[Brokerage Focus] Guoyuan International: Continuous implementation of policies improves business efficiency with AI technology. The internet plus-related industry still has investment value overall.

Jingu Caixun | Guoyuan International Research pointed out that overall, due to the current stage of China's economy and consumption in the recovery phase, some Internet companies may face the risk of slowing performance growth or falling short of expectations as the mid-term disclosure period approaches. However, in the face of the tactical return of overseas funds, Hong Kong shares have already seen a significant repair in valuation multiples. Although the improvement of the fundamentals of Internet companies under macroeconomic pressure is limited, the current industry still has investment value due to the widespread buybacks and relatively low valuations of Internet companies, as well as the continuous implementation of policies and the gradual transformation of business with AI technology to improve efficiency. In addition, with the summer box office season,

金吾財訊Jul 18 00:23 ET

[Brokerage Focus] Bocom Intl maintains a buy rating for Baidu (09888), as short-term pressure is expected for advertising in the second quarter, and core revenue is expected to remain flat year-on-year.

Bocom Intl released a research report stating that it is expected that in the second quarter of 2024, Baidu's core revenue will remain flat, with core revenue of 26.4 billion yuan (RMB, same below), a decrease of 3% from the previous. Mainly due to short-term pressure on advertising; adjusted net income is 6.69 billion yuan, corresponding to a profit margin of 25%, compared with VisibleAlpha's expected revenue growth rate of 0.9% and operating profit of 6.5 billion yuan. Baidu's (including iqiyi) revenue is expected to be 34.3 billion yuan, an increase of 0.9% YoY, and adjusted net income is 6.8 billion yuan, corresponding to a profit margin of 19.8%. The bank expects advertising revenue to decline by 3% YoY to 1.

金吾財訊Jul 17 20:34 ET

Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).

CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.

Zhitong FinanceJul 17 19:45 ET

Baidu Group-SW (09888.HK) plans to hold a board of directors meeting on August 21 to approve the financial results for the second quarter and the interim period.

On July 17th, Gelonghui announced that the board of directors of Baidu Group-SW (09888.HK) will hold a board meeting on August 21, 2024 (Wednesday) to approve the unaudited performance and announcement for the second quarter and mid-term financial results ending on June 30, 2024 ("2024 Second Quarter and Mid-term Financial Results Announcement"). The company will upload the 2024 Second Quarter and Mid-term Financial Results Announcement to the HKEx website and company website after the HKEx trading hours and before the US market opens on August 22, 2024 (Thursday) (Beijing/Hong Kong Time).

Gelonghui FinanceJul 17 05:07 ET

DATE OF BOARD MEETING

Hong Kong Stock ExchangeJul 17 05:04 ET · Announcements

Goldman Sachs "slapped in the face" JPMorgan: Profitable by 2025!

Goldman Sachs predicts that Luerbang Kuai Pao will achieve a balance of profits and losses in Wuhan in the next 2-3 quarters and will be profitable by 2025. In contrast, JPMorgan previously predicted that self-driving taxi services may still contribute little to Baidu's overall profits in the next 12 months.

wallstreetcnJul 17 03:51 ET