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<Research>Macquarie Keeps Rating at Outperform for BIDU-SW (09888.HK), Cuts 2025/ 2026 Earnings Forecasts
Recommend 3 Positive 8 Negative 5 |
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BIDU-SW (09888.HK) disclosed its AI-empowered business performance for the first time, with increased revenue transparency in 3Q25, according to Macquarie's research report. The Group revealed that revenue from new AI businesses surged by over 50% YoY to approx. RMB10 billion, driven mainly by the newly categorized AI cloud infrastructure, AI applications, and AI-native marketing services. Macquarie lowered its 2025/ 2026 adjusted EPS forecasts for BIDU-SW by 19%/ 10% each, and trimmed its target prices for BIDU-SW's H-shares/ US stock from $164/ US$169 to $160/ US$164, with rating kept at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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