News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>JPM Expects BIDU-SW (09888.HK) Financial Metrics to Deteriorate Further in 4Q24
BIDU-SW (09888.HK)'s share price underperformed the industry average, mainly due to concerns on its deteriorating core advertising outlook amid weak macros and BIDU-SW's re...
Reset
Send
The window will close in 5 seconds
<Research>JPM Expects BIDU-SW (09888.HK) Financial Metrics to Deteriorate Further in 4Q24
Close
Recommend
4
Positive
5
Negative
5
 
SHORT SELL
 
STOCK INFO

BIDU-SW (09888.HK)  -0.650 (-0.822%)    Short selling $35.50M; Ratio 33.017%   's share price underperformed the industry average, mainly due to concerns on its deteriorating core advertising outlook amid weak macros and BIDU-SW's reduced monetization, JPMorgan published a research report saying.

The broker expected BIDU-SW's financial metrics to deteriorate further in 4Q24, with core advertising revenue declining by 8% YoY, dragging down gross profit coupled with the impact of deleverage and Jidu Auto business.

Related NewsHSBC Research: Fierce Competition May Mask BIDU-SW (09888.HK) Monetization Outlook
JPMorgan kept rating at Neutral on BIDU-SW's H-shares, with a target price of $85, and forecasted the Group's 4Q24 revenue to be RMB33 billion, which is 2% lower than the market consensus. Its adjusted EPS is estimated to be RMB14.2, which is 3% below market consensus.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-17 12:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.