Baidu (BIDU)

Re: Baidu (BIDU)

Postby winston » Sat Aug 04, 2018 5:46 am

vested BIDU; not vested GOOG

Google could give Baidu a serious run for its money in China

Speculation on the US internet giant’s return has centred on its reported development of mobile search and news aggregation apps designed to meet China’s strict censorship laws

Google had some 14 per cent of China’s search traffic and 33 per cent revenue share before the company’s exit from the market in 2010.

Baidu’s search engine had 79 per cent of traffic and 63 per cent of search-related sales at that time.

China is now home to 753 mobile internet users, the biggest online community in the world.

Baidu, which offers search and a personalised news feed, had 148 million daily active users as of June 2018. About 80 per cent of its revenue comes from online marketing services, which includes advertising.


Source: SCMP

https://www.scmp.com/tech/china-tech/ar ... oney-china
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Re: Baidu (BIDU)

Postby winston » Sat Aug 04, 2018 6:05 am

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Baidu follows Tencent’s lead in building ‘super app’ ecosystem with new service

The initiative accelerates advances made by China’s major internet companies in building platforms that can host multiple services

Robin Li is taking a page out of fellow tech billionaire Pony Ma’s playbook, by pushing to introduce mini-programs.

Mini-programs refer to applications typically smaller than 10 megabytes that can run instantly on the main app’s interface. These offer speed of access to users because a program does not have to be downloaded from an app store, but simply run from within the app.

Baidu first announced the launch of mini-programs last month. Its app, which offers search, personalised news feed and now mini-programs, reached 148 million daily active users in June, up 17 per cent from same period last year. A full roll-out is expected by the end of this year.

Alibaba Group Holding, the parent company of the Post, and Facebook have also been driving mini-program initiatives with their products.


DuerOS, an AI operating system designed by Baidu to support voice- activated interactions. This system has been installed in 90 million devices as of the end of June and has processed more than 400 million voice queries for that month alone.

The first 100 of its fully autonomous buses, co-developed with King Long United Automotive Industry, rolled off production line last month.


Source: SCMP

https://www.scmp.com/tech/apps-gaming/a ... system-new
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Re: Baidu (BIDU)

Postby winston » Wed Aug 08, 2018 7:26 am

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Baidu puts up brave front as rival Google’s China comeback looms

Google had some 14 per cent of China’s search traffic and 33 per cent revenue share before the company’s exit from the market in 2010.

Baidu’s search engine had 79 per cent of traffic and 63 per cent of search-related sales at that time.

The US company’s plan for a censored search app was first reported by The Intercept, while The information reported that Google also had plans for a news-aggregation app for China.

China is the world’s biggest online community of 772 million internet users, with almost half of the population still not connected to the internet.

There are three times the number of smartphone users and 11 times the number of mobile payment users in the country than in the US.


Source: SCMP

https://www.scmp.com/tech/tech-leaders- ... a-comeback
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Re: Baidu (BIDU)

Postby winston » Wed Aug 08, 2018 10:56 am

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Baidu

Pros: PE 25; Revenue 25%; Margins 25%; Cash US$20b; 148m Daily Users;

Future: Mini-programs; AI; Autonomous Driving Vehicles; Smart Infrastructure; CDR

Cons: Competition: Qihoo360; Google Censored Search (2019); Increased Expenses (Online to Offline); RMB Weak (Reporting in USD)
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Re: Baidu (BIDU)

Postby winston » Wed Aug 08, 2018 1:03 pm

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Chinese Stocks to Buy: Baidu (BIDU)

Why It Is Dropping: Digital search giant Baidu (NASDAQ:BIDU) has been weak for a few reasons.

First, the company’s main AI guy, Andrew Ng, left the company, denting the company’s long-term growth prospects in its biggest potential growth market.

Second, trade war risks have elevated over the past several months.

Third, Google (NASDAQ:GOOG) is jumping back into the China market, and that provides a renewed competitive risk for Baidu which the company hasn’t faced in several years. All together, BIDU stock is 20% off its 2018 highs.


Why It Will Rebound:

1. It has secured multiple AI-partnership wins since the company’s main Ng departed.

2. As a China-specific company, Baidu is also largely sheltered from trade war risks rearing their ugly head.

3. And, this isn’t Google’s first foray in the China digital search market. Other attempts haven’t been so successful, and there isn’t any reason to believe this time will be any different.

Overall, the risks attached to BIDU stock at the present moment are overstated. Meanwhile, this overstating of the company’s risk profile has caused the stock’s valuation to drop 20x forward earnings. That multiple is dirt-cheap for 30%-plus revenue and profit growth.

As such, upside here will likely be driven by a combination of earnings growth and multiple expansion.

Source: Investor Place
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Re: Baidu (BIDU)

Postby winston » Wed Oct 31, 2018 8:21 pm

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Baidu books 12.4b yuan profit for third quarter

Chinese online search giant Baidu said today net profit for the third quarter jumped by 56 percent on continued robust growth in revenue and traffic to its mobile app.

Net income grew to 12.4 billion yuan (US$1.78 billion) for the three months ending September 30.

The Beijing-based, Nasdaq-listed company credited "impressive" gains in its search function, news feed, and the new artificial intelligence (AI) projects that Baidu is staking its future on, AFP reports.

Quarterly revenues remained strong, growing by 27 percent year-on-year to 28.2 billion yuan, Baidu said in an statement.

"Feed revenue has been a bright spot in driving Baidu's revenue growth due to robust user traffic growth, as well as strong traction with Baidu's video offerings," chairman and chief executive Robin Li said in the statement.

Baidu is seeking to reposition itself from a heavy reliance on the search-engine business toward technologies used in AI, which China's government wants the country to become a leader in.

At a developer's conference this year, Baidu showcased upgrades to Baidu Brain, the baseline for its AI services, and DuerOS, a conversational AI system.

"On the AI side, DuerOS continues to see strong adoption with an installed base reaching 141 million and voice queries surpassing 800 million in September 2018," Li said.

Baidu’s businesses "began to feel he impact of policy changes... as well as general uncertainties from a potential trade war,” chief financial Officer Herman Yu said on a call with analysts after the firm released its earnings results, Reuters reports. "We expect this trend to continue.”

Baidu’s U.S.-listed stock was down by 1.4 percent in after-hours trading. The stock has fallen more than 20 percent since the beginning of the year, mirroring similar losses at peers Alibaba Group Holding Ltd and Tencent Holdings.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... r=20181031
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Re: Baidu (BIDU)

Postby winston » Wed Oct 31, 2018 8:37 pm

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Don’t Expect Earnings to Save Baidu Stock

by Vince Martin

Quarterly revenues remained strong, growing 27 percent year-on-year to 28.2 billion yuan, Baidu said in an statement. It follows second-quarter earnings that were up 32 percent.

Daily active users of the Baidu App averaged 151 million in September 2018, up 19 percent year-on-year, but down from a peak of 161 million reached in August.




Source: Investor Place

https://finance.yahoo.com/news/baidu-pr ... nance.html
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Re: Baidu (BIDU)

Postby winston » Tue Nov 20, 2018 8:28 am

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Baidu (BIDU)

Unlike BABA, Baidu (NASDAQ:BIDU) stock is cheap. It sells at 15 price-to-earnings ratio. This is low for a successful search engine.

In theory, tariffs shouldn’t even affect BIDU’s business but investors have a tendency to treat all Chinese stocks as one unit on headlines.

With BIDU being a value stock, I am confident betting purely on its chart technical setups.

The sharp declines in BIDU formed a sharp descending wedge. These usually collect energy as they start forming bottoms. The outcome is then often a breakout spike from the descending trend line of lower-highs. Bidu stock stopped setting lower lows so the squeeze is happening.

The smallest bit of positive catalyst will send it higher in bursts to $196 then 206 per share. Above $210, the rally could gather steam to even hit $230. But this is putting the cart before the horse since there are still at least hurdles above current price. Nevertheless the potential is worth the risk.

Source: Investor Place
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Re: Baidu (BIDU)

Postby winston » Wed Nov 21, 2018 10:12 pm

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Baidu Dip: A Conviction Long-Term Buying Opportunity

Nov. 16, 2018

by Victor Dergunov

Summary

Baidu is currently selling at a 35% discount to its all-time highs due to a sell-off in Chinese equities and a rotation out of tech stocks in general.

You wouldn't tell it by the recent price action, but Baidu just delivered a solid earnings report, beating EPS estimates by about 17.5%.

The company is now trading at just 17 times forward estimates (consensus), and is likely to continue to outperform analysts' projections.

Baidu is now essentially trading at the same level as it was 5 years ago, when the company had just 1/3rd of its current revenues.

The bottom line is that Baidu is cheap, and the company's shares are likely to be worth much more several years from now.

Source: Seeking Alpha

https://seekingalpha.com/article/422285 ... ngcom_feed
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Re: Baidu (BIDU)

Postby winston » Wed Nov 28, 2018 8:10 pm

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China Stocks With Long Term Upside: Baidu (BIDU)

Revenue growth is slowing. Margins are under pressure. Forward growth estimates are coming down. Analysts are growing increasingly pessimistic.

But, beyond the noise, the long term fundamentals supporting Baidu stock are still pretty strong. Baidu is China’s Google (NASDAQ:GOOG, NASDAQ:GOOGL), and as China’s Google, Baidu provides the backbone for China’s internet.

Beyond that, Baidu has high-growth cloud, IoT, and AI businesses, the sum of which are still in the early stages of a multiyear growth narrative.

All together, so long as internet usage continues to rise in China and enterprise investment into things like cloud and AI continues to grow, Baidu’s growth fundamentals should remain strong. That is a promising read.

But, the big concern here is margin compression (operating margins were down 500 basis points last quarter). Until those margins reverse course, BIDU stock won’t bounce back.

Margins should bounce back in the medium to long term. Over the next several years, digital advertising, AI, IoT and cloud growth will likely power 15%-20% revenue growth at Baidu. During that stretch, it will be tough for expenses to keep up with revenue.

Right now, Baidu is being weighed by huge losses at iQiyi (NASDAQ:IQ) and big investments into the app ecosystem. Eventually, iQiyi’s margins will improve with scale, and big investments into apps will scale back once the app ecosystem is fully fleshed out. When that happens, these big expenses dragging margins down will phase out, and margins will ramp higher on a much bigger revenue base.

Thus, BIDU stock has big bounce back potential at current levels. The stock won’t realize that potential until margins stabilize and/or the trade situation improves. But, these aren’t a matter of “if.” They are a matter of “when.”

Source: Investor Place
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