BIDU: Continuing Its Focus On AI While Developing Content and Newsfeed Businesses; Maintain BUY Rating for Long Term Value In AI
BIDU will report 3Q18 results on Tuesday, October 30th after the markets close followed by a 9:15pm EST conference call. Based on our proprietary data, we believe BIDU is likely to report 3Q18 net revenue at ~RMB27.863B (excluding Global DU and Du Xiaoman), coming in towards the higher-end of the company’s guidance range of RMB26.56B - RMB27.92B and higher than our model at RMB26.810B.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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