BUZZ-Baidu's Hong Kong shares fall after results, Daiwa trims TP

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BUZZ-Baidu's Hong Kong shares fall after results, Daiwa trims TP

Reuters2021-08-13

** Hong Kong shares of Chinese tech giant Baidu Inc fall 3.8% to HK$153, the lowest since July 28

** Stock extends decline for a third straight session, tracking a slide in the overseas market

** Baidu's quarterly results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising sales and higher demand for its artificial intelligence and cloud products

** Baidu's U.S. shares slid 3.2% even after the company posted the upbeat quarterly revenue

** Brokerage Daiwa maintains "buy" rating on Baidu's Hong Kong shares after solid Q2, but trims TP to HK$280 from HK$335 on lower target valuation for marketing and EV businesses amid reduced regulatory risk appetite of the market

** The Hang Seng Tech Index falls 2.5% and the Hang Seng Composite Index slides 1%

** The Hang Seng China Enterprises Index drops 1.3% and the benchmark index eases 0.9%

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Targarean
·2021-08-13
Oh gawd, BIDU ?
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NAMNORIMAI
·2021-08-13
Good
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TP\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-13 13:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Hong Kong shares of Chinese tech giant Baidu Inc&nbsp;fall 3.8% to HK$153, the lowest since July 28</p>\n<p>** Stock extends decline for a third straight session, tracking a slide in the overseas market</p>\n<p>** Baidu's quarterly results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising sales and higher demand for its artificial intelligence and cloud products</p>\n<p>** Baidu's U.S. shares slid 3.2% even after the company posted the upbeat quarterly revenue</p>\n<p>** Brokerage Daiwa maintains \"buy\" rating on Baidu's Hong Kong shares after solid Q2, but trims TP to HK$280 from HK$335 on lower target valuation for marketing and EV businesses amid reduced regulatory risk appetite of the market</p>\n<p>** The Hang Seng Tech Index&nbsp;falls 2.5% and the Hang Seng Composite Index slides 1%</p>\n<p>** The Hang Seng China Enterprises Index&nbsp;drops 1.3% and the benchmark index eases 0.9%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159601072","content_text":"** Hong Kong shares of Chinese tech giant Baidu Inc fall 3.8% to HK$153, the lowest since July 28\n** Stock extends decline for a third straight session, tracking a slide in the overseas market\n** Baidu's quarterly results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising sales and higher demand 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Baidu's Hong Kong shares fall after results, Daiwa trims TP\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-13 13:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Hong Kong shares of Chinese tech giant Baidu Inc&nbsp;fall 3.8% to HK$153, the lowest since July 28</p>\n<p>** Stock extends decline for a third straight session, tracking a slide in the overseas market</p>\n<p>** Baidu's quarterly results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising sales and higher demand for its artificial intelligence and cloud products</p>\n<p>** Baidu's U.S. shares slid 3.2% even after the company posted the upbeat quarterly revenue</p>\n<p>** Brokerage Daiwa maintains \"buy\" rating on Baidu's Hong Kong shares after solid Q2, but trims TP to HK$280 from HK$335 on lower target valuation for marketing and EV businesses amid reduced regulatory risk appetite of the market</p>\n<p>** The Hang Seng Tech Index&nbsp;falls 2.5% and the Hang Seng Composite Index slides 1%</p>\n<p>** The Hang Seng China Enterprises Index&nbsp;drops 1.3% and the benchmark index eases 0.9%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2159601072","content_text":"** Hong Kong shares of Chinese tech giant Baidu Inc fall 3.8% to HK$153, the lowest since July 28\n** Stock extends decline for a third straight session, tracking a slide in the overseas market\n** Baidu's quarterly results topped Wall Street estimates on Thursday, as the Chinese search giant benefited from a rebound in advertising sales and higher demand for its artificial intelligence and cloud products\n** Baidu's U.S. shares slid 3.2% even after the company posted the upbeat quarterly revenue\n** Brokerage Daiwa maintains \"buy\" rating on Baidu's Hong Kong shares after solid Q2, but trims TP to HK$280 from HK$335 on lower target valuation for marketing and EV businesses amid reduced regulatory risk appetite of the market\n** The Hang Seng Tech Index falls 2.5% and the Hang Seng Composite Index slides 1%\n** The Hang Seng China Enterprises Index drops 1.3% and the benchmark index eases 0.9%","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5515105,"gmtCreate":1628835508857,"gmtModify":1663232316226,"authorId":3556144692243777,"author":{"id":3556144692243777,"idStr":"3556144692243777","authorId":3556144692243777,"name":"Dynamism","avatar":"https://static.tigerbbs.com/db9d6b46a7676559e8a7f6dec3c91c10","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":894503955,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":33,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}