JP Morgan Chase hopeful about the long-term prospects for Baidu
JP Morgan analyst Weddigen (Dick Wei) Investment Report published today that a stable macroeconomic environment in China will support further growth in the performance of Baidu, Baidu long-term growth prospects. Following is the summary of the report:
Baidu first quarter 2009 incomes of 810.7 million yuan (about 118.6 million U.S. dollars), down more than 10 per hundred Central, an boost of 41%, higher than analyst anticipations of 115.2 million U.S. dollars; weak profits per share of 0.76 U.S. dollars, string of connections down 37.3% year-on-year boost of 26.9%, in line with analyst expectations.
Baidu anticipates income in 2009 for the second quarter from 157,000,000 to 161,000,000 U.S. dollars, analysts anticipated for the 144.1 million U.S. dollars, we anticipate that for the 157.8 million U.S. dollars. We anticipate Baidu in the second quarter the number of customers and mean income per client will be higher than the first quarter. We anticipate the intermediate period, a steady household macroeconomic natural environment and a good come back on buying into in 2009 will support the development of Baidu performance.
Baidu first quarter of 2009, traffic acquisition costs accounted for 15.3 percent of total revenues, at a high level. We amended the traffic acquisition costs of long-term expectations, Baidu Union members to increase Web site traffic will have a positive impact on the performance of Baidu.
We are hopeful about the long-term prospects for Baidu, the causes include: 1) The Chinese seek market is still at an early stage of development, Baidu is China's premier seek company; 2) phoenix nest on Baidu is far larger than a affirmative influence on the presentation of a contradictory impact; 3) Baidu will enhance R & D and advance efficiency; 4) Baidu is still in the investigation of long-term enterprise possibilities, for example the C2C.
Baidu PEG (earnings relation profits development ratio) of 1-fold, taking into account the development of the Chinese netizens as well as the seek advocating market is still at an early stage of development, we accept as factual that this number is reasonable. Chao-feng and the issue of China's household macroeconomic natural environment will have a affirmative influence on Baidu shares. - 18758
Baidu first quarter 2009 incomes of 810.7 million yuan (about 118.6 million U.S. dollars), down more than 10 per hundred Central, an boost of 41%, higher than analyst anticipations of 115.2 million U.S. dollars; weak profits per share of 0.76 U.S. dollars, string of connections down 37.3% year-on-year boost of 26.9%, in line with analyst expectations.
Baidu anticipates income in 2009 for the second quarter from 157,000,000 to 161,000,000 U.S. dollars, analysts anticipated for the 144.1 million U.S. dollars, we anticipate that for the 157.8 million U.S. dollars. We anticipate Baidu in the second quarter the number of customers and mean income per client will be higher than the first quarter. We anticipate the intermediate period, a steady household macroeconomic natural environment and a good come back on buying into in 2009 will support the development of Baidu performance.
Baidu first quarter of 2009, traffic acquisition costs accounted for 15.3 percent of total revenues, at a high level. We amended the traffic acquisition costs of long-term expectations, Baidu Union members to increase Web site traffic will have a positive impact on the performance of Baidu.
We are hopeful about the long-term prospects for Baidu, the causes include: 1) The Chinese seek market is still at an early stage of development, Baidu is China's premier seek company; 2) phoenix nest on Baidu is far larger than a affirmative influence on the presentation of a contradictory impact; 3) Baidu will enhance R & D and advance efficiency; 4) Baidu is still in the investigation of long-term enterprise possibilities, for example the C2C.
Baidu PEG (earnings relation profits development ratio) of 1-fold, taking into account the development of the Chinese netizens as well as the seek advocating market is still at an early stage of development, we accept as factual that this number is reasonable. Chao-feng and the issue of China's household macroeconomic natural environment will have a affirmative influence on Baidu shares. - 18758
posted by X - Men at
1:46 AM
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