BIDU-W (09888.HK) Latest News & Headlines | Longbridge

Weekly Recap | BIDU-W -2.35%, near 52-week low
Weekly Review·2 hours ago
- Baidu Group-W accumulated a 2.35 % decline this week to close at 87.2 HKD, underperforming the Hang Seng Index and approaching its 52-week low. - Market focus centered on the company's continuous share buybacks, a newly reported US class-action lawsuit, and the release of its Q2 earnings report. - Despite the downward price pressure, 16 covered institutions maintain a consensus rating of strong buy with an average target price of 151.04 HKD.
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Weekly Recap | BIDU-W -2.52%, Stock Connect debut fades
Weekly Review·Sep 12 at 07:35 AM
- Baidu Group-W (9888.HK) experienced a volatile trading week, accumulating a 2.52% decline to close at 89.1 HKD while underperforming the Hang Seng Index by 0.13 percentage points. - The primary market catalyst was the inclusion of Baidu's Class A ordinary shares in the Stock Connect scheme, which initially triggered high volatility before the stock retraced alongside broader tech sector weakness. - Despite the weekly pullback and varied institutional target prices averaging 150.89 HKD, 16 covering institutions maintained a consensus strong buy rating driven by low valuations and ongoing share buybacks.
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Weekly Recap | BIDU-W -0.31%, dual-primary listing lands
Weekly Review·Sep 5 at 09:22 AM
- Baidu Group - W fell by 0.31 % to close at 95.9 HKD this week, underperforming the Hang Seng Index by 0.64 percentage points. - The company completed its dual-primary listing on the Hong Kong Stock Exchange and was officially included in the Shanghai-Hong Kong Stock Connect. - Seventeen institutions maintained a consensus strong buy rating with a target price of 150.997 HKD, reflecting market focus on AI commercialization and southbound capital flows.
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Weekly Recap | BIDU-SW +6.74%, advancing dual primary listing
Weekly Review·Aug 29 at 05:12 AM
- Baidu - SW recorded a weekly increase of 6.74 % to close at 95.75 HKD, outperforming the Hang Seng Index by 6.48 percentage points amid active trading. - The primary market driver was the advancement of its dual-primary listing on the Stock Exchange of Hong Kong, bolstered by AI sector momentum and institutional backing. - Institutional sentiment remained strong with a consensus buy rating and a target price of 152.72 HKD, while upcoming listing milestones and macro data remain key focuses.
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Weekly Recap | BIDU-SW -7.08%, most brokers rate it buy after Q2 miss
Weekly Review·Aug 22 at 06:58 AM
- This week, Baidu - SW ( 9888.HK ) accumulated a drop of 7.08 % to close at 93.2 HKD, underperforming the Hang Seng Index by 9.27 percentage points amid sharp fluctuations triggered by weaker-than-expected Q2 financial results. - Despite strong structural growth in AI cloud services with GPU cloud revenue surging 283 % and overseas expansion of Apollo Go, weak online marketing revenue and profit pressures prompted a sharp stock sell-off and a rating downgrade by Morgan Stanley. - A majority of 18 institutions maintained a buy or overweight rating with a consensus target price of 154.25 HKD, reflecting a market tension between long-term AI-driven prospects and short-term profit pressures.
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