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Baidu Newsroom
Express News | Baidu's self-driving radish delivery service is planning to start trial operation in the Hong Kong area, and the Transport Department said it will strictly monitor.
Baidu Stock Downgraded. Why AI Search Is a Big Worry. -- Barrons.com
Express News | Baidu's 'Carrot Run' under the umbrella is set to conduct the first phase of testing in Hong Kong before the end of the year.
Barclays Maintains Baidu(BIDU.US) With Hold Rating, Maintains Target Price $83
SIG Downgrades Baidu(BIDU.US) to Hold Rating, Cuts Target Price to $85
Express News | Susquehanna downgraded baidu group's ADR rating to neutral, with a target price of $85.
Express News | Baidu Inc : Barclays Cuts to Equal-Weight From Overweight; Cuts Target Price to $83 From $115
Nomura Trims Price Target on Baidu to $104 From $110, Keeps Buy Rating
Baidu to Start Trial Operations of Apollo Go Robotaxis in HK as Soon as Year-end, Report Says
Zephirin Upgrades Baidu to Buy From Hold; Price Target Is HK$90
Baidu's Advertising Business Recovery Tied to China's Outlook -- Market Talk
【Brokerage Focus】Guosen Securities maintains baidu Group (09888) "outperforming the market" rating, bullish on the potential driving effect of AI technology on the asia vets business.
Jinwu Financial News | Guosen Securities released a research report indicating that Baidu Group (09888) achieved total revenue of 33.5 billion yuan in Q3 2024, a year-on-year decline of 3%. Baidu's core revenue was 26.5 billion yuan, basically unchanged from the same period last year, while iqiyi's revenue was 7.2 billion yuan, down 10% year-on-year. In Q3 2024, Baidu Group achieved an adjusted net income of 5.9 billion yuan, down 19% year-on-year. The adjusted net income margin was 18%. Among them, Baidu’s core achieved an adjusted net income of 5.7 billion yuan, a decrease of 18% year-on-year, with an adjusted net income margin of 21%. The report stated that Baidu's core online marketing revenue was 18.8 billion yuan, same
Hong Kong stock concept tracking | Heavyweight large enterprises successively enter the AI glasses market, institutions bullish on the industry's heating up (with concept stocks)
Everbright: AI glasses are expected to usher in a breakthrough moment.
Express News | Huaxing Securities (Hong Kong) has downgraded the rating of Baidu Group ADR to hold, with a target price of 86 dollars.
Bocom intl lowers the target price for Baidu (09888.HK) to 105 yuan, noting the cashing process next year.
Bocom Intl released a report stating that Baidu (09888.HK) had third-quarter revenue of 33.6 billion yuan, a 3% year-on-year decrease, which was basically in line with the bank's and market's expectations. Adjusted net profit was 5.9 billion yuan, corresponding to a net profit margin of 18%, lower than the bank's and market's expected 5%, marketing and management expenses increased by 2% year-on-year, higher than the bank's expected 4%, due to channel expenditures and promotional expenses. The report indicated that Baidu's advertising revenue is expected to continue to be impacted by the transformation of AI search-generated results crowding out traditional search ad positions, and the positive boost of offline consumer policy may be reflected next year. Therefore, the advertising revenue for the fourth quarter is expected to be impacted.
"Big Bank" htsc lowered the target price of baidu (BIDU.US) to $119.8, with AI contributions continuously increasing.
HTSC research report pointed out that Baidu (BIDU.US) third-quarter total revenue of 33.6 billion yuan, a 2.6% year-on-year decrease, the growth rate basically meets expectations. Non-GAAP net profit was 5.9 billion yuan, corresponding to a non-GAAP net profit margin of 17.5%, a decrease of 3.6 percentage points year-on-year, lower than expected, mainly due to exchange losses. The bank recommends paying attention to the progress of Baidu's AI search commercialization transformation and the recovery pace of advertising business demand. The bank stated that Baidu's AI contribution continues to increase, but fundamental stability takes time, maintaining a "buy" rating on US stocks with a US stock target.
Baidu's core net profit in Q3 exceeded expectations, and a new version of the Wenxin large model is about to be released.
What did baidu do right?
Macquarie has lowered the target price of Baidu (09888.HK) by 32% to 83 yuan, as core advertising revenue faces headwinds.
Macquarie released a research report indicating that baidu (09888.HK)(BIDU.US) reported an adjusted net profit decline of 19% year-on-year for the third quarter, which was 7% lower than market expectations. Core advertising revenue decreased by 5% year-on-year to 18.8 billion yuan, with the decline expanding, reflecting that the business is facing headwinds. Accordingly, earnings per share forecasts for the next two years were lowered by 8% and 20%. Given the uncertain macro outlook and the lack of progress in commercialization, Macquarie currently predicts that baidu's adjusted net profit will decline by 4% year-on-year in 2025 and has reduced the target price from 122 yuan to 83 yuan, corresponding to a drop in the predicted pe from 8 times to 5.
Nomura downgraded baidu (BIDU.US) target price to 104 dollars. Non-GAAP net profit missed expectations.
Nomura released a research report indicating that baidu (BIDU.US) saw stable revenue growth in the third quarter of the 2024 fiscal year, which was 1% and 2% higher than market and the bank's expectations respectively; non-GAAP operating profit remained flat year-on-year, exceeding market predictions by 4%; non-GAAP net profit decreased by 19% year-on-year, which was worse than market and the bank's expectations of a decrease of 15% and 4% respectively; core online marketing revenue fell by 5% year-on-year, which was basically in line with market and the bank's expectations. The bank anticipates that baidu's cloud and advertising business trends will diverge in the fourth quarter, and the company is likely to continue incorporating more AI-generated content into its search results.
Baidu (09888.HK) has launched the Baidu Asia Vets Cloud (Hong Kong) AI Innovation Center in Hong Kong.
Baidu-SW (09888.HK)(BIDU.US) announced last Friday (22nd) that the Hong Kong AI popular science training base, established in cooperation with Hong Kong Qianfan Technology, has been set up in Cyberport. At the same time, the Baidu Intelligent Cloud (Hong Kong) AI Innovation Center has also been completed and put into operation. Shen Dou, executive vice president of Baidu Group and president of the Baidu Intelligent Cloud business group, expressed the hope to leverage Baidu's deep experience in the ai field, combined with Cyberport's unique positioning and rich cni resource index, to jointly create an ai technology ecosystem based in Hong Kong and radiating to the Asia Pacific region. The Chief Executive attended the inauguration ceremony.