BAIDU may trend higher after it crossed above the 20-day and 50-day EMAs with strong volume a few sessions ago. The recent bullish EMA crossover reflects robust buying interests, further supporting the upward movement. Additionally, the MACD consistent upward movement, along with its position above the signal line, highlights strong momentum in the short term.
Resistance/Support Level | |||
R2 | 100.00 | S1 | 85.00 |
R1 | 95.00 | S2 | 82.00 |
Net profit is expected to grow at a CAGR of 7% for the next 3 years with strong net margins of about 19%.
HKD (m) | FY2024Y | FY2025Y | FY2026Y |
Revenue | 141,264.0 | 146,869.0 | 154,613.6 |
Net Profit | 26,679.1 | 27,109.0 | 29,682.8 |
Source: Rakuten Research - 13 Feb 2025
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