[Brokerage Focus] Orient Securities maintains a "buy" rating on Baidu Group (09888) and points out that core advertising in Q3 continues to face pressures.

Jinwu Financial News | Orient Securities released a research report indicating that Baidu Group (09888) published its Q3 2024 financial report, with total revenue of 33.56 billion (year-on-year -2.6%), which basically meets Bloomberg's expectations; adjusted net income of 5.89 billion yuan (year-on-year -19%), and non-GAAP margin of 17.54%. The report stated that core advertising continues to face pressure, while Asia Vets power non-marketing business with better-than-expected growth: in Q3 2024, Baidu achieved revenue of 33.56 billion (year-on-year -2.6%), with core revenue of 26.5 billion (year-on-year -0.2%, slightly better than Bloomberg's year-on-year -0.

Golden Guard Financial News02:34 ET

[Special Contributing Author] Option Jack: alibaba's bottom is emerging.

Jinwu Financial News | On Monday (November 25), as there is hope for a ceasefire agreement in the Middle East, oil prices and gold futures dropped immediately after the market opened, while futures for the three major U.S. stock indexes surged. Trump's nomination of hedge fund manager Scott Bessent for the position of Secretary of the Treasury is believed to ease China-U.S. trade negotiations. The Hang Seng Index night futures rose; in the early trading of the U.S. market, the Dow Jones rose over 500 points, reaching a new historical high of 44815 points. The S&P 500 had previously risen by 0.9%, and the Nasdaq 100 (NDX) opened with an increase of over 200 points, but later fell as NVDA and TSLA experienced a top reversal.

Golden Bailiff Financial News23:09 ET

Baidu's Advertising Revenue Faces Challenges in Near Term -- Market Talk

WSJ22:21 ET

HK Stocks unusual movement | baidu Group-SW (09888) rose more than 4%, its subsidiary Luobo Kuai Pao plans to conduct trial operation in Hong Kong area.

Baidu Group - SW (09888) rose more than 4%, as of the deadline, up 4.05%, to HK$81, with a turnover of 0.335 billion Hong Kong dollars.

Zhitong Finance21:02 ET

Baidu Group (09888) rose by 4.75%, its subsidiary "Luobo Kuai Pao" is planning to test operations in the Hong Kong area.

Jingu Finance News | Baidu Group (09888) stock price rose, as of the time of publication, up by 4.75%, at 81.55 Hong Kong dollars, with a turnover of 0.277 billion Hong Kong dollars. In terms of news, Baidu's self-driving online car-hailing platform "Luobo Kuaipao" plans to start trial operation in the Hong Kong area, with the first phase of testing expected to take place at the airport by the end of this year. The Hong Kong Transport Department has confirmed that Baidu submitted an application for autonomous driving test pilot license and autonomous vehicle certificate last month, which is still under review. The department will strictly review and promote the testing of autonomous vehicles in Hong Kong in an orderly and safe manner. According to documents from the Hong Kong Islands District Council, the first phase of testing will commence before the end of the year, starting with

Jinwu Financial News20:47 ET

【Morning Post from the Bay Area】Baidu Luobo Express is planning to trial operation in the Hong Kong region; Guangzhou will issue 0.1 billion yuan government dining consumer vouchers.

1. Market News 1. Baidu's self-driving online car-hailing platform 'Luobokuai Pao' is planning to start trial operation in the Hong Kong region. It is expected to conduct the first phase of testing at the airport by the end of this year. The Hong Kong Transport Department confirmed that Baidu submitted an application for automated driving test authorization and vehicle certificates last month, which is still under review. The department will strictly control and promote the testing of autonomous vehicles in Hong Kong in an orderly and safe manner. According to documents from the Hong Kong Islands District Council, the first phase of testing will start before the end of the year, initially during non-peak hours, with a local driver with over ten years of driving experience on board as a backup operator. 2

Golden Guard Financial News19:30 ET