价335元
阿思达克 06-03 11:57
大和发表研究报告,首予百度(09888.HK)「买入」评级,目标价335元,该行指百度是内地领先的搜寻引擎及人工智能公司,相信公司多年在人工智能及自动驾驶方面的投资将开始有成果,管理层亦透露了人工智能在2021至2023年的变现计划,主要用於内地智能交通项目,并将自动驾驶系统售予汽车生产商等,相信相关举措将令公司收入增长进一步加快,百度亦有望可重新定位为人工智能企业,料到2023年非营销业务将贡献收入的四成。以现时估值来看,该行认为市场未给予其人工智能业务价值,并只将公司当成营销企业。

大和认为百度云发展及人工智能业务快过预期,加上外部融资活动等将为百度带来重估机遇,其中人工智能项目将开始有财务贡献,而任何云业务或人工智能相关收入如在2021至2022年增长快过预期,相信均可令市场相信其人工智能业务值得分开估值。而今年的企业活动包括是人工智能变现相关的合作及外部融资等,料可更好反映其技术的市场价值。

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