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《大行報告》大和首予百度(09888.HK)「買入」評級 目標價335元
阿思達克 06-03 11:57
大和發表研究報告,首予百度(09888.HK)「買入」評級,目標價335元,該行指百度是內地領先的搜尋引擎及人工智能公司,相信公司多年在人工智能及自動駕駛方面的投資將開始有成果,管理層亦透露了人工智能在2021至2023年的變現計劃,主要用於內地智能交通項目,並將自動駕駛系統售予汽車生產商等,相信相關舉措將令公司收入增長進一步加快,百度亦有望可重新定位為人工智能企業,料到2023年非營銷業務將貢獻收入的四成。以現時估值來看,該行認為市場未給予其人工智能業務價值,並只將公司當成營銷企業。

大和認為百度雲發展及人工智能業務快過預期,加上外部融資活動等將為百度帶來重估機遇,其中人工智能項目將開始有財務貢獻,而任何雲業務或人工智能相關收入如在2021至2022年增長快過預期,相信均可令市場相信其人工智能業務值得分開估值。而今年的企業活動包括是人工智能變現相關的合作及外部融資等,料可更好反映其技術的市場價值。

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