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<Research>JPM Expects BIDU-SW (09888.HK) 3Q Adj. NP to Be RMB3B, Drops 2025/ 2026 Earnings Forecasts
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JPMorgan released a research report estimating that BIDU-SW (09888.HK)(BIDU.US) will record a total revenue of RMB30.7 billion in 3Q25, down 8% YoY, 1% below market consensus. Core adjusted operating profit is expected to reach RMB1.5 billion, while the adjusted net profit is anticipated to be RMB3 billion, 2% ahead of market expectations. The broker maintained its 2025/ 2026 revenue forecasts for BIDU-SW unchanged, but lowered its adjusted earnings forecasts by 6%/ 3% each. JPMorgan elevated its target price for BIDU-SW's H-shares from $85 to $105, and lifted its target price for BIDU-SW's US stock to US$110. AASTOCKS Financial News Website: www.aastocks.com |
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