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US-Listed Chinese Stocks Earnings Are Coming; Options Market Sentiment Turns Bullish
Market Chatter: Baidu to Release AI-Powered Glasses in November
[Brokerage Focus] Soochow Securities maintains a "buy" rating on Baidu Group (09888), indicating that the business will still be affected by internal business AI transformation in the short term.
Jingu Financial News | Soochow Securities issued a research report, forecasting that Baidu Group (09888) will have a revenue of 33.4 billion yuan in Q3 2024, a 3% year-on-year decline; with Baidu's core revenue at 26.3 billion yuan, a 1% year-on-year decline. The company is expected to achieve an adjusted operating profit of 6.6 billion yuan, with Baidu's core adjusted operating profit at 6.3 billion yuan, and an adjusted operating profit margin of 24%. The company is forecasted to achieve an adjusted net income of 6.2 billion yuan. The firm predicts that in Q3 2024, Baidu's core revenue will be 26.3 billion yuan, down 1% year-on-year, with advertising revenue expected to drop nearly 5% due to macroeconomic factors, although clients in the education, e-commerce, and other industries are
Shares of Chinese Stocks Are Trading Lower Despite a Chinese Stimulus Measure. Chinese Stocks Have Been on Watch Following the US Election as Investors Assess the Potential Impact of President-elect Trump's Policies.
Express News | Shares of Chinese Stocks Are Trading Lower Despite a Chinese Stimulus Measure. Chinese Stocks Have Been on Watch Following the US Election as Investors Assess the Potential Impact of President-elect Trump's Policies
China Fiscal Policy Announcement Seems Underwhelming
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