JP Morgan Chase optimistic about the long-term prospects for Baidu
JP Morgan analyst Weddigen (Dick Wei) Investment Report released today that a steady macroeconomic natural environment in China will support farther development in the presentation of Baidu, Baidu long-term development prospects. Following is the abstract 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 charges accounted for 15.3 out of 100 of total profits, at a high level. We altered the traffic acquisition charges of long-term prospects, Baidu Union components to advance Web place traffic will have a optimistic consequence on the recital of Baidu.
We are confident about the long-term prospects for Baidu, the justifications include: 1) The Chinese explore market is still at an early stage of development, Baidu is China's primary explore company; 2) phoenix nest on Baidu is far bigger than a optimistic consequence on the recital of a opposing impact; 3) Baidu will enhance R & D and enhance efficiency; 4) Baidu is still in the search of long-term enterprise chances, for instance the C2C.
Baidu PEG (earnings family member returns expansion ratio) of 1-fold, taking into account the expansion of the Chinese netizens as well as the explore promulgating market is still at an early stage of development, we trust that this diagram is reasonable. Chao-feng and the distribute of China's in the household macroeconomic surroundings will have a optimistic consequence on Baidu shares. - 21393
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 charges accounted for 15.3 out of 100 of total profits, at a high level. We altered the traffic acquisition charges of long-term prospects, Baidu Union components to advance Web place traffic will have a optimistic consequence on the recital of Baidu.
We are confident about the long-term prospects for Baidu, the justifications include: 1) The Chinese explore market is still at an early stage of development, Baidu is China's primary explore company; 2) phoenix nest on Baidu is far bigger than a optimistic consequence on the recital of a opposing impact; 3) Baidu will enhance R & D and enhance efficiency; 4) Baidu is still in the search of long-term enterprise chances, for instance the C2C.
Baidu PEG (earnings family member returns expansion ratio) of 1-fold, taking into account the expansion of the Chinese netizens as well as the explore promulgating market is still at an early stage of development, we trust that this diagram is reasonable. Chao-feng and the distribute of China's in the household macroeconomic surroundings will have a optimistic consequence on Baidu shares. - 21393
posted by X - Men @ 12:15 AM
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