Stock Track | BIDU-SW Soars 5.02% Intraday as Kunlun Xin's Independent Listing Boosts Valuation

Stock Track01-12

BIDU-SW's stock surged 5.02% during Monday's intraday trading session, reflecting strong investor optimism following the announcement of its AI chip subsidiary Kunlun Xin's independent listing application.

The spin-off of Kunlun Xin, which has submitted a listing application to the Hong Kong Stock Exchange, is expected to significantly enhance Baidu's valuation. Analysts from CICC and Goldman Sachs project that Baidu's 59% stake in Kunlun Xin could be worth up to $22 billion, accounting for 45% of Baidu's current market capitalization.

Goldman Sachs forecasts Kunlun Xin's sales to reach 3.5 billion yuan in 2025, potentially surging to 6.5 billion yuan in 2026, while Morgan Stanley predicts even higher revenue of 8.3 billion yuan in 2026, further bolstering investor confidence in Baidu's growth prospects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment