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Baidu is likely to face near-term headwinds, according to Nomura analysts in a research note. The company's 2Q revenue came largely in line with low market expectations but adjusted net profit missed expectations, the analysts say. \"Given the combination of elevated investments and weakening advertising revenues, we project operating profit margin to moderate further to 9% in the third quarter from 15% in the second quarter,\" they note. Investors will closely watch its upcoming chip unit listing. Nomura maintains its buy rating, but cuts the target price on its ADRs to US$154.00 from US$170.00. Its ADRs last traded at US$90.87.","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["DRGN","BK4535","BK4587","BK4579","BK4614","BK4612","LU0640798160.USD","IE00B0JY6N72.USD","LU0287142896.SGD","LU1023057109.AUD","BK4526","BK4077","BK4531","BIDG","BK4552","BIDU","LU0359202008.SGD","BK4548","BK4588","LU1115378108.SGD","LU0173614495.USD","BK4574","LU0359201612.USD","BK4585","BK4602","BK4504","BK4543","KBDU","BK4514","09888"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1166817461","title":"Hong Kong Market Midday Update: Hang Seng Edges Up 0.24%, Tech Index Slips 0.82%, Oil Stocks Surge, Chip Stocks Tumble, Baidu Plunges Over 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=1166817461","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1166817461?lang=en_us&edition=fundamental","pubTime":"2026-08-19 12:15","pubTimestamp":1787112951,"startTime":"0","endTime":"0","summary":"Hong Kong's three major stock indices showed mixed performance on August 19. 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Beyond 2Q results, the lack of visibility on the spinoff progress of its AI chip unit also pressured shares, the analysts write. They point to management comments that the proposed listing process of Kunlunxin is continuing, without elaborating on the time frame. However, they note that management remains confident in Kunlunxin's long-term growth and commercial potential with strong AI compute demand. Citi sees Baidu's 3Q general revenue falling 1.5% on year and AI-powered revenue rising 29%. It cuts its ADR target price to $166.00 from $177.00 following the results. 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