Baidu (BIDU); HK 9888

Re: Baidu (BIDU)

Postby winston » Wed Nov 18, 2020 10:47 am

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Baidu Inc (BIDU US) - Riding on the coattails of China’s recovery

Baidu’s revenue increased by 1% YoY to RMB 28.2b (3% above consensus) on the back of an improvement in the Baidu Core.

Non-GAAP PATMI rose 59% YoY to RMB 7.0b, which was 53% above consensus.

Encouragingly, Baidu is guiding for revenue of -1% to 8% YoY in growth for 4Q, which at the mid-point is 3% higher than consensus.

On Baidu Core, many advertising verticals have turned around in 3Q, including healthcare, education, and auto.

In-app advertising, which we note is a growing majority of Baidu's mobile ecosystem revenue, continues to see healthy double-digit growth.

We believe that Baidu will continue to benefit from an improvement in the business environment as China continues to recover from the pandemic.

Baidu also announced that it has entered into agreements to acquire JOYY’s domestic video-based entertainment live streaming business in China (YY Live) for ~US$3.6b in cash.

We agree with management that live streaming can grow across different verticals beyond entertainment while being used by advertisers to connect better with users and improve overall conversion.

Still, we believe that time will be needed to better assess the extent and value of synergies arising from this acquisition. Maintain BUY.

Source: OCBC
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Re: Baidu (BIDU)

Postby winston » Wed Dec 23, 2020 6:47 am

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Baidu, Inc. (BIDU – Get Rating)

Based in Beijing, China, BIDU is a Chinese language internet search provider. China has the world’s largest internet user population, and the company is strategically placed to gain in the near term.

BIDU operates through two segments — Baidu Core which includes search services and transaction services, and iQIYI, which is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs.

The company’s top line has increased 8.4% sequentially to $4.2 billion for the third quarter ended September 30, 2020. In the iQIYI segment, its subscribers hit 104.8 million in the third quarter, and membership revenue increased 7% year-over-year. Non-GAAP net income increased 59.3% year-over-year to $1 billion. And non-GAAP earnings per ADS increased 61.4% year-over-year to $3.

Analysts expect BIDU’s revenue to increase 23.9% for the quarter ending March 31, 2021, 6.7% this year, and 15.1% next year. The company’s EPS is expected to increase 25.9% this year, 12.1% next year, and at a rate of 1.4% per annum over the next five years.

BIDU has an impressive earnings surprise history, with the company beating consensus EPS estimates in each of the trailing four quarters.

On December 8, BIDU announced that its board of directors had authorized a change to the company’s 2020 Share Repurchase Program, which is effective through December 31, 2022. It increased the aggregate value of shares that may be repurchased from $3 billion to$4.5 billion.

Also, BIDU entered into definitive agreements with JOYY Inc. (YY) in November. The stock has gained 51.5% over the past year to close yesterday’s trading session at $193.08.

How does BIDU stack up for the POWR Ratings?

A for Trade Grade

A for Buy & Hold Grade

A for Peer Grade

B for Industry Rank

A for Overall POWR Rating

The stock is also ranked #1 of 115 stocks in the China group.

Source: Investing Insights Daily
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Re: Baidu (BIDU)

Postby winston » Thu Jan 14, 2021 12:04 pm

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Baidu Inc (BIDU US) - Patience paying off

We believe that Baidu remains on track to benefit from the recovery in SME ad demand, given that the worst of Covid-19 should be behind us.

Baidu App DAU should exhibit healthy growth, which should in turn lay the foundation for Baidu’s in-app initiatives, including its Smart Mini Programs and Managed Pages, thereby presenting monetization opportunities down the road.

Baidu has also announced that it plans to establish a company to produce intelligent electric vehicles, and that it has entered into a strategic partnership with Geely.

In our view, this could be an important development as it demonstrates Baidu’s desire to find monetization avenues for its autonomous driving technology, now potentially through a hardware-software integration.

At this juncture, we believe that Baidu, through this tie-up, will be able to amass more real-time data, which could allow it to refine and potentially license its autonomous driving solution to other OEMs in the future.

Since we upgraded Baidu to a Buy rating in Nov 2019, the share price has returned ~96% in just over a year.

In our view, market participants increasingly appreciate the recovery in Baidu’s core ad business, as well as its increasing headway into the autonomous driving space where it enjoys sector leadership – these have helped to bolster previously-depressed valuation multiples.

We believe that the next upcoming catalyst could be a potential second listing in Hong Kong, which has been reported by the media.

While this remains speculative, we are not surprised if it should materialize, given the trend of second listings pursued by a number of other Chinese internet companies with ADRs. BUY.

Source: OCBC
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Re: Baidu (BIDU)

Postby winston » Fri Feb 19, 2021 11:05 am

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Baidu Inc (BIDU US) - Here comes the future

Baidu delivered a firm set of 4Q20 results with a strong bottom-line beat.

1Q21 guidance is encouraging, which we believe underscores Baidu’s recovery as macro conditions improve and its focus on innovation bears initial fruits.

In terms of its mobile ecosystem, management noted that many of its ad verticals are growing, including health care, education, and auto.

Management noted that in their view, the TAM of its non-advertising business is 10x the size of its online marketing TAM and the expected CAGR to 2025 is 3x that of its online marketing TAM.

Thus, the potential for its non-advertising business appears significant.

On Intelligent Driving, management shared that its partnership with Zhejiang Geely Holding Group and the estimated launch of intelligent EVs in ~3 years time will serve as a benchmark for other OEMs, as the vehicle will be able to demonstrate the end-to-end integration of hardware and software, and will also serve to improve the feedback loop in improving its self-driving technology.

Management also noted that Apollo Self Driving (ASD) is gaining momentum, having signed strategic partnerships with 10 leading automakers on services.

On Smart Transportation, while potential customers will invite multiple vendors for projects, management believes that Baidu is far ahead of the competition and will be in a leading position should customers prioritise the effectiveness of smart transportation projects. BUY.

Source: OCBC
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Re: Baidu (BIDU)

Postby winston » Tue Apr 13, 2021 7:40 pm

Baidu’s startling slump in Hong Kong is deeper than Archegos’ trigger as advertising, EV business face challenges

Baidu’s Hong Kong-listed shares have dropped 17 per cent from their IPO price, underperforming Kuaishou and Bilibili among jumbo listings

Weak online advertising revenue, a cash-draining self-driving business and foray into EV market are key challenges

Source: SCMP

https://www.scmp.com/business/china-bus ... os-trigger
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Re: Baidu (BIDU); HK 9888

Postby winston » Thu Apr 15, 2021 9:33 am

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Baidu (BIDU)

Baidu is to China what Google (NASDAQ:GOOG, NASDAQ:GOOGL) is to the U.S. And China’s dominant search engine company is facing real issues.

The recent fiasco in which hedge fund Archegos collapsed pulled U.S. and Chinese stocks downward quickly. Big questions remain about why the company was allowed to be as leveraged as it was given Bill Hwang’s trading past. But I digress. Baidu stock was pulled down as a sell-off hit Chinese firms as well.

Outside of those externalities, Baidu is dealing with an increasingly tough government at home. The government levied a tiny $76,457 fine against Baidu, along with 11 other companies, back in March. Each of the companies were found guilty of anti-monopolistic practices.

Regulators in China are heavily scrutinizing tech giants and Baidu will continue to garner focus as such. The fine the CCP levied against Alibaba is clearly going to make Baidu anxious. And ongoing delisting threats in the U.S. compound its worries.

Source: Investor Place
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Re: Baidu (BIDU); HK 9888

Postby winston » Mon May 17, 2021 10:21 am

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<Research Report>C Suisse Cuts Baidu (BIDU.US) TP to US$356; Rated Outperform

Credit Suisse foresaw Baidu (BIDU.US)'s 1Q21 revenue growth of 22% YoY, with core business rise reviving to 32% YoY from 7% YoY in 4Q20.

The adjusted OPM for its core business may expand by 2 ppts to 23%.

Baidu was kept at Outperform, with target chopped from US$407 to US$356.

Source: AAStocks Financial News
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Re: Baidu (BIDU); HK 9888

Postby winston » Mon May 17, 2021 11:47 am

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Investors Finding Potential in Top Chinese Search Engine Baidu

Baidu’s market share of 70-80% in the Chinese search market gives it a near-monopoly in a hyper-growth market.

The average analyst price target for BIDU stock right now is $351.27, implying upside potential of 88.6%.

The stock's consensus rating is a Strong Buy, based on 15 Buy and 2 Hold ratings.


Source: TipRanks

https://finance.yahoo.com/news/investor ... 09240.html
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Re: Baidu (BIDU); HK 9888

Postby winston » Mon May 17, 2021 9:43 pm

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4 Reasons Baidu Could Make You Rich

Summary

Baidu is the Google of China, and planning on increasing spending by 30% annually over the coming years, focusing on AI, driverless cars, and streaming.

In recent weeks it plunged 40%, partially due to forced hedge fund margin call selling. This creates a potentially exceptional opportunity to be "greedy when others are fearful" about this speculative hyper-growth blue-chip.

I recently bought a starter position in Baidu, because it's 31% undervalued and analysts think it could double in the next three years, and almost triple over the next five.

For anyone comfortable with the complex risk profile of Chinese tech giants, Baidu is one of the most reasonable and prudent hyper-growth blue-chips you can buy today.

Reason 1: A Speculative Blue-Chip Quality Company

Reason 2: Long-Term Hyper-Growth Potential

Reason 3: Highly Attractive Valuation
BIDU is currently trading at 20.4X forward earnings and 13.6X EV/EBITDA.

Reason 4: Eye-Popping Long-Term Return Potential



Source: Seeking Alpha

https://seekingalpha.com/article/442364 ... m=referral
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Re: Baidu (BIDU); HK 9888

Postby winston » Wed May 19, 2021 6:34 am

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Baidu posts 25 per cent rise in quarterly revenue as it continues pivot into AI and cloud services

Revenues climbed to 28.1 billion yuan in the first quarter, boosted by ads on its core search and video streaming platforms

Net income surged to 25.7 billion yuan, mostly boosted by gains in the value of long-term investments, including in recently listed Kuaishou Technology.


Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... -and-cloud
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