Dahua Jixian: BIDU-SW (09888) beats expectations in last quarter performance, maintains "buy" rating.

Dahua Jixian released a research report stating that the performance of BIDU-SW (09888) in the fourth quarter of last year exceeded the bank's expectations. The visibility of Baidu's AI cloud business monetization is increasing, and its AI application portfolio is the most comprehensive in the industry, maintaining a "buy" rating. The bank roughly maintains the group's revenue forecast for the first quarter and full year, and raises the forecast for non-GAAP net profit for the first quarter and full year by 11% and 1% respectively.