Baidu (BIDU)

Re: Baidu (BIDU)

Postby winston » Fri Feb 17, 2012 2:19 pm

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DJ UPDATE: Baidu Fourth-Quarter Net Profit Surges 77%; Gives Upbeat Revenue Outlook

--Baidu reports surge in fourth-quarter net profit on growing base of advertisers
--Firm gives upbeat outlook forecasting revenue to grow up to 77.7% in the first quarter
--Chief Executive Robin Li says Baidu will continue to explore international opportunities and begin to mobilize growing mobile search traffic

By Paul Mozur, Tess Stynes, and John Letzing

TAIPEI (Dow Jones)--Baidu Inc. (BIDU) said Friday its fourth-quarter net profit surged 77% from a year earlier as the Chinese Internet search giant brought in more revenue from its growing base of advertisers.

The Chinese Internet search giant also forecast revenue to grow by up to 77.7% in the first quarter in a sign that business conditions remain favorable, and vowed to begin work monetizing rapidly growing mobile search traffic.

In a conference call with investors, Baidu Chief Executive Robin Li said profits were driven by a growing number of customers and the willingness of those customers to allocate more funds to online advertising, pointing out that many companies that traditionally advertise offline are increasingly turning to Baidu to grow their brands.

He said the company would continue to explore long-term international opportunities and is seeking to begin monetizing mobile search traffic.

"Mobile will represent an ever larger percentage of our local traffic. In the past, we basically did not spend any resources on monetizing the mobile traffic, but starting from this year we will do something to figure out how to better serve our customers on the mobile platform," he said.

Baidu, which makes most of its revenue from search advertising, has solidified its market lead since U.S.-based rival Google Inc. (GOOG) shifted its local search traffic to Hong Kong in 2010, following a disagreement with Chinese officials over online censorship.

Net profit for the three-months ended Dec. 31 rose to 2.05 billion Chinese yuan ($326.3 million) from CNY1.16 billion a year earlier, while revenue rose 83% to CNY4.47 billion from CNY2.45 billion. Both net profit and revenue were slightly above analyst expectations.

The company also said it expects revenue for its current first quarter to grow 72.2% to 77.7% to between CNY4.2 billion ($666.5 million) and CNY4.33 billion, in line with expectations.

The Beijing-based company said its number of online marketing customers, or companies buying ad placement beside related search results, rose 13% compared to a year earlier. Revenue per online marketing customer grew 62%.
Li estimated the Chinese Internet company currently has 513 million users and Baidu expects to capture the overwhelming majority of new user growth.

In light of the stable growth in search traffic, Baidu has been aggressively expanding its product offerings with investments in travel website Qunar.com Information Technology Co., online video, e-commerce, social networking and its own smartphone software for Chinese users.

Currently Baidu services are featured on 80% of branded mobile handsets in China, he said, adding that the company would focus on mobile products and monetizing mobile search to keep pace with the "astonishing growth" in the Chinese mobile sector.

"Probably over the next three to five years, our resources and emphasis on mobile will continue to be on the user front instead of on the monetization mechanisms," he said.

Chief Financial Officer Jennifer Li said the company expects bandwidth and depreciation costs to continue to rise as it expands infrastructure and adds servers.

For the full fiscal year, research and development expenses rose 85.8% from the prior period and 2011 capital expenditures totaled CNY1.8 billion.

Li said the company, which added 5,200 staff in 2011, would continue to hire, focusing specifically on research and development.

Baidu's U.S.-traded shares rose more than 2% to $144.85 after hours. The shares had closed the regular session at $141.83, up nearly 22% in the year to date.


Source: Dow Jones Newswires
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Re: Baidu (BIDU)

Postby winston » Wed Mar 28, 2012 8:28 am

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Why Baidu Is Still a Buy By Chris Ciaccia

NEW YORK (TheStreet) - Baidu(BIDU_) shares have soared since their IPO in 2005, but analysts believe the Chinese Internet company has much more room to run.

The average analyst polled by Thomson Reuters has a $188 price target on Baidu, and expects a long-term-growth rate of 44.8%.

Baidu is currently expanding into the small and medium enterprise (SME) market, with approximately 300,000 customers, according to Munster, around 1% of the local market. He believes there is significant opportunity in this space, with perhaps as many as 30 million small businesses in China.


The mobile search market has proved to be elusive in terms of generating revenue, despite it accounting for 15% of total Chinese search queries. Baidu may also be strengthening its position in the mobile market.

CNET, for example, reported that Apple(AAPL_) may integrate the Chinese tech giant into its iOS for search. That relationship may expand, as Apple's new iPad was just granted regulatory approval in China.


http://www.thestreet.com/story/11471845 ... a-buy.html
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Re: Baidu (BIDU)

Postby winston » Tue Jul 03, 2012 8:46 pm

CHINA'S GREATEST SUCCESS STORY IS BREAKING DOWN by Larsen Kusick

One of the most popular stocks in China is in danger of toppling.

Most traders know Baidu (BIDU) 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 3,000% from 2006 to 2011. It's also why the stock almost always trades at "nosebleed" valuation levels over 15 times sales.

But as you can see from the chart below, it looks like investors are starting to wonder whether it makes sense "paying up" for Baidu. The bigger Baidu gets, the harder it will be to maintain a turbocharged growth rate… especially when China's economy is slowing.

Shares of Baidu haven't appeared on the 52-week highs list in almost a year. And shares are only a few percent away from breaking down to a new low. Baidu's ugly chart and rich valuation mean danger ahead for this "high flyer."


Source: www.dailywealth.com
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Re: Baidu (BIDU)

Postby winston » Wed Jul 18, 2012 8:12 pm

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"China's Google" sinks… Baidu shares hit a new 18-month low.
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Re: Baidu (BIDU)

Postby winston » Tue Jul 24, 2012 6:28 am

Baidu Gets Bump as Revenue Climbs 60% By Chris Ciaccia

NEW YORK (TheStreet) -- Shares of Chinese Internet giant Baidu(ZNGA_) jumped in late trades Monday following a strong second-quarter earnings report.

Baidu, which derives a significant portion of its revenues from search advertising similar to Google(GOOG_), reported second-quarter earnings of $1.26 per share on $858.8 million in revenue, an increase of 59.8% year-over-year.

http://www.thestreet.com/story/11635084 ... L_atb_html
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Re: Baidu (BIDU)

Postby winston » Wed Jul 25, 2012 9:10 am

Resilient Growth continues

OUTPERFORM - Maintained
Share Price US$107.10
Tgt. US$200.00

--------------------------------------------------------------------------------

Despite the advertising market slowdown, Baidu recorded a 60% yoy growth in 2Q12 revenue and has guided a 50-54% yoy revenue growth in 3Q12.

Efforts to diversify its customer base by focusing on SMEs are clearly paying off in greater resilience during the downturn. 2Q12 net earnings beat our estimates by 15% and consensus by 12% due to lower-than-expected S&M costs and tax reversals.

We raise our FY12 earnings slightly but keep unchanged our target price, based on 30x FY13 P/E.

Maintain Outperform on Baidu with a 87% upside.


Source: CIMB
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Re: Baidu (BIDU)

Postby winston » Fri Aug 24, 2012 7:05 pm

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Baidu sank to a one-month low of $115.09.

Analysts at Deutsche Bank led by Alan Hellawell reduced the recommendation on its American depositary receipts from buy and cut the price target to $137 from $186.

Beijing-based Qihoo, which develops computer security software and desktop products, started a new search engine last week, entering a market where Baidu has an 80 percent share.

“Our channel checks suggest Baidu lost 4-8 percentage points search traffic market share to Qihoo, and we expect Baidu to continue to lose traffic share to Qihoo in the next two quarters,” Hellawell wrote in a research note yesterday, cutting his forecasts for Baidu’s 2013 revenue by 6 percent, and the net income projection by 9 percent.

Source: Bloomberg
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Re: Baidu (BIDU)

Postby winston » Thu Nov 15, 2012 9:11 pm

"China's Google" Baidu breaks down to a two-year low.
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Re: Baidu (BIDU)

Postby winston » Tue Nov 20, 2012 8:46 pm

THE "GOOGLE OF CHINA" IS BREAKING DOWN by Larsen Kusick

Traders take notice… One of China's biggest winners is heading lower.

It's hard to find a bigger success story than Baidu. Traders and investors know the company as "the Google of China."

Baidu spent years holding off Google in the struggle for China's online search market. Google ended up pulling out of China completely in early 2010, sealing the victory for Baidu.

Baidu's rise from underdog status to "Google of China" sent shares up 3,000%-plus from 2006 to 2011. However, Baidu's latest results show the company could be in trouble. D

espite an 80% market share in the online search market, Baidu has lost ground to competitors in recent months.

At the same time, advertisers across China are tightening their budgets. That means less spending on ads that appear alongside Baidu's search results. Investors are also worried that Baidu doesn't have the same monopoly-type status when it comes to using the Internet on mobile phones.

As you can see in today's chart, Baidu's stock is under brutal selling pressure right now. Shares just plummeted to a two-year low.


Source: Daily Wealth
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Re: Baidu (BIDU)

Postby winston » Mon Apr 08, 2013 8:14 pm

"China's Google," Baidu, plunges to a fresh multiyear low… down 44% over the past 12 months.
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