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| HSI1 | 25,606.03 | +219.51 | 281.30B |
| HSCEI1 | 8,550.87 | +75.55 | 91.73B |
| Back Zoom + Zoom - Block Traded | |
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2026-05-20 12:53:34 JPMorgan released a research report re-evaluating the business structure of BIDU-SW (09888.HK). The report noted that the market had previously viewed Baidu as a "sinking search plus a Kunlunxin IPO catalyst", with expectations that capital would rotate from Baidu to Kunlunxin after the latter's listing. However, Baidu's 1Q26 results refuted this narrative. Core AI-powered Business recorded revenue of RMB13.6 billion, up 49% YoY, accounting for 52% of Baidu Core revenue for the first time. In contrast, Online Marketing Services shrank 22% YoY. Based on this, JPMorgan raised its TP for BIDU-SW (09888.HK) from HKD195 to HKD225, and lifted its TP for Baidu, Inc. (BIDU.US) from USD200 to USD230, while maintaining an Overweight rating. ~ AASTOCKS Financial News Website: www.aastocks.com | |