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<Research>M Stanley: Baidu (BIDU.US) 4Q25 Rev. in Line; Rating Equalweight
Recommend 1 Positive 5 Negative 2 |
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BIDU-SW (09888.HK) reported a 4% YoY decline in total revenue for 4Q25, in line with expectation, according to Morgan Stanley's research report. Core revenue fell by 6%, also in line with forecast. BIDU-SW's 4Q25 core non-GAAP operating profit was RMB2.8 billion, down 39% YoY, in line with the broker's prediction. Core operating profit increased by 28% QoQ, mainly driven by a decline in depreciation expenses following impairment. Therefore, Morgan Stanley kept its target price of US$150 unchanged for BIDU-SW's US stock, with rating at Equalweight. AASTOCKS Financial News Website: www.aastocks.com |
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