Episode Transcript
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Speaker 1 (00:00):
Today, BYDEU, shares traded up and reached about eighty nine
United States dollars and forty seven cents, reflecting a gain
of just over two per cent. During midday trading, the
trading volume reached approximately two million, six hundred eighty four
thousand shares, which remains below the average daily volume of
four million, thirteen thousand shares, indicating lower than usual active
(00:20):
trading for the day. Bideu's market capitalization stands at around
thirty point nine one million United States dollars, with a
price to earnings ratio of slightly under nine and a
beta of zero point three three, highlighting modest volatility compared
to the wider market. There has been a wave of
analyst activity around Baidu in recent weeks. Several major firms
(00:42):
have updated their price targets. Benchmark reduced its target from
one hundred thirty United States dollars to one hundred twenty,
reiterating a by rating, while Jeffreys cut its target from
one hundred twenty United States dollars to one hundred ten,
still suggesting a buye. Barclays took a more cautious position,
setting a target at eighty four United States dollars with
(01:02):
a hold rating. City Group stands out with a bullish perspective,
boosting its price target to one hundred and forty United
States dollars and maintaining a buy recommendation. The current consensus
among analysts is a hold, with an average price target
across several brokerages around one hundred five United States dollars
to one hundred three United States dollars and a range
(01:22):
stretching from eighty four United States dollars to one hundred
forty four United States dollars. Recent news includes by Due's
new partnership with Uber to launch robot taxi services globally,
focusing on deployments in Asia and the Middle East. This
initiative leverages by Due's Apollo Go autonomous vehicle platform and
is expected to roll out later this year, marking a
(01:44):
significant international expansion effort outside mainland China and the United States.
There was also a notable surge in options trading this week,
especially in bullish call options, suggesting heightened investor interest around
upcoming company events or news. On the financial front, revenue
expectations have been revised downward. Major brokerages, such as both
(02:06):
AS Securities and c CC both warned of falling revenue,
with c CCC forecasting a three point eight percent year
on year drop for the quarter, mainly due to softness
in high margin advertising. Still, institutional investors continue reallocating to
by Do, with several increasing their holdings overall. Bydu remains
(02:28):
an influential name in artificial intelligence and internet services, though
analyst's sentiment and trading activity show a cautious but watchful
market environment.