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Baidu's Robotaxi Business Could Stand Out From Competition, Jefferies Says -- Market Talk
Soochow Securities maintains a "buy" rating on Baidu Group (09888), and expects the advertising business to continue to be under pressure, lowering its revenue and net income forecasts.
Jingu Caixun | Soochow Securities issued a research report stating that Baidu Group (09888) will release the sixth generation of self-driving cars, called the 'Carrot Run', in Apollo Day 2024, achieving 10 times the safety of human drivers and coverage of complex urban scenes.
China International Capital Corporation: The long-term development of the Robotaxi industry relies on the positive feedback loop formed by technology, commercialization, and policy.
Before a positive cycle is formed, Robotaxi companies may undertake a period of losses. China International Capital Corporation believes that financial strength, closed-loop data, integration of hardware and software, and technological innovation are key competitive factors for Robotaxi companies at present.
The central bank unexpectedly lowered the policy interest rate, stimulating the Hong Kong stock market to stop falling from its low point.
Last week, the Hang Seng Index fell a total of 875 points or 4.8%, reaching the lowest level in nearly three months since April 26; the Hang Seng Tech Index plummeted by 6.5%, dragging down the entire market. However, China's 1-year and 5-year LPRs were lowered by 10 basis points in July, driving a rebound in Hong Kong stocks today, climbing 181 points in the morning. The Hang Seng Index rose 142 points or 0.9% to 17,560 points in the half-day period; the National Index rose 61 points or 1% to 6,226 points; and the Hang Seng Tech Index rose 59 points or 1.7% to 3,596 points. The total turnover of the market in the half-day period was HKD 53.671 billion, and the net inflow of Shanghai and Shenzhen-Hong Kong stocks in the southbound trading was 2.
GTJA: Robotaxi accelerates fast, and Asia Vets driving intelligence continues to advance.
Recommended symbols for intelligent driving acceleration or cooperation, as well as components symbols with high configuration rates for advanced intelligent driving.
Brokerage focuses on Baidu Group (09888) and gives it a first-time "recommendation" rating, stating that Wenxin Big Model and ZhiJia will create a new growth curve.
Jingu finance news | Fangzheng Securities' research point out that the recent volatility in Baidu Group's stock price due to short-term fluctuations brought by Robin Li's resignation. If Tesla releases its self-driving ride-hailing service, Robotaxi in October, and it drives the industry to accelerate industrialization, the value of Baidu's intelligent driving business may be re-evaluated. Currently, due to the high costs of hardware, software, and safety personnel, the operation cost of Robotaxi is higher than that of online car-hailing and taxi services. However, with optimized supply chain and economies of scale, according to Frost & Sullivan data, the operating cost of Robotaxi can be reduced to
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