《大行報告》大和下調百度-SW(09888.HK)目標價至163元 下調2023至25年收入及盈利預測
大和發表報告指,由於電子商務和特許經營等領域的廣告支出收緊,預計百度-SW(09888.HK)核心營銷業務在第三季至第四季的復甦將放緩。
報告指,由於智能交通項目的減少,百度的雲業務可能會錄得一次性按季下跌,但個人和企業雲業務在人工智能驅動下的強勁增長將部分抵銷下跌影響。另外,該行參加了10月17日在北京舉行的百度世界 大會2023,公司發布了全新的文心一言4.0,可與GPT 4.0媲美,同時還發布了6項全新的人工智能原生服務。
大和指,由於市場營銷和政府雲需求復甦緩慢,將2023至2025財年收入預測下調2%至3%,盈利預測下調3%至7%。重申「買入」評級,但將目標價由183元下調至163元。
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