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The latest update is out from Baidu, Inc. Class A ( (HK:9888) ).
Baidu, Inc. announced the pricing of its CNY4.4 billion senior unsecured notes due 2029, with an interest rate of 1.90%. The proceeds from this offering are intended for general corporate purposes, including debt repayment and interest payments. This strategic financial move is expected to enhance Baidu’s financial flexibility and support its ongoing operations and growth strategies.
The most recent analyst rating on (HK:9888) stock is a Buy with a HK$102.00 price target. To see the full list of analyst forecasts on Baidu, Inc. Class A stock, see the HK:9888 Stock Forecast page.
More about Baidu, Inc. Class A
Baidu, Inc. is a leading technology company primarily operating in the internet services and artificial intelligence sectors. It is well-known for its search engine services and has a significant market presence in China, focusing on internet search and newsfeed markets.
Average Trading Volume: 10,427,384
Technical Sentiment Signal: Buy
Current Market Cap: HK$266.8B
See more data about 9888 stock on TipRanks’ Stock Analysis page.