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<Research>BOCI: Baidu (BIDU.US) 4Q Profit Beats; TP USD172; Rating Buy Kept
Recommend 17 Positive 25 Negative 12 |
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BIDU-SW (09988.HK) reported a 4% YoY shrinkage in total revenue for 4Q25, with a 5% QoQ increment, aligning with market expectations, BOCI's research report said. Among which, the core A-enabled business revenue amounted to RMB11.3 billion, accounting for 43% of Baidu's core business revenue. Despite expenses exceeding expectations, both adjusted operating profit and adjusted net profit surpassed market expectations by 13%, primarily due to outperformed gross profit. Considering the company's ongoing shareholder return executions, the broker maintained Buy on Baidu (BIDU.US) US shares, with the latest target price set at USD172. AASTOCKS Financial News Website: www.aastocks.com |
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