Baidu (BIDU)

Re: Baidu (BIDU)

Postby winston » Tue Feb 01, 2011 8:33 am

Baidu forecasts above Street, shares jump

SAN FRANCISCO (Reuters) - Baidu Inc breezed past Wall Street financial targets in the fourth quarter as the No. 1 Internet search engine in China benefited from a sharp increase in advertising spending by its customers.

Shares of Baidu, a favorite pick of hedge funds, rose 7.5 percent to $116.90 following the earnings report on Monday. Options traders predicted before the results that the stock might break out of its recent five-month trading range.

Baidu, which has increased its focus on e-commerce and online video, grabbed more market share last year after rival Google Inc curtailed its operations following a high-profile fallout with Beijing over censorship.

Despite highlighting new investments, Baidu said growth should continue, forecasting revenue for the first quarter between $360.6 million and $371.2 million, ahead of the average analyst forecast of $354.2 million.

Baidu cited continued improvement in "monetization" for nearly doubling fourth-quarter revenue from the year-ago period.

"Baidu still benefits from the lack of competition from Google," said Auriga USA analyst Tian Hou.

Baidu said its revenue per online marketing customer increased roughly 56 percent in the fourth quarter, while the company's number of online marketing customers grew nearly 24 percent year-over-year to about 276,000 customers.

Auriga's Hou noted that the competitive landscape will become more challenging in 2011 as Google revises its China strategy and as Alibaba Group's Taobao increasingly competes with Baidu for certain customers.

In December, a top Baidu executive told Reuters that he saw growth moderating in 2011 due to a higher comparison base and a lack of unique catalysts.

China is the world's largest Internet market with more than 450 million Web surfers. In the fourth quarter, its search market grew 66.8 percent over the previous year to 3.3 billion yuan ($500 million). Baidu had 73 percent of the market while Google had 24 percent, according to technology research firm iResearch.

Beijing-based Baidu's fourth-quarter net income rose to $175.9 million, or 50 cents a share, from $62.7 million, or $1.80 a share, a year ago, before a 10-for-1 stock split. That beat analysts' average forecast of EPS of 45 cents.

Baidu said its revenue per online marketing customer increased roughly 56 percent in the fourth quarter, while the company's number of online marketing customers grew nearly 24 percent year-over-year to about 276,000 customers.

Total revenue in the fourth quarter totaled $371.3 million compared with $184.7 million a year ago. Analysts, on average, had expected revenue of $360.3 million, according to Thomson Reuters I/B/E/S.

Shares in Baidu ended regular trading up 2 percent at $108.63 on Nasdaq.

Source: Reuters US Online Report Technology News
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Re: Baidu (BIDU)

Postby iam802 » Mon Apr 25, 2011 5:21 pm

China to punish Baidu for illegal music search service: report

http://www.reuters.com/article/2011/04/ ... G420110425
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Re: Baidu (BIDU)

Postby winston » Thu Jun 09, 2011 8:21 am

THE BAIDU UPTREND IS CRACKING

After pacing the market for two years, one of the great China "momentum" stocks is struggling…

When it comes to gauging the market's appetite for riskier, high-growth stocks, it's tough to find a better tool than shares of Baidu (BIDU), China's "Google." The company offers traders and investors an extraordinary promise of growth: Over one billion people entering the global economy… and searching the Internet for the first time.

For the past few years, the market has gone wild for this promise. BIDU rebounded more than 10-fold off its post credit-crisis lows. It's been one of the "generals" leading the market higher and higher. But now the stock is trading for more than 60 times earnings… and its trend is showing its age. The stock just "broke down" to reach its lowest low in two months.

This bit of price weakness is worth keeping an eye on. BIDU is one of the great glamour stocks of Chinese growth. At best, the stock's struggle is a sign the China trade is taking a short-term break. At worst, it's a sign this area of the market is starting a massive correction.


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Re: Baidu (BIDU)

Postby winston » Wed Aug 31, 2011 9:48 am

Baidu

Baidu (NASDAQ:BIDU) has inked a deal with BMW to provide its search services inside its vehicles sold in China. The two will work on a platform that will enable car owners to read email, view maps and access other information.

Also this week, Baidu acquired about 40% of Chinese e-book seller Fanshu.com. Both these developments are a positive for the company.

There also is a rumor circulating in China that Baidu will acquire Toudu, one of the leading online video Web sites in China. Toudu is filing for an IPO next week. However, in the current market situation, I am skeptical of how well the IPO will be received. As a result, Baidu might step in.

I think the deal would make sense for Baidu, whose Qiyi video service continues to gain steam in challenging Youku (NYSE:YOKU) and Sohu (NASDAQ:SOHU) for online video supremacy. However, for now this remains unconfirmed, and Toudu is moving forward with its IPO plans


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Re: Baidu (BIDU)

Postby iam802 » Wed Sep 07, 2011 2:41 pm

Chinese search engine Baidu launches Yi OS, partners with Dell on devices (update)


http://thisismynext.com/2011/09/05/baid ... l-partner/

Baidu, a company primarily known for its search engine in China, has announced that it is launching a new mobile operating system: Yi. The new OS is to be forked off of Android and Baidu will be providing its own apps and services in lieu of Google’s apps. Those apps should include Baidu-based maps, ebooks, downloadable music, cloud storage, and cloud backup. There will also apparently be a custom SDK and app store for the platform.

Custom forks of Android are nothing new in China (OPhone is a good example), but it looks pretty clear that Baidu is going to put some muscle behind its new platform. In fact, a report today from Reuters notes that Dell is a partner in building both tablets and handsets for Baidu. It looks likely that this will mean Dell is going to build devices based on Yi, but we’ve reached out for official confirmation. “Local sources” suggest that its even possible we may see these devices launch as early as November.

In the meantime, check out a promo video for Yi after the break.

Update: Baidu PR just got back to us — they would not confirm or deny whether Dell is building devices specifically for the Yi platform, but confirmed that Dell is one of many hardware partners that the search company works with.

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Re: Baidu (BIDU)

Postby winston » Fri Sep 30, 2011 8:19 pm

ONE OF THE GREAT "CHINA STORIES" IS LOOKING BEARISH

Chinese stocks are so weak, even Baidu is getting bearish.

As the leading Chinese Internet search firm, Baidu (BIDU) is a mainstay on our watch list.

With a market share of at least 75%, it's the "Google of China"… and one of the market's most popular growth stocks.

Trouble is, "popular" almost always means "expensive and risky" in the market. Baidu trades at a sky-high valuation of over 20 times sales.

Baidu's high profile makes it a good gauge for the market's appetite for risk. When traders want to go "risk on," they buy stocks like Baidu.

When traders want to go "risk off," they abandon stocks like Baidu. This makes the stock prone to huge booms and busts.

As you can see from today's chart, Baidu is suffering from a bad case of "risk off." The stock enjoyed a huge uptrend from early 2010 to mid-2011, climbing 300%. But in the past few weeks, this uptrend has ended.

Yesterday, shares plummeted 11% and struck a nine-month low. Considering how expensive the stock is, and how China's economy is slowing, this stock has a lot farther to fall.

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Re: Baidu (BIDU)

Postby winston » Fri Oct 28, 2011 5:50 am

Baidu Q3 beats, sees strong Q4 sales

(Reuters) - China's largest search engine Baidu Inc reported an 80 percent rise in quarterly profit, shrugging off a spate of negative publicity to beat Wall Street forecasts, boosted by advertising spending at e-commerce companies.

Shares of Baidu, a favorite pick of hedge funds, rose 10 percent in extended trade Thursday.

Baidu said it expects fourth-quarter revenue of $691.4-$711.0 million, above analysts' forecasts of $649.5 million, according to Thomson Reuters I/B/E/S.

For the third quarter, Baidu reported net income of $295 million, or 84 cents per share. On an adjusted basis, the company earned 86 cents a share in the period.

Analysts on average expected the company to post a profit of 83 cents a share.

Total revenue rose 85 percent to $654.7 million, above its own forecast of $611.1 million to $626.6 million.

Shares in Baidu, whose name is taken from an ancient Chinese poem, closed up 6 percent at $138.39 on Nasdaq. They have gained 36 percent so far this year.

Source: Reuters US Online Report Technology News
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Re: Baidu (BIDU)

Postby winston » Fri Oct 28, 2011 11:21 am

Trading Range: US$100 to US$165

Ray Barros on CNBC
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Re: Baidu (BIDU)

Postby winston » Mon Oct 31, 2011 12:00 pm

not vested

Baidu (BIDU US, Buy) - Demand environment remains robust( USD138.39 / PT: USD200.00 )
Action: Maintain Buy

Baidu’s total 3Q revenue significantly beat its guidance at CNY4,175mn, +22.3% q-q growth vs guidance of 15.7-18.6% q-q growth; thus, another quarter where Baidu exceeded estimates and guidance.

We estimate the strong demand outlook among larger SMEs remains intact as new customers grew at 2.0% q-q, while revenues per customer continued its strong growth, increasing 19.8% q-q.

Source: Nomura
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Re: Baidu (BIDU)

Postby winston » Tue Dec 20, 2011 9:14 pm

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CHINA IS SO WEAK, EVEN THE GREAT BAIDU IS STRUGGLING

Chinese stocks are so weak, even the mighty "Baidu" is ready to topple over…

Last week, we highlighted the bear market action in China's benchmark Shanghai Index… the most widely followed gauge of mainland China stocks. The index is under brutal selling pressure right now.

Just last week, fears of an economic slowdown sent the index plummeting to a two-year low. The selling pressure is even hitting Baidu.

Most traders know Baidu as the "Google of China." The company enjoys a better-than-75% share of the country's Internet search market.

Since China has more Internet users than the population of the U.S., it's a heck of a growth story. This great "story" is why Baidu skyrocketed more than 400% from mid-2009 to mid-2011.

It's also why everyone on Wall Street loves the stock… and almost always bids it to "nosebleed" valuation levels. The company trades for over 15 times sales (that's sales, not earnings).

As you can see from today's two-and-a-half-year chart of Baidu, there's no big breakdown here yet… But the stock is looking "toppy."

It has recently put in a bearish series of "lower highs and lower lows." A study of the stock's trading volume shows the "big money" is selling right now.

Should the China miracle turn out to be "less of a miracle" over the next year… Baidu stock, the crowd that loves it, and its hefty valuation will be in for a big fall.

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