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24431 HSBAIDU@EC2412B (CALL)
RT Nominal unchange0.012 0.000 (0.000%)

17/05/2024 14:34

{I-bank focus}Daiwa lowers Baidu (09888) to HKD142

[ET Net News Agency, 17 May 2024] Daiwa lowered the target price for Baidu (09888) to
HKD142 from HKD153 and maintained the "buy" rating.
The research house said it trims 2024-26E revenue by 2-3% and 2025-26E EPS by 4-5% on
lower advertising growth assumptions. (rc)

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