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《大行報告》瑞信上調百度(09888.HK)目標價至174元 評級「跑贏大市」
瑞信發表報告指,百度(09888.HK)首季核心收入按年升8%至230億元人民幣,勝於預期,其中核心廣告收入則按年升6%,而調整後核心營運利潤率為23%,主要是廣告業務組合較高,以及雲業務調整後營運利潤達致收支平衡。 該行預料,百度次季核心廣告收入按年升13%至190億元人民幣,料2023年則按年升10%,同時亦將全年核心營運利潤率預測由20%上調至23%。 瑞信表示,將百度今年調整後每股盈測上調20%,反映較明朗的廣告復甦前景,同時將其目標價由171元上調至174元,維持「跑贏大市」評級。
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