《大行報告》野村料百度(BIDU.US)非通用會計準則淨利潤按年升15%至46.95億人民幣
野村發表研究報告指,百度(BIDU.US)首季業績可能會勝於市場預期。集團的核心收入或按年升7%,較市場預期高3%。按業務線劃分,其核心廣告收入或按年增長5%,高於2022年第四季度的下降6%;雲業務服務收入或增6%,略高於對上一個季度的增長4%;非通用會計準則核心營業利潤率小幅上調1個百分點至18%;非通用會計準則淨利潤按年升15%至46.95億人民幣。由於投資於計算能力以支持AI相關計劃的增長,該行預計,百度核心的營業利潤率在未來幾個季度將面臨壓力。
該行預計,集團第二季核心收入按年增長12%,這是由於廣告增長10%和雲業務收入增12%。雖然預期廣告和雲業務將加快增長,部分原因是低基數效應,但相信下行風險仍然在下半年存在,因為企業/政府客戶似乎對營銷支出和IT相關的資本支出持謹慎態度。該行維持集團「中性」評級,目標價141美元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.