BIDU
Baidu Shs -A- Sponsored American Deposit Receipt Repr 1/10 Sh -A-
TMT
06/16/2015
Presented
| Date | 06/10/2015 |
| Price | $206.77 |
| Market Cap | N/A |
| Ent Value | $67.87B |
| P/E Ratio | 28x |
| Book Value | $155.34 |
| Div Yield | N/A |
| Shares O/S | 351.23M |
| Ave Daily Vol | 3,250,000 |
| Short Int | 0.91% |
Current
| Price | $93.97 |
| Market Cap | $27.45B |
| Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, including Web pages, news, images, documents, and multimedia files through links provided on its Website; and international products and services to users in other countries. The company also provides search products, social-networking products, UGC-based knowledge products, location-based products and services, entertainment products, security products, mobile related products and services, products and services for developers and Webmasters, and other products and services, as well as products and services provided by its associated or cooperative Websites. In addition, it offers online marketing services based on search queries, contextuals, audience attributes, media and placement attributes, and other forms; and value-added consultative services. The company serves online marketing customers, including SMEs, large domestic companies, and Chinese divisions and subsidiaries of multinational corporations operating in the medical and healthcare, tourism and ticketing, education, software and online games, machinery and equipment, network service, transportation, construction and decoration, financial services, business services, and franchising industries. It sells its online marketing services directly, as well as through its distribution network. The company was formerly known as Baidu.com, Inc. and changed its name to Baidu, Inc. in December 2008. Baidu, Inc. was founded in 2000 and is headquartered in Beijing, the People’s Republic of China. |
Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Baidu Inc (BIDU), Ctrip.com International Ltd (CTRP), Google Inc (GOOG), Qunar Cayman Islands Limited (QUNR)
Highlights
Shares of Baidu (BIDU) have not performed particularly well since the 4th quarter of 2014, but the presenter believes the recent underperformance (shares are off ~15% from recent highs) is a buying opportunity. He is long the stock, and cited a noticeable difference in management’s rhetoric over the past few weeks following alleged bribery issues (May) and most recently Ctrip’s failed attempt to acquire Qunar, which is majority owned by BIDU. In his opinion, it would be logical for a plan to be outlined when Q2 earnings are announced on July 23rd. This should be a positive catalyst and “the increased transparency should help push the stock towards $300”.
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