[Brokerage Focus] CMB International points out the trend of revenue growth from AI application starting in 2025.

Jinwu Financial News | CEB International released the 2025 outlook for the Software & IT Services Industry. Against the backdrop of economic cycle dislocation, the stock price performance of the Software Sector in China and the United States is expected to show a divergent trend in 2024. However, the investment volume related to AI, its short-term impact on profits, and the potential outlook for monetization are common points of concern for both markets. Looking ahead to 2025, the bank believes that the investment theme related to AI will continue its benefit transmission path from chips to public cloud to infrastructure software and then to Application software from a fundamental perspective. The Infrastructure Cloud Sector is focusing on the trend of increasing cloud business growth as supply constraints gradually ease and AI-related investment.

Jingwu Financial News24minutes ago

"The big banks" BOCOM INTL lowered the Target Price for Baidu (BIDU.US) to 102 USD, with the advertising Business under short-term pressure.

BOCOM INTL published a research report indicating that Baidu (BIDU.US)'s short-term AI search transformation will continue to negatively impact traditional Business monetization until the first half of next year, putting pressure on the company's overall revenue and profit growth. The report states that considering the changes in Baidu's revenue structure and ongoing investment in large model-related R&D, Baidu's advertising Business is expected to face short-term pressure, with the group's core advertising revenue projected to decrease by about 2% year-on-year, and the adjusted operating profit margin of its core Business slightly dropping to about 22%. BOCOM INTL noted that considering Baidu's potential growth factors in large models, Robotaxi, etc., it has lowered the Target Price to $102.

AASTOCKS11:19

According to reports, Baidu and Geely are currently in the process of transferring funds to pay the overdue social security for Jiyue employees for November.

Jinkai Financial News | According to reports, on the evening of December 12, CEI Xu Yiping held a closed-door meeting with the two major shareholders, Geely and Baidu (09888). After multiple rounds of communication, Baidu and Geely are internally processing the transfer to pay the overdue social insurance for November for Jiyue employees. The shareholders Geely and Baidu have formed an emergency team to participate remotely. It is understood that Jiyue employees have drawn up a list of demands, including the payment of five insurances and one housing fund for all employees for November and December, compensation of N+1 to be received before December 31 this year, settlement of December's salaries for employees, and issues concerning pregnant employees, handling post-employment issues, employees injured at work, and household registration.

Jingu Financial News11:00

Express News | The transformation and upgrading of Internet Plus-Related platforms has entered a critical period.

Breakings07:25

The Central Economic Work Conference was held in Peking, and **** delivered an important speech.

The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.

Xinhua News AgencyDec 12 22:02

Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.

BreakingsDec 12 19:56