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<Research>CICC Expects BIDU-SW (09888.HK) 1Q Rev./ Core Rev. to Drop 3%/ 0.5% YoY
Recommend 5 Positive 8 Negative 3 |
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CICC released a research report forecasting BIDU-SW (09888.HK)'s 1Q25 revenue to drop 3% YoY to RMB30.6 billion. Of which, BIDU-SW's core revenue will slide 0.5% YoY to RMB23.7 billion, while non-GAAP net profit will be RMB4.1 billion, with BIDU-SW's core non-GAAP net profit being RMB3.7 billion. Therefore, CICC maintained its 2025/ 2026 revenue and non-GAAP net profit forecasts for the Group, and kept rating at Outperform. The broker also maintained its target prices for BIDU-SW's US stock/ H-shares at US$99/ $96. AAStocks Financial News |
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