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<Research>UOB Kay Hian Cuts BIDU-SW TP to HKD170, Maintains Buy
UOB Kay Hian issued a research report forecasting that BIDU-SW (09888.HK)'s total revenue for 1Q26 will shrink 2.9% YoY to RMB31.5 billion, of which AI-related businesses are e...
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<Research>UOB Kay Hian Cuts BIDU-SW TP to HKD170, Maintains Buy
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UOB Kay Hian issued a research report forecasting that BIDU-SW (09888.HK)  +0.900 (+0.747%)    Short selling $477.94M; Ratio 42.915%   's total revenue for 1Q26 will shrink 2.9% YoY to RMB31.5 billion, of which AI-related businesses are expected to contribute about 50% of total revenue.

The broker envisaged AI cloud infrastructure will become the company's key growth driver, offsetting the sustained weakness in its legacy search advertising.

Related News BOCI Maintains Baidu (BIDU.US) TP at USD172, Expects 1QYY Total Revenue to Fall 4% YoY
Owing to the increasing contribution from lower-margin AI-related businesses, the broker trimmed its net profit forecasts for BIDU-SW for 1Q26 and FY26 by 1% and 2%, respectively.

It cut the TP from HKD175 to HKD170 and maintained a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)

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