Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Daiwa Cuts BIDU-SW (09888.HK) TP to HKD92, Expects 2H Ad Rev. Miss
Recommend 5 Positive 7 Negative 4 |
||||
|
||||
|
Daiwa released a report on BIDU-SW (09888.HK), which beat market expectations by 9% in its core operating profit for 2Q25. Online marketing revenue sank 15% YoY, while non-online marketing revenue grew by 34% YoY to RMB10 billion, thanks to the AI cloud business. Apollo Go recently established strategic partnerships with Uber and Lyft, extending its autonomous taxi business presence in Asia, the Middle East, and Europe. Due to the possibility of Baidu's ad revenue falling short of expectations in 2H25, the broker axed its EPS forecast for 2025-26 by 1-3%. It maintained an Outperform rating, with the target price slightly reduced from HKD93 to HKD92. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
