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"Dah Sing" lowered baidu (09888.HK) target price to 102 yuan, adjusting down advertising and iqiyi revenue forecasts.
DBS released a report stating that due to the weak macro market and the upgrade of artificial intelligence search, it is expected that Baidu (09888.HK) will see a 1.5% decrease in network marketing revenue for the fiscal year 2024, and a 3% increase for the fiscal year 2025. The AI cloud business is the mid-term driver, with expected revenue for this segment to have a compound annual growth rate of 13% from fiscal years 2023 to 2026. DBS has lowered its adjusted profit forecasts for Baidu for the fiscal years 2024 to 2026 by 3%/8%/9%, to reflect assumptions of declining advertising and iQIYI revenue. Bullish on the prospects of artificial intelligence and cloud business, maintaining a 'buy' rating with the target price revised down from 138 yuan.
Express News | iqiyi will adjust the standard of duration tiers for sharing network movie revenue.
The U.S. stock market hit a new high again, with Chinese concept stocks and cryptos surging! Waiting quietly for the "crucial moment".
After the overnight Dow Jones Industrial Average and S&P 500 index hit new highs in intraday trading, the Japanese stocks also opened strongly.
U.S. stocks close: Fed rate cut enters countdown, S&P and Dow hit new intraday highs.
①China concept stocks rise across the board, NASDAQ China Golden Dragon Index rises by 1.83%; ②BlackRock and Microsoft plan to establish a $30 billion fund; ③Morgan Stanley negotiates with Apple, hoping to take over its credit card business; ④Musk's brain-machine company: "Blindsight" receives breakthrough medical device certification from the FDA.
Retail sales drive US stocks higher! The S&P 500 Index and the Dow Jones Industrial Average hit record highs intraday, and Chinese assets are surging across the board.
China's assets are exploding.
Asian Equities Traded in the US as American Depositary Receipts Slightly Lower in Tuesday Trading