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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.
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.
Daily Bull and Bear | Hang Seng Index night session closed at 19204 points, with a net inflow of 54 million Hong Kong dollars in good warehouses; Baidu fell more than 8%, hitting a new low for the year, with a warrant for over 230% increase.
As of last Friday's market close, the total market turnover was 157.9 billion HKD; the total turnover of all warrant bull and bear certificates was 14.9 billion HKD, accounting for 9.5% of the total market turnover, among which good positions accounted for 6.4% and bearish positions accounted for 3.1%.
Baidu Group - SW (09888.HK): Advertising demand under pressure. Proportion of generative AI in search advertising and cloud business continues to grow.
Overview: Total revenue slightly decreased compared to last year, with adjusted net income attributable to the parent reaching 5.9 billion yuan, and the adjusted net income margin stable. In Q3 2024, baidu group achieved a total revenue of 33.5 billion yuan, down 3% year-on-year. Baidu's core revenue is 265.
Weekend Reading | AI Search War: Where Have the Bullets Landed?
Will AI search become the most significant narrative of the generative AI era?
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
Mizuho Securities Maintains Baidu(BIDU.US) With Buy Rating, Cuts Target Price to $105
Fed's Bowman Says Regulators Shouldn't Rush to Contain AI
US stocks early trading | Some cryptos concept stocks rose, CleanSpark surged over 5%, MSTR rebounded nearly 4%; super micro computer rose over 12% again, accumulating over 80% in the past six trading days.
On the evening of the 22nd in peking time, all three major stock indexes are likely to record gains this week. The market continues to focus on signs of sector rotation from technology stocks to cyclical stocks.
Behind the Scenes of Baidu's Latest Options Trends