Performance forecasts for this week include baidu (09888), HKEX (00388), Kuaishou (01024) and other companies.
Jingu Finance News | Hong Kong stocks are still in the period of performance disclosure, and this week's releases include Baidu (09888), HKEx (00388), Kuaishou (01024) and other companies. Recently disclosed performance details are as follows: Meeting date Security abbreviation Code Purpose Period 08/19/2024 BAI XINAN-B 2185 Mid-term Performance/Dividend 6 months ended 06/30/24 08/19/2024 Bonny hldg 1906 Mid-term Performance/Dividend 6 months ended 06/30/24 08/19/2024 Tengshengbo Medicine-B 213
Baidu Group (09888) rose 3.07%. The AI native application 'Chengpian' is officially launched and supports writing super long articles.
Jingu financial news | Baidu Group (09888) rose sharply in early trading. At the time of publication, it rose 3.07% to HKD 83.95, with a turnover of 0.149 billion HKD. Baidu Wenku AI native APP "Chengpian" has now officially launched on major Android platforms. This product not only has intelligent network-wide search and AI today's hot spot functions, but also supports multi-picture one-key composition, long-article writing, and file understanding and summarization generation-based large model functions. In addition, this product also has dialogue ability. Users can freely communicate through text or voice inputs. In addition, according to the US Securities and Trade Commission released on Wednesday
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Northeast Securities: Robotaxi is ready to go.
It is expected that the Robotaxi industry will enter a period of high-speed development in the next five years, with a market space of 15.568 billion yuan in 2028. Therefore, the industry is bullish on core enterprises with comprehensive capabilities such as algorithms and operations.
Technology and real estate stocks led the gains, Hang Seng Index broke through the low-range mode.
By ATFX Hong Kong shares rose more than 300 points this morning and then slowed down. The National Bureau of Statistics announced that CPI in July rose 0.5% year-on-year, higher than market expectations. The mainland stock market stabilized this morning, bringing a boost to Hong Kong stocks. The Hang Seng Index rose 299 points or 1.8% to 17,191 points at midday; the National Index rose 115 points or 1.9% to 6,056 points; and the Hang Seng Tech Index rose 98 points or 2.9% to 3,465 points. Technology stocks rose more than 1.9% in the afternoon, with Semiconductor Manufacturing International Corporation (00981) leading the way, followed by Baidu (09888), Netease (09999), Weibo (09898), and Kuaishou (01).
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Abnormal observation | Baidu Group-SW is now up more than 4%, promoting innovation in large models with application landing, and there is hope for breakthrough growth at Luobo Kuai Pao.
Baidu Group-SW surged more than 4%, as of press time, it rose 4.45%, reporting HKD 84.5, with a turnover of 0.375 billion Hong Kong dollars.
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Brokerage Everbright Securities maintains a "buy" rating for Baidu Group (09888), expecting the positive effect of AI business on valuation to be reflected in the following quarters.
Everbright Securities issued a research report that Baidu Group's Apollo Go 24Q1 has operated in 10 cities and had a quarterly volume of 0.83 million. It has a good advantage of being the first mover. It is expected to achieve the UE balance target in Wuhan in 24Q2: 1) The fully-automated ratio is expected to approach 100%, significantly reducing labor costs; 2) It plans to deploy 1000 RT6 (costing 0.2046 million yuan) as soon as possible to effectively reduce operating costs. After achieving unit economic balance in Wuhan, increasing order volume and reducing vehicle operating costs are the core factors for successful replication in other areas. Baidu.
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The domestic Robotaxi is gradually forming a dual competition pattern between internet-related companies and travel service companies.
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Brokerage Focus: Guosheng Securities maintains a buy rating on baidu (09888), pointing out that AI will have limited contribution to cloud business in the short term and will be the core growth point in the long term.
According to Guosheng Securities, Baidu Group (09888) achieved a quarterly revenue of 31.5 billion yuan in 2024Q1, an increase of 1% year-on-year. In Baidu's core business, online marketing advertising revenue is about 17 billion yuan, a year-on-year increase of 3%, with a slower growth rate. Intelligent cloud and other business revenue was 6.8 billion yuan, a year-on-year increase of 6%. The bank determined that the downstream enterprise's tightening of IT spending affected the demand for cloud. The company's non-GAAP net income attributable to its mother was 7.01 billion yuan this quarter, with a non-GAAP net income attributable to its mother rate of about 22%. The bank pointed out that the short-term benefit of cloud business from AI is still limited, but the incremental AI is certain.
The online car-hailing regulatory information exchange system received a total of 0.971 billion orders in June, an increase of 2.9% compared to the previous month.
According to the statistics of the online car-hailing regulation information exchange system, as of June 30, 2024, there are a total of 354 online car-hailing platform companies that have obtained online car-hailing platform operation licenses nationwide, an increase of 3 compared with the previous period.
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