Alphabet (GOOG, GOOGL) 02 (Aug 17 - Dec 25)

[winston]

Alphabet Inc. - Resilient growth, Cloud profitability

1Q23 results were within expectations.

1Q23 revenue/PATMI were at 23%/21% of our FY23e forecasts. Adj. PATMI (excl. one-off restructuring charges) was at 24%.

Earnings were hurt by a one-off US$2.6bn restructuring charge.

Revenue growth of 3% was led by travel and retail advertising.

Cloud turned the corner on profitability, even amidst slowing topline growth. Cautious outlook for the remainder of FY23e given the uncertain macroeconomic backdrop.

We maintain BUY with an unchanged DCF target price of US$131.00, with a WACC of 7.3% and terminal growth of 3.5%.

Source: Phillips

https://www.poems.com.sg/stock-research/GOOGL/

[winston]

One Major Concern Remains on the Table Despite Strong Earnings From Alphabet

by REBECCA MEZISTRANO

When you think about the real crux of the story for Alphabet long term, it really is kind of the concern about that search business. And you didn't get any answers to that here as far as the Q1 results are concerned.

Source: The Street

https://www.thestreet.com/video/alphabe ... 2BAlphabet

[behappyalways]

ChatGPT stock selection is more accurate! New AI features broke out at Google Conference

ChatGPT選股更精準! 谷歌大會 AI新功能爆發｜方念華｜FOCUS全球新聞 20230511@tvbsfocus

https://m.youtube.com/watch?v=bsP-5CatX3M

[behappyalways]

'Secretly Stealing Everything': Google Hit With Lawsuit Over New AI Data-Scraping Privacy Policy
https://www.zerohedge.com/technology/se ... acy-policy

[winston]

not vested

Alphabet (GOOGL) Stock Looks Read for a Surge

by Tara Young

Source: Trades Of The Day

https://tradesoftheday.com/2023/07/14/a ... r-a-surge/

[winston]

not vested

Alphabet profit beats expectations, CFO Porat to assume new role

Source: Business Times

https://www.businesstimes.com.sg/compan ... e-new-role

[winston]

not vested

Alphabet shares rose about 7% in extended trading on Tuesday after the company reported better-than-expected revenue and profit, driven by growth in its cloud-computing unit.

2Q23 revenue US$74.6bn (7% YoY) vs estimates of US$72.8bn, while earnings came in at US$1.44 vs estimates of US$1.34.

Google Ads remained resilient through macro headwinds with a 3% YoY growth, while Google Cloud saw another quarter of strong 25+% YoY growth, with profitability continuing for a 2nd straight quarter.

Source: Phillips

[behappyalways]

Alphabet Soars After-Hours Following Top- & Bottom-Line Beat
https://www.zerohedge.com/markets/alpha ... -line-beat


GOOGL cloud operating income positive
https://twitter.com/zerohedge/status/16 ... 6502926337

[winston]

not vested

Waymo backs away from self-driving trucks

Alphabet’s Waymo has decided to focus on the ride-hailing potential of its under-development autonomous Driver system, and will consequently “push back the timeline” on its self-driving-truck efforts.

It’s going to keep working with Daimler on that strand, but The Verge reports that layoffs are involved and the future of Waymo’s trucking program is now in doubt.

Source: Fortune

[winston]

not vested

Alphabet Inc. – Showing signs of recovery
Recommendation : BUY (Maintained); TP: US$144.00, Last Close: US$129.40

2Q23 results were within expectations.

1H23 revenue/PATMI were at 47%/46% of our FY23e forecasts.

Earnings growth re-accelerated to 15% YoY after 5 quarters of decline.

Advertising looks to have bottomed, Ad revenue expanded 3% YoY – first time after 2 consecutive quarters of declines, driven by stronger retail trends.

Cloud still showing healthy growth of 28% YoY with ramp in both seats and average revenue per seat.

Extensive customer interest in AI-related products like Bard/Duet AI.

We raise our FY23e PATMI by 4%, and our FY24e revenue/PATMI by 3%/9% on greater AI-driven efficiencies and a quicker-than-anticipated recovery in advertising.

We maintain BUY with a raised DCF target price of US$144.00 (prev. US$131.00), with a WACC of 7.3% and terminal growth of 3.5%.

Source: Phillips

https://www.poems.com.sg/stock-research/GOOGL/