[Baidu, Inc. (BIDU US, BUY, TP US$162) TP Change]: Cut TP Due to Weaker Outlook in Ads and Cloud
We expect Baidu's 2Q23’s rev./non-GAAP net income to be (2.3%)/ (1.9%) vs cons, also cut the TP to $162, which implies 16.5X PE in 2023
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ECM Weekly (9th July 2023) - Socionext, Yongtai, Tryt, Redox, S.F. Holding, Lalatech, Fadu, Amman
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Black Sesame Pre-IPO: Earnings Show Strong Potential
Chinese autonomous driving chip maker (SoCs) Black Sesame has filed for a HKEx IPO to raise around $200m. The company is in early stages of...
609 Views
Black Sesame Pre-IPO Tearsheet
Black Sesame International Holdings (BSIH) is looking to raise around US$300m in its upcoming Hong Kong IPO. The deal will be run by CICC and Huatai.
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Alibaba’s Cloud Intelligence Group Spin-Off: The First Look
The aim to bring in external strategic investors before the spin-off will provide a valuation benchmark. Our analysis points to a Cloud business...
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