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| HSI1 | 24,498.95 | -18.81 | 236.41B |
| HSCEI1 | 8,853.10 | -8.29 | 74.68B |
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2025-07-17 11:08:30 Jefferies released a research report predicting that BIDU-SW (09888.HK)(BIDU.US)'s 2Q25 core revenue will decline by approx. 3% YoY to around RMB26 billion. Core online marketing revenue is expected to drop by 16% YoY, while cloud revenue is projected to grow by 25% driven by AI demand. Core non-GAAP operating profit is expected to reach RMB4 billion, below the market consensus of RMB4.9 billion. Regarding BIDU-SW's collaboration agreement with UBER (UBER.US), Jefferies believed that the partnership confirms BIDU-SW's leading position in autonomous driving technology, and kept rating at Buy. The broker chopped its target prices for BIDU-SW's US stock/ H-shares from US$120/ $116 to US$110/ $107. ~ AASTOCKS Financial News Website: www.aastocks.com | |