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<Research>CICC Lifts BIDU-SW's TP to HKD196; Value Reassessment Underway
Recommend 1 Positive 8 Negative 1 |
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On January 6, 2026, BIDU-SW (09888.HK) announced that its autonomous driving platform, Apollo Go, had officially received a fully driverless testing permit from the Dubai Roads and Transport Authority, marking the first and currently the only platform approved to conduct fully driverless tests in the city, CICC wrote in its report. The broker expects Apollo Go to expand its driverless fleet in Dubai to over 1,000 vehicles. CICC has kept BIDU-SW's Outperform rating unchanged. With the basis switched to financial data for 2026 based on the SOTP valuation method, it has raised its target price for BIDU-SW by 7% to HKD196, corresponding to a 21x non-GAAP P/E ratio for 2026-27. AAStocks Financial News |
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