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<Research>Haitong Int'l Reduces BIDU-SW's TP to USD111; Rating Kept Outperform
Haitong International has released a report revising down BIDU-SW (09888.HK)'s 2025 adjusted non-GAAP net profit from its core businesses to RMB24 billion. With the forecasted ...
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<Research>Haitong Int'l Reduces BIDU-SW's TP to USD111; Rating Kept Outperform
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Haitong International has released a report revising down BIDU-SW (09888.HK)  +1.700 (+2.058%)    Short selling $32.26M; Ratio 9.388%   's 2025 adjusted non-GAAP net profit from its core businesses to RMB24 billion. With the forecasted P/E ratio for FY25 remaining at 12 times, the broker cut its target price for the company from USD124 to USD111, with an Outperform rating remaining in place.

According to the report, BIDU-SW's revenue grew by 3% YoY to RMB32.5 billion, beating market consensus by 5%, while its adjusted net profit reached RMB6.5 billion (with a GPM of 19.8%), 27% higher than expected.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-29 12:25.)

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