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2025-11-19 11:10:54 BIDU-SW (09888.HK)'s 3Q25 results were broadly in line with expectations, Goldman Sachs released a research report saying. Its cloud business demonstrated solid growth, helping offset the decline in advertising revenue as anticipated by the market. For the first time, the Company disclosed performance for its AI-related operations, emphasizing the achievements of its AI technology-empowered business. Goldman Sachs expected that the AI business span from cloud infrastructure, chips, AI applications and agents, to autonomous driving on full reflection of BIDU-SW's AI business capabilities across its ecosystem. Therefore, while its traditional search advertising business may remain under pressure in the coming quarters, the broker anticipated a recovery in revenue for 4Q25 and 2026, driven by the sustained rapid growth of its AI-empowered businesses. The Group's net profit margin is also projected to bottom out from 3Q25 level. Goldman Sachs kept rating at Buy, and added its target prices for BIDU-SW's H-shares/ US stock from $150/ US$154 to $151/ US$155. ~ AAStocks Financial News Website: www.aastocks.com | |