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<Research>Daiwa Reiterates Outperform on BIDU-SW; 2Q Core Rev. Expected to Leap 2.7% YoY
Recommend 5 Positive 9 Negative 5 |
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Daiwa has released a research report predicting BIDU-SW's (09888.HK) (BIDU.US) core online marketing revenue growth to slow down due to sluggish macroeconomic conditions and a delayed AI monetization timeline. Meanwhile, YY Live may increase the company's core non-advertising or cloud business revenue starting from 2Q25. Overall, the broker estimated BIDU-SW's 2Q25 revenue to rise by 1% YoY to RMB32.8 billion, along with a surge of 2.7% in its core revenue to RMB26.2 billion. Daiwa lowered its 2025-27 revenue forecasts for BIDU-SW by 3-6%. Its rating was reiterated as Outperform, with a target price of HKD93. AAStocks Financial News |
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