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 profits of 810.7 million yuan (about 118.6 million U.S. dollars), down more than 10 out of 100 Central, an advance of 41%, higher than analyst prospects of 115.2 million U.S. dollars; thinned returns per share of 0.76 U.S. dollars, flexible chain of bonds down 37.3% year-on-year advance 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 optimistic about the long-term prospects for Baidu, the reasons include: 1) The Chinese search market is still at an early stage of development, Baidu is China's leading search company; 2) phoenix nest on Baidu is far greater than a positive impact on the performance of a negative impact; 3) Baidu will enhance R & D and improve efficiency; 4) Baidu is still in the exploration of long-term business opportunities, such as 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. - 18780
Baidu first quarter 2009 profits of 810.7 million yuan (about 118.6 million U.S. dollars), down more than 10 out of 100 Central, an advance of 41%, higher than analyst prospects of 115.2 million U.S. dollars; thinned returns per share of 0.76 U.S. dollars, flexible chain of bonds down 37.3% year-on-year advance 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 optimistic about the long-term prospects for Baidu, the reasons include: 1) The Chinese search market is still at an early stage of development, Baidu is China's leading search company; 2) phoenix nest on Baidu is far greater than a positive impact on the performance of a negative impact; 3) Baidu will enhance R & D and improve efficiency; 4) Baidu is still in the exploration of long-term business opportunities, such as 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. - 18780
posted by X - Men at
1:21 AM
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