UOB Kay Hian Sticks to Their Buy Rating for Baidu, Inc. Class A (9888)
In a report released today, Julia Pan from UOB Kay Hian maintained a Buy rating on Baidu, Inc. Class A, with a price target of HK$186.00.
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Pan covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Kuaishou Technology Class B, and Baidu, Inc. Class A. According to TipRanks, Pan has an average return of -0.7% and a 36.59% success rate on recommended stocks.
In a report released on July 17, J.P. Morgan also maintained a Buy rating on the stock with a HK$200.00 price target.
Based on Baidu, Inc. Class A’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$31.79 billion and a net profit of HK$3.41 billion. In comparison, last year the company earned a revenue of HK$32.45 billion and had a net profit of HK$7.72 billion
Read More on HK:9888:
Disclaimer & DisclosureReport an Issue
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- Unusually active option classes on open July 16th
- Baidu to pursue conversion to dual-primary listing on Hong Kong Stock Exchange
