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《大行》大和料百度(09888.HK)次季核心收入按年增2.7% 重申「跑贏大市」評級
阿思達克 07-18 10:11
大和發表研究報告指,由於宏觀經濟疲弱和AI業務盈利時間延遲,預計百度-SW(09888.HK)(BIDU.US)的核心線上營銷收入增長將會放緩。另外,YY Live或將自第二季起提升百度核心非廣告或雲業務收入。整體而言,該行預料百度次季收入按年升1%至328億元人民幣,當中百度核心收入增2.7%至262億元人民幣。 該行預期,百度第二季的廣告業務持續受壓,料廣告收入將按年下跌15.5%。而雲端收入的增長勢頭則料將持續,預計第二季及第三季將分別按年增長25%及23%。然而,將第四季的增長預測下調至17%,以反映對以項目為基礎的企業雲端收入不太樂觀。該行又下調集團2025至2027年的收入預測3至6%,重申「跑贏大市」評級及目標價93元。
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