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Re: Baidu (BIDU)

PostPosted: Wed Feb 20, 2019 11:47 pm
by winston
vested

You're Hating Baidu Stock at the Worst Possible Time

Short interest on China's leading search engine is at a 52-week high just as its stock is hovering near its 52-week low.

by Rick Munarriz

Its guidance four months ago was calling for a 15% to 20% uptick in revenue -- or 20% to 26% adjusted for asset sales over the past year.

Wall Street's been whittling down its target, and it's now eyeing just 14% in revenue growth.


Source: Motley Fool

https://www.fool.com/investing/2019/02/ ... e-tim.aspx

Re: Baidu (BIDU)

PostPosted: Wed Feb 20, 2019 11:59 pm
by winston
vested

Challenges In Sight For Baidu

Feb. 18, 2019

by Dominic Teo


Summary

Recent developments in China concerning the public perception of Baidu as a search engine has soured dramatically.

Increasing competition, not from Google, but WeChat, makes the PR headache an inopportune nightmare for Baidu.

It remains to be seen if this is a temporary problem (such as the 2016 fiasco) or a permanent and existential crisis.

Its iQIYI and Apollo program are still a mixed bag with positive news but worrying ones as well (competition and costs).

Source: Seeking Alpha

https://seekingalpha.com/article/424195 ... ngcom_feed

Re: Baidu (BIDU)

PostPosted: Thu Feb 21, 2019 10:22 pm
by winston
vested

Baidu: A Chinese Staple That Faces Short-Term Headwinds

Feb. 20, 2019

Summary

Baidu is a staple Chinese company with high brand recognition.

There are competitors, some of which are beginning to pressure the current operations and the future of search within China.

Baidu trades at attractive multiples based on historical data, but there are future obstacles that need to be assessed in order to determine value.

Short-term headwinds including:-
1. Trade war
2. Slowing economy
3. Slump in advertisement demand
4. Increased competition
5. Centralizing services

Recently, analysts have been worried about the rise in popularity of competitor Sogou (SOGO). I do not foresee Sogou to be the issue, as the company is forecasting very slow growth (single digits). Rather, I am more worried about Alibaba's (BABA) Shenma platform, but less so than I was a year ago.

Shenma has been in existence for years, but Alibaba is beginning to up its investment in order to create an all-encompassing mobile ecosystem.

As of the latest quarter (Q318), online marketing services represented 80% of total revenues. As of year-end 2017, mobile revenues composed 76% of total revenues.

Shenma operates the UC Browser, which is the 2nd most popular browser within China, owning just over 12% of the market.

This leads to a second fear, and that is Tencent (OTCPK:TCEHY). Tencent is another powerhouse within China and owns the QQ platform. QQ owns and operates the QQ Browser, which is comparable to UC Browser in terms of market share. However, Tencent also owns WeChat, which is the most popular social media platform in the country.

Baidu is also not sitting idle - rather, it has partnered with JD.com (JD) in order to integrate its marketplace into Baidu's app.

Valuation
P/E for the stock is also trading at more than a 50% discount based on 5-year averages, and even the forward P/E is low when we consider the PEG ratio, which currently sits below 1 (indicating undervaluation based on growth).

There is more to Baidu than just ads though. I did not mention DuerOS, iQiyi, or Apollo.

Source: Seeking Alpha

https://seekingalpha.com/article/424268 ... ngcom_feed

Re: Baidu (BIDU)

PostPosted: Thu Feb 21, 2019 10:26 pm
by winston
vested

Baidu Q4 Earnings Preview

Feb. 20, 2019

By Niloofer Shaikh


Baidu (NASDAQ:BIDU) is scheduled to announce Q4 earnings results on Thursday, February 21st, after market close.

The consensus EPS Estimate is $1.77 (-22.7% Y/Y) and the consensus Revenue Estimate is $3.89B (+7.5% Y/Y).

Over the last 2 years, BIDU has beaten EPS estimates 100% of the time and has beaten revenue estimates 38% of the time.

Source: Seeking Alpha

https://seekingalpha.com/news/3435070-b ... gs-preview

Re: Baidu (BIDU)

PostPosted: Fri Feb 22, 2019 7:43 am
by winston
vested

Baidu beats estimates on strong growth in marketing business

(Reuters) - Chinese search engine operator Baidu Inc (NASDAQ:BIDU) beat Wall Street estimates for fourth quarter revenue and profit on Thursday, aided by strong growth in its online marketing business.

Revenue for the segment rose nearly 4 percent to 21.2 billion yuan ($3.15 billion) in the quarter ended Dec. 31.

The company's U.S.-listed shares were up nearly 3 percent to $176.75 in extended trading.

Baidu forecast first quarter revenue between 23.5 billion yuan and 24.7 billion yuan, while analysts had expected 24 billion yuan, according to IBES data from Refinitiv.

The company in October had forecast fourth-quarter sales below analyst estimates, citing policy changes and the trade war.

Total revenue rose about 15 percent to 27.2 billion yuan, beating estimates of an 11.4 percent rise.

Net income attributable to the company fell to 2.08 billion yuan ($309.55 million) in the quarter, from 4.16 billion yuan a year earlier.

Excluding items, the company earned 13.18 yuan per American depositary share, beating estimates of 11.83 yuan per ADS.

Source: Reuters

https://www.investing.com/news/technolo ... nt-1786918

Re: Baidu (BIDU)

PostPosted: Fri Feb 22, 2019 11:06 pm
by winston
vested

Baidu Grows in Q4 but Will Slow in Q1

China's leading search engine reported healthy growth in its latest quarter, but deceleration could once again be an issue in the current quarter.

by Rick Munarriz

Revenue rose 22% to hit the U.S. equivalent of $3.96 billion for the quarter, well ahead of the 15% to 20% that it was targeting nearly four months ago.

Baidu was able to deliver expectations-thumping growth despite Baidu Core -- its flagship online search business that accounts for roughly three-quarters of its revenue -- and saw its top-line contribution slow to a 14% advance.

Baidu sees revenue climbing 12% to 18% for the first quarter, up 18% to 24% adjusted for its divestitures.


Source: Motley Fool

https://www.fool.com/investing/2019/02/ ... lrf0000001

Re: Baidu (BIDU)

PostPosted: Fri May 17, 2019 1:46 pm
by winston
not vested

Baidu swings to net loss for first time since listing, shares fall

Baidu reported a net loss attributable to shareholders of 327 million yuan ($47.51 million) for the three months through March 31, versus profit of 6.69 billion yuan in the same period a year prior. The loss was its first since going public in 2005.

Revenue from online marketing services, a key contributor to overall sales, rose nearly 3%, falling slightly short of analyst estimates compiled by researcher FactSet.

Total revenue grew 15.4%, matching estimates, according to data from Refinitiv IBES

Excluding one-off items, Baidu earned 2.77 yuan per American depositary share, falling short of analysts' 2.89 estimate.


Source: Reuters

Baidu swings to net loss for first time since listing, shares fall
Reuters ReutersMay 17, 2019

Re: Baidu (BIDU)

PostPosted: Sun May 19, 2019 4:21 pm
by winston
not vested

Baidu Inc (BIDU)

BIDU operates a search engine just like GOOG. And just like GOOG in the U.S., the Chinese firm is the top dog when it comes to search in the nation.

Right now, BIDU controls more than 80% of the search traffic in China. With more than 731 million internet users — a figure that is growing as access expands — BIDU commands the attention of a lot of eyeballs. This means there’s plenty of ad data to be had.

And like GOOG, those ad sales pull in a ton of cash. Last year, Baidu’s clocked in roughly $14.88 billion. That was a 28% year-over-year jump and mostly due to the firm’s ad sales.

Meanwhile, BIDU has continued to expand into some other lucrative areas. This includes video with its iQiyi (NASDAQ:IQ) subsidiary as well as A.I. and autonomous vehicles. This all should sound very familiar to Google stock investors.

The best part is, most of BIDU’s operations shouldn’t be affected too heavily by the trade war. People will still search for funny cat videos and the news regardless of how steel prices are reacting.

Under that guise, Baidu could be a bargain among Chinese stocks. With its 36% estimated EPS growth in 2020, BIDU stock trades at dirt cheap forward P/E of just 11.5.

Source: Investor Place

Re: Baidu (BIDU)

PostPosted: Thu Jul 04, 2019 7:08 am
by winston
not vested

The rise and fall of Chinese search engine giant Baidu

by Assif Shameen

In mid-May, Baidu reported that it lost US$49 million ($66.4 million) in the last quarter, the first time it has been in the red since its 2005 listing on Nasdaq.

While its core revenues grew 16%, earnings plunged 66% because of heavy marketing expenses, which nearly doubled in the previous year.

Analysts now expect Baidu’s revenues to grow 7.5% this year to US$16.01 billion as earnings plunge 77%.

Baidu stock is down nearly 60% from last year’s peak — and down 39% over the past five years — making it the world’s worst-performing large-cap tech stock.


Baidu’s share of digital ads in China has fallen from 32% in 2013 to 18% currently, including that of its subsidary iQiyi.

Alibaba now has the largest share of digital advertising, with 37% of ads; Byte­dance, which owns both Toutiao and Douyin, is second, with a 21% share of digital ads; and Tencent is fourth, with a 15% share of the market.


Its stakes in iQiyi and Ctrip.com are worth a combined US$10.8 billion, and it has US$10.5 billion net cash on its balance sheet. Li is hoping that his big bets on AI and driverless cars and cloud infrastructure will eventually bear fruit.


Source: The Edge

https://www.theedgesingapore.com/views/ ... 401b309bc7

Re: Baidu (BIDU)

PostPosted: Mon Aug 19, 2019 10:58 pm
by winston
not vested

Baidu has lost over $60 billion in value since its peak — now earnings are expected to fall further

by Arjun Kharpal

KEY POINTS

Baidu reports second-quarter earnings on Monday with the search giant expected to show a sharp fall in earnings.

The internet giant’s market value has dropped over $60 billion since its peak in May 2018.

The company is facing increased competition for advertising dollars but it is focusing on new artificial intelligence products that could pay dividends in the future.

Baidu was slow to respond to the growth of mobile and has faced growing competition from new entrants, such as TikTok parent ByteDance.

Baidu has been investing heavily in its own mobile offering. It has an app where users can search and watch videos as well as a number of other functions. The company announced last week that the number of daily active users on the app had surpassed 200 million.

It has introduced features such as mini programs which is an app within the app — something that WeChat has on its platform already.


Source: CNBC

https://www.cnbc.com/2019/08/19/baidu-q ... rofit.html