Baidu, Inc. (BIDU.US) (09888.HK) +2.500 (+2.306%) Short selling $463.68M; Ratio 24.693% 's 1Q24 results were in line with expectations, with revenue hiking 1% YoY to RMB31.5 billion, in line with market consensus, UOB Kay Hian released a research report saying. Non-GAAP net profit rose 22% YoY to RMB7 billion, benefiting from a one-off gain, also exceeding the market's expectation by 26%.
UOB Kay Hian kept rating at Buy on Baidu, and cut its target price from $128 to $126. The broker's target price for Baidu's ADR was US$140, with a projected PE ratio of 6x for core business, implying an overall projected PE ratio of 10.8x, equivalent to a projected CAGR of 9% in EPS from 2024-2027 and a PEG of 1.2x.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
