<Research>UOB Kay Hian Slightly Cuts BIDU-SW (09888.HK) TP to $126 as 1Q Earnings Beat
Baidu, Inc. (BIDU.US) (09888.HK) +2.500 (+2.306%) Short selling $463.68M; Ratio 24.693% 's 1Q24 results were in line with expectations, with revenue hiking 1% YoY to RMB31.5 billion, in line with market consensus, UOB Kay Hian released a research report saying. Non-GAAP net profit rose 22% YoY to RMB7 billion, benefiting from a one-off gain, also exceeding the market's expectation by 26%.