Is it wrong to drive safely?
Baidu’s thousands of self-driving taxis competed for market in Wuhan and were complained of driving too slowly
安全駕駛有錯? 百度千輛無人計程車武漢搶市 被投訴開太慢｜TVBS新聞
https://m.youtube.com/watch?v=jfN2z35ifeM
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Baidu (BIDU), HK 9888; 02 (Nov 22 - Dec 26)
Re: Baidu (BIDU); HK 9888
by winston » Wed Jul 17, 2024 10:19 am
vested
<Research>Nomura Lowers Baidu (BIDU.US) TP to US$130; More Proactive Return of Capital Needed
Baidu (BIDU.US)'s advertising business is predicted to remain weak in 2Q24, with the group's core advertising revenue expected to decline 3% YoY to RMB19 billion.
Revenue from the group's cloud business may rise 14% YoY to RMB5.1 billion, up from 12% YoY growth in 1Q.
The broker said Baidu needs to be more proactive in its return on capital.
With rising cash reserves and a declining valuation, the broker maintained its Buy rating but lowered its US target price to US$130 from US$144.
Related News: TF Securities: BIDU-SW ST Rev. May be Pressed by AI Upgrade, Rating Kept Buy
Nomura assessed that Baidu is trying to market its AI-enabled solutions to enterprise customers, but China's AI industry as a whole lacks attractive commercial applications to motivate companies to use them.
As a result, some Chinese AI companies have had to resort to price wars to make sales.
The broker expected Baidu's core revenue to be flat YoY at RMB26.4 billion in 2Q.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>Nomura Lowers Baidu (BIDU.US) TP to US$130; More Proactive Return of Capital Needed
Baidu (BIDU.US)'s advertising business is predicted to remain weak in 2Q24, with the group's core advertising revenue expected to decline 3% YoY to RMB19 billion.
Revenue from the group's cloud business may rise 14% YoY to RMB5.1 billion, up from 12% YoY growth in 1Q.
The broker said Baidu needs to be more proactive in its return on capital.
With rising cash reserves and a declining valuation, the broker maintained its Buy rating but lowered its US target price to US$130 from US$144.
Related News: TF Securities: BIDU-SW ST Rev. May be Pressed by AI Upgrade, Rating Kept Buy
Nomura assessed that Baidu is trying to market its AI-enabled solutions to enterprise customers, but China's AI industry as a whole lacks attractive commercial applications to motivate companies to use them.
As a result, some Chinese AI companies have had to resort to price wars to make sales.
The broker expected Baidu's core revenue to be flat YoY at RMB26.4 billion in 2Q.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Re: Baidu (BIDU); HK 9888
by winston » Wed Jul 17, 2024 12:43 pm
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<Research>Macquarie Cuts TP of BIDU-SW (09888.HK) to HK$103; Core Ads Biz Under Pressure in 2Q24
Macquarie wrote in a report that it is now taking a conservative view on the core advertising performance of BIDU-SW (09888.HK) , with core revenue for 2Q24 expected to be flat YoY at around RMB26.4 billion, taking into account the unstable macro-economy, shrinking advertising budgets in major industries, and advertisers switching to investing their budgets in new channels such as Douyin and Xiaohongshu.
According to the report, BIDU has recently started to accelerate the development of its artificial intelligence business and launched consumer-oriented advertising products, which is expected to enhance its long-term competitiveness.
However, as the transformation is still at an early stage, it may further drag down the performance of its advertising business in the short term.
The broker accordingly lowered its 2Q24 adjusted net profit forecast on BIDU to RMB6.1 billion.
Related News: Haitong Int'l Drops Baidu (BIDU.US) TP to US$122; AI Improvements Not Enough to Offset Macro Headwinds
Although Apollo Go, BIDU's Robotaxi business, has been growing steadily, Macquarie excluded it from its valuation as it is relatively small and the financial impact is believed to be minimal.
The broker cut its EPS forecasts on BIDU for this year and next year by 4% and 6% and reduced its target price to HK$103.
Nevertheless, the broker is still looking forward to the long-term growth momentum brought by generative AI.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>Macquarie Cuts TP of BIDU-SW (09888.HK) to HK$103; Core Ads Biz Under Pressure in 2Q24
Macquarie wrote in a report that it is now taking a conservative view on the core advertising performance of BIDU-SW (09888.HK) , with core revenue for 2Q24 expected to be flat YoY at around RMB26.4 billion, taking into account the unstable macro-economy, shrinking advertising budgets in major industries, and advertisers switching to investing their budgets in new channels such as Douyin and Xiaohongshu.
According to the report, BIDU has recently started to accelerate the development of its artificial intelligence business and launched consumer-oriented advertising products, which is expected to enhance its long-term competitiveness.
However, as the transformation is still at an early stage, it may further drag down the performance of its advertising business in the short term.
The broker accordingly lowered its 2Q24 adjusted net profit forecast on BIDU to RMB6.1 billion.
Related News: Haitong Int'l Drops Baidu (BIDU.US) TP to US$122; AI Improvements Not Enough to Offset Macro Headwinds
Although Apollo Go, BIDU's Robotaxi business, has been growing steadily, Macquarie excluded it from its valuation as it is relatively small and the financial impact is believed to be minimal.
The broker cut its EPS forecasts on BIDU for this year and next year by 4% and 6% and reduced its target price to HK$103.
Nevertheless, the broker is still looking forward to the long-term growth momentum brought by generative AI.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Baidu (BIDU); HK 9888
by winston » Wed Jul 17, 2024 3:10 pm
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<Research>HSBC Global Research Cuts BIDU-SW (09888.HK) TP to $113.1; Ads Biz Recovery Takes Time
HSBC Global Research commented in a report that outlook for the advertising business of BIDU-SW (09888.HK) (BIDU.US) remained challenging in the near term due to weak macro market sentiment and a reduction in search advertising inventory as BIDU continues to integrate AI capabilities into its search function.
The broker lowered its 2024-2026 forecast for BIDU's core advertising revenue by 3-4% and its overall revenue by 1-2%.
Assuming a 3% YoY decline in the group's advertising revenue in both 2Q24 and 3Q24, core advertising revenue for the full year is expected to show a slight negative growth.
While the broker took a constructive view on recent regulatory developments regarding autonomous driving, it did not see a significant contribution from the self-driving taxi business in the near term.
Related News: Nomura Lowers Baidu (BIDU.US) TP to US$130; More Proactive Return of Capital Needed
HSBC lowered BIDU's US share target price from US$145 to US$116, as well as its H-share target price from HK$141.4 to HK$113.1, with the Buy rating maintained.
Near-term catalysts included the potential increase in shareholder return yields and improved advertising prospects.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>HSBC Global Research Cuts BIDU-SW (09888.HK) TP to $113.1; Ads Biz Recovery Takes Time
HSBC Global Research commented in a report that outlook for the advertising business of BIDU-SW (09888.HK) (BIDU.US) remained challenging in the near term due to weak macro market sentiment and a reduction in search advertising inventory as BIDU continues to integrate AI capabilities into its search function.
The broker lowered its 2024-2026 forecast for BIDU's core advertising revenue by 3-4% and its overall revenue by 1-2%.
Assuming a 3% YoY decline in the group's advertising revenue in both 2Q24 and 3Q24, core advertising revenue for the full year is expected to show a slight negative growth.
While the broker took a constructive view on recent regulatory developments regarding autonomous driving, it did not see a significant contribution from the self-driving taxi business in the near term.
Related News: Nomura Lowers Baidu (BIDU.US) TP to US$130; More Proactive Return of Capital Needed
HSBC lowered BIDU's US share target price from US$145 to US$116, as well as its H-share target price from HK$141.4 to HK$113.1, with the Buy rating maintained.
Near-term catalysts included the potential increase in shareholder return yields and improved advertising prospects.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Baidu (BIDU); HK 9888
by winston » Wed Jul 17, 2024 3:16 pm
vested
<Research>UBS Chops BIDU-SW (09888.HK) TP to $146 as Ad Biz Continues to be Pressured in Short Term
UBS released a research report chopping its target price for BIDU-SW (09888.HK) from $161 to $146, with rating kept at Buy.
UBS remained cautious on its short-term core growth, and expected its 2Q24 core advertising revenue to fall by 3% YoY, mainly due to the weakening macro-economy, a high base in the same period of 2023 and the need to continue to develop its AI-powered search function.
Related News: TF Securities: BIDU-SW ST Rev. May be Pressed by AI Upgrade, Rating Kept Buy
UBS believed that the slowdown in China's economic activity will have an impact on BIDU-SW's advertising business.
In addition, AI-powered search has yet to monetize and is temporarily affecting core advertising growth, which is believed to continue into 3Q24 before improving in 4Q24.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>UBS Chops BIDU-SW (09888.HK) TP to $146 as Ad Biz Continues to be Pressured in Short Term
UBS released a research report chopping its target price for BIDU-SW (09888.HK) from $161 to $146, with rating kept at Buy.
UBS remained cautious on its short-term core growth, and expected its 2Q24 core advertising revenue to fall by 3% YoY, mainly due to the weakening macro-economy, a high base in the same period of 2023 and the need to continue to develop its AI-powered search function.
Related News: TF Securities: BIDU-SW ST Rev. May be Pressed by AI Upgrade, Rating Kept Buy
UBS believed that the slowdown in China's economic activity will have an impact on BIDU-SW's advertising business.
In addition, AI-powered search has yet to monetize and is temporarily affecting core advertising growth, which is believed to continue into 3Q24 before improving in 4Q24.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 110210
- Joined: Wed May 07, 2008 9:28 am
Re: Baidu (BIDU); HK 9888
by winston » Wed Jul 17, 2024 3:34 pm
vested
<Research>CICC Trims BIDU-SW TP to $134.5 as Apollo Go Progress Draws Mkt Attention
CICC issued a research report estimating that BIDU-SW (09888.HK)'s 2Q24 revenue will drop slightly to RMB33.7 billion YoY. Of which, core revenue will fall slightly to RMB26.2 billion YoY.
CICC lowered its 2024/ 2025 revenue forecasts by 2% to RMB137 billion/ RMB144.1 billion, and maintained its non-GAAP net profit forecasts, with rating kept at Outperform, taking into account pressure on advertising revenues, according to the report.
Related News: TF Securities: BIDU-SW ST Rev. May be Pressed by AI Upgrade, Rating Kept Buy
Considering the reduction of its core advertising earnings forecast for 2024, CICC trimmed its target prices for BIDU-SW's US stock/ H-shares by 8.4% to US$138.8/ $134.5, respectively.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>CICC Trims BIDU-SW TP to $134.5 as Apollo Go Progress Draws Mkt Attention
CICC issued a research report estimating that BIDU-SW (09888.HK)'s 2Q24 revenue will drop slightly to RMB33.7 billion YoY. Of which, core revenue will fall slightly to RMB26.2 billion YoY.
CICC lowered its 2024/ 2025 revenue forecasts by 2% to RMB137 billion/ RMB144.1 billion, and maintained its non-GAAP net profit forecasts, with rating kept at Outperform, taking into account pressure on advertising revenues, according to the report.
Related News: TF Securities: BIDU-SW ST Rev. May be Pressed by AI Upgrade, Rating Kept Buy
Considering the reduction of its core advertising earnings forecast for 2024, CICC trimmed its target prices for BIDU-SW's US stock/ H-shares by 8.4% to US$138.8/ $134.5, respectively.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Baidu (BIDU); HK 9888
by winston » Thu Aug 22, 2024 9:19 pm
vested
<Results>BIDU-SW 2Q24 Non-GAAP Net Income RMB7.396B, Down 7.5% YoY, Still Better than Expected
BIDU-SW (09888.HK) (BIDU.US) announced its 2Q24 results as of the end of June 2024.
The non-GAAP net income to Baidu was RMB7.396 billion, down 7.5% YoY, still better than the RMB6.419-7.057 billion forecast by 10 brokers surveyed by our reporters.
The non-GAAP diluted earnings per ADS were RMB21.02.
The net income to Baidu in 2Q24 was RMB5.488 billion, a YoY increase of 5.3%. This also beat the forecast range of RMB4.875-5.292 billion provided by four brokers surveyed by our reporters. Diluted earnings per ADS were RMB15.01.
The group’s total revenues were RMB33.931 billion, a YoY decrease of 0.4%, in line with the forecasts of 10 brokers at RMB33.399-35.769 billion as compiled by our reporters.
Baidu returned US$301 million to shareholders since the beginning of 2Q24, bringing the cumulative repurchase to about US$1.2 billion under the 2023 share repurchase program.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Results>BIDU-SW 2Q24 Non-GAAP Net Income RMB7.396B, Down 7.5% YoY, Still Better than Expected
BIDU-SW (09888.HK) (BIDU.US) announced its 2Q24 results as of the end of June 2024.
The non-GAAP net income to Baidu was RMB7.396 billion, down 7.5% YoY, still better than the RMB6.419-7.057 billion forecast by 10 brokers surveyed by our reporters.
The non-GAAP diluted earnings per ADS were RMB21.02.
The net income to Baidu in 2Q24 was RMB5.488 billion, a YoY increase of 5.3%. This also beat the forecast range of RMB4.875-5.292 billion provided by four brokers surveyed by our reporters. Diluted earnings per ADS were RMB15.01.
The group’s total revenues were RMB33.931 billion, a YoY decrease of 0.4%, in line with the forecasts of 10 brokers at RMB33.399-35.769 billion as compiled by our reporters.
Baidu returned US$301 million to shareholders since the beginning of 2Q24, bringing the cumulative repurchase to about US$1.2 billion under the 2023 share repurchase program.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Baidu (BIDU); HK 9888
by winston » Fri Aug 23, 2024 6:51 am
vested
Transition from adverts to AI challenges Baidu
Source: The Standard
https://www.thestandard.com.hk/section- ... nges-Baidu
Transition from adverts to AI challenges Baidu
1H net profit edged down 1 percent to 10.94 billion yuan (HK$11.95 billion) as quarterly revenue dipped,
Revenue for the three months ended June fell 0.4 percent to 33.9 billion yuan.
Source: The Standard
https://www.thestandard.com.hk/section- ... nges-Baidu
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Baidu (BIDU); HK 9888
by winston » Fri Aug 23, 2024 9:51 am
Baidu Inc (9888 HK) 2Q24: Earnings Beat; Modest Online Ad Growth; Solid AI Cloud
Revenue Growth Baidu’s 2Q24 results were within expectations.
Revenue remained flattish yoy at Rmb33.9b, in line with consensus estimate.
Gross margin inched down 1ppt yoy to 51.7%, within consensus expectation.
Non-GAAP operating profit was Rmb7.5b, up 2% yoy, while non-GAAP operating profit margin came in at 22%.
Non-GAAP net profit declined 8% yoy to Rmb7.4b, exceeding consensus estimate by 11%.
Maintain BUY with a lower target price of HK$110.00 (US$123.00).
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
Revenue Growth Baidu’s 2Q24 results were within expectations.
Revenue remained flattish yoy at Rmb33.9b, in line with consensus estimate.
Gross margin inched down 1ppt yoy to 51.7%, within consensus expectation.
Non-GAAP operating profit was Rmb7.5b, up 2% yoy, while non-GAAP operating profit margin came in at 22%.
Non-GAAP net profit declined 8% yoy to Rmb7.4b, exceeding consensus estimate by 11%.
Maintain BUY with a lower target price of HK$110.00 (US$123.00).
Source: UOBKH
https://research.uobkayhian.com/content ... e=hs_email
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Baidu (BIDU); HK 9888
by winston » Fri Aug 23, 2024 12:44 pm
vested
Broker│Opinion
Jefferies│Quarterly revenue in line, non-GAAP earnings beat
UBS│Quarterly revenue in line, earnings beat
Goldman Sachs│Advertising revenue in line, AI cloud business accelerating
Nomura│Quarterly earnings beat, revenue in line
Morgan Stanley│Cost control tightened to cope with advertising weakness
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
Broker│Opinion
Jefferies│Quarterly revenue in line, non-GAAP earnings beat
UBS│Quarterly revenue in line, earnings beat
Goldman Sachs│Advertising revenue in line, AI cloud business accelerating
Nomura│Quarterly earnings beat, revenue in line
Morgan Stanley│Cost control tightened to cope with advertising weakness
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 110210
- Joined: Wed May 07, 2008 9:28 am
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