BIDU

Baidu Shs -A- Sponsored American Deposit Receipt Repr 1/10 Sh -A-

TMT


Presented:03/24/2017
Price:$168.26
Cap:$58.58B
Current Price:$93.97
Cap:$27.45B

Presented

Date03/24/2017
Price$168.26
Market Cap$58.58B
Ent Value$51.42B
P/E Ratio33.83x
Book Value$38.24
Div Yield0%
Shares O/S348.16M
Ave Daily Vol2,124,508
Short IntN/A

Current

Price$93.97
Market Cap$27.45B
Baidu, Inc. operates as an internet search provider, which offers internet search solutions and online marketing solutions. It operates as an e-commerce platform with an online payment tool, develops and markets web application software, and provides human resource related services. The company operates through the following segments: Search Services, Transaction Services and iQiyi. The Search Services segment includes the traditional search engine related businesses such as auction-based P4P services and display-based online advertising services. The Transaction Services segment includes the newly developed internet businesses such as services provided by Baidu Nuomi, takeout delivery services and other online-to-offline services. The iQiyi segment engages in the online video business. Baidu was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.

Publicly traded companies mentioned herein: Alphabet Inc (GOOGL), Baidu Inc (BIDU), Ctrip.com (CTRP), Tencent Inc (700 HK)

Highlights

The presenter is long shares of Baidu (BIDU), anticipating a positive inflection driven by recovering core search margins as BIDU laps incidents from last year, as well as positive impact from exiting money losing O2O businesses. The presenter believes BIDU shares could be positioned to double in value from $160 today to over $300 as it moves more in line with search peers like Google and Yandex. In addition, various BIDU cash and asset holdings could total up to another $100 of value per share.

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Idea Discussion

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