BIDU-SW (09888.HK) -0.800 (-0.730%) Short selling $180.79M; Ratio 150.451% 's 4Q25 revenue aligned with expectations, while its earnings performance beat forecasts, thanks to cost control that boosted its gross margin, according to a Daiwa research report.Management revealed that the plan to spin off Kunlunxin is still progressing, which Daiwa believes will serve as a short-term catalyst for valuation. In the broker's estimate, the implied equity value of Kunlunxin per share is already equivalent to about half of BIDU-SW's latest market cap, which is likely to trigger a significant re-rating.Related News CLSA Expects at Least 5,000 Net Increase in Domestic Robotaxis This Year, Lowers TP for Pony.ai (PONY.US) and WeRide (WRDIF.US)Daiwa has reiterated a Buy rating on BIDU-SW and lifted its target price from HKD171 to HKD175.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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