Baidu's Apollo Go Progress in Wuhan Drives Strong Buy Recommendation

Analyst Julia Pan of UOB Kay Hian maintained a Buy rating on Baidu, Inc. Class A (9888 – Research Report), with a price target of HK$126.00.

TipRanks05:25 ET

Market Chatter: Baidu CEO's Life Sciences Company Concludes Another Round of Financing

Life sciences and artificial intelligence company BioMap, founded by Baidu (HKG:9888) Chief Executive Officer Robin Li, concluded another round of financing, Yicai Global reported Thursday.The news

MT Newswires03:32 ET

[Brokerage Focus] Tianfeng Securities maintains a 'buy' rating on Baidu (09888), expecting the Wenshen ecological cloud business to empower new opportunities in the business.

Tianfeng Securities released research reports stating that Baidu Q1 2024 core revenue was 23.8 billion yuan, a YoY growth of 3.5%, of which online marketing revenue was 17.1 billion yuan, a YoY growth of 3%. The main reason for the unexpected performance was that the macroeconomic recovery was not as expected, and the visibility of advertising clients' improvements was limited. The bank expects online marketing revenue to remain basically stable in the next few quarters. The company announced its cooperation with Samsung and Honor smart phones and joined Oppo, Vivo, Xiaomi and other smart phone manufacturers, as well as Lenovo and Nio Inc in Q4 2023.

金吾財訊01:47 ET

[Brokerage Focus] Citic Sec points out the gradual turning point for L4 autonomous driving commercialization.

CITIC Securities stated that the commercialization of L4 autonomous driving is gradually turning the corner. Recently, high-level autonomous driving is facing intensive catalysis. On the policy side, the country and various regions are orderly promoting legislation and pilot work. Among them, the Beijing Municipal Economic and Information Bureau's "Beijing Autonomous Driving Car Regulations (Consultation Draft)" provides a relatively complete, clear, and predictable system specification for the operation of L3/L4 autonomous driving, which is expected to play a demonstration effect in the capital. In terms of the industry, Baidu's Luobo Kuaipao is being widely deployed in Wuhan, with plans to complete deployment of thousands of units within the year and is expected to achieve overall profitability by 2025; cost reductions and efficiency improvements.

金吾財訊Jul 11 03:27 ET

Special guest Ye Shangzhi: China's special consultant continues to retract, and Hong Kong stocks' support weakens.

On July 10th, the Hong Kong stock market rose and then fell back, and the intraday decline was not too large, but overall it still failed to get rid of the running mode of repeated downside. Please be aware of the tendency for further retracement in the short term market. The Hang Seng Index fell more than 50 points and closed below 17,500 points, the first time since April 25th. The market volume rose to more than 100 billion yuan, but still lower than the daily average of 109.7 billion yuan this year. The market liquidity has not yet improved. In terms of trend, the Hang Seng Index is still restricted by the micro-wave top below 18,133 points, and the development mode of one wave lower than one wave has not improved. The market is estimated to continue downward.

金吾財訊Jul 10 23:26 ET

[Special Guest V] Deng Shengxing: Weak Mainland data combined with the US not lowering interest rates at the end of the month, Hong Kong stocks lack rebound strength.

On Wednesday (10th), the Hang Seng Index closed at 17471, down 51 points or 0.29%. The trading volume of the whole market was 102.3 billion yuan. The national index fell 0.39% to close at 6251, also the fourth consecutive day of decline; the science index fell 0.01% to 3600. The PPI of mainland industrial producers is still weak, and the Hong Kong stock rebound is lackluster, rising over 200 points during the day before falling and closing, and continuing to decline for the fourth consecutive day, with a total decline of 556 points or 3.1%, falling below the 250-day bull and bear line.

金吾財訊Jul 10 21:34 ET