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一文綜合大行於百度(09888.HK)公布首季績後最新目標價及觀點
百度集團-SW(09888.HK)公布首季業績後,今早股價抽上,盤中曾高見134.3元一度彈上16.1%。星展發表報告表示重申對百度「買入」評級及目標價207元,指公司首季非公認會計準則計算純利按年倒退10%至39億元人民幣優於市場預期,主要是成本控制所帶動,並對雲業務及自動駕駛業務看法樂觀。花旗估計百度旗下愛奇藝(IQ.US)轉錄盈利(首季轉盈1.7億人幣)早於預期。 百度昨收市後公布,截至2022年3月31日止首季未經審計業績,收入錄284.11億元人民幣,按年升1%。淨虧損為8.85億元人民幣,去年同期純利為256.53億元人民幣。每股美國存託股稀釋虧損2.87元人民幣。按非公認會計準則計算,純利按年倒退10%至38.79億元人民幣,每股美國存託股攤薄收益為11.22元人民幣。另外,於3月百度App的月活躍用戶量按年增長13%,達到6.32億,日登錄用戶數達到83%。 百度董事長兼首席執行官李彥宏表示,與吉利集團合組的智能汽車品牌集度汽車,預計將於下半年起開始接受訂單,並於2023年起交付。 【季績勝預期 股價彈一成】 摩根大通發表業績報告表示,百度2022年第一季度業績勝預期,經調整純利優於該行及市場原預期95%及119%,主要是營業費用低鶉預期,百度核心及愛奇藝(IQ.US)毛利率均優於預期,關注未來幾個季度利潤率可持續性以及其核心廣告收入前景。該行予其「中性」評級,目標價125港元。 野村指,百度首季非公認會計準則計算每股盈利按年倒退9%至11.22元人民幣,優於市場原預期5.17元人民幣,主要是營運毛利率優預期,指受惠成本控制。 ------------------------------------- 下表列出券商予百度-SW(09888.HK)評級及目標價: 券商│投資評級│目標價 星展│買入│207港元 摩根大通│中性│125港元 ------------------------------------- 下表列出券商予百度(BIDU.US)評級及目標價: 券商│投資評級│目標價 花旗│買入│221美元 星展│買入│212美元 瑞銀│買入│210美元 野村│中性│139美元 摩根大通│中性│120美元 ------------------------------------- 券商│觀點 星展│由於成本控制優於市場預期,雲和人工智能業務保持彈性帶動收入增長 摩根大通│關注未來幾個季度利潤率可持續性以及其核心廣告收入前景 花旗│首季收入及盈利均勝預期 瑞銀│首季廣告收入和盈利能力均勝預期 野村│成本控制得宜帶動收入增長勝預期
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