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《大行報告》富瑞下調百度-SW(09888.HK)目標價至204元 評級「買入」
富瑞發表報告表示,考慮及內地於去年12月重新開放後的最新業務趨勢,認為百度(09888.HK)核心業務的影響短暫,預期集團今年首季搜尋、信息流廣告以及AI Cloud的按年收入增長,將較上季有所恢復。 該行預期,百度去年第四季的核心收入按年下跌約4%,至249億元人民幣,其中線上市場推廣收入料按年跌9%,AI Cloud收入則按年升2%。至於非通用會計準則(non-GAAP)的核心經營利潤率最新估計為19%,低於早前的21%。 富瑞下調百度目標價,由210元降至204元,評級維持「買入」。
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