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Guotai Junan Securities: Keeps Baidu Group-W at ‘Overweight’ Rating, Sets Target Price at HK$176
2 day ago /
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Author：小编
Guotai Junan Securities has issued a research report, in which it reaffirms its ‘Overweight’ rating for Baidu Group-W (stock code: 09888). Additionally, the securities firm has updated its revenue projections for the company over the 2025 - 2027 period, estimating revenues of RMB 130.7 billion, RMB 138.5 billion, and RMB 149.2 billion for each respective year. Alongside this, the adjusted net profit forecasts have also been revised, with projections standing at RMB 17.6 billion, RMB 20.2 billion, and RMB 29.8 billion for the same years. Utilizing the Sum-of-the-Parts (SOTP) valuation approach, Guotai Junan Securities has set Baidu's target price at HK$176.
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