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《大行報告》富瑞下調百度-SW(09888.HK)目標價至205元 料第三季核心收入按年升4.6%
富瑞發表研究報告指,考慮到百度-SW(09888.HK)電子商務表現疲軟、線上廣告基數較高及人工智慧雲端表現疲弱等因素,維持目前非通用會計準則營運利潤預測,預計以兩年複合增長率計算,下半年線上廣告增長將較上半年快,第四季雲端收入增長將優於第三季。 該行預期,百度第三季核心收入將按年增約4.6%至264億元人民幣。按細分市場劃分,預計百度核心線上行銷收入按年增約5%。該行考慮到運輸業的收入較預期低,料百度智能雲收入按年跌3%至約44億元人民幣。該行維持集團「買入」評級,目標價由209元下調至205元。
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