《大行》中金:百度(09888.HK)云增长超预期 广告进一步承压

阿斯达克财经
22 May

中金发表研究报告指,百度(BIDU.US)  首季收入按年提升3%至325亿元人民币(下同),优于市场预期5%;核心收入按年提升7%至255亿元,优于市场预期10%;核心非通用准则经营利润大幅好于市场预期。

中金维持百度今年收入预测,考虑到广告收入有所承压,下调2026年收入预测2%至1,351亿元,考虑到低利润率云收入占比提升,下调2025和2026年非通用准则净利润预测9%和9%,至各216亿和237亿元。维持“跑赢行业”评级,考虑到净现金有所增长,该行维持美股和百度(09888.HK) 港股目标价99.1美元和96港元。(ad/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-05-21 16:25。) (美股为即时串流报价; OTC市场股票除外,资料延迟最少15分钟。)

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