IB Net Payout Yields Model

Baidu: Resuming Growth In 2023


Update - Dec. 27

China setting up for a big recovery in 2023 in a very bullish sign of a big rebound in the business of Baidu. 

-Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), Baidu (NASDAQ:BIDU) and several other Chinese tech stocks rose in premarket trading on Tuesday as the country eased up on restrictions for international travelers and continued to remove the majority of its zero-COVID policies that have plagued the country's economy.

-On Monday, the National Health Commission said it would no longer require inbound travelers to head into quarantine, starting January 8. Instead, travelers entering China will have to show a negative PCR test 48 hours before entering the country.

-COVID-19 was also downgraded to a Category B virus, down from a Category A level, the commission added, as it has become less virulent and likely to become a common respiratory virus.
Original article published on Dec. 26. 

  • Baidu should see a rebound in the digital ad market similar to the jump in 2021 before covid lockdowns in 2022 disrupted growth again.
  • Apollo Go remains a massive growth driver in the years ahead as Baidu accelerates launch in additional areas.
  • The stock is cheap at just 12x '23 EPS targets while Baidu has catalysts for strong growth.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
After a few dismal years for Chinese stocks, Baidu (NASDAQ:BIDU) is set up for a much better 2023. The stock has already rallied off the 2022 lows, but the company has far more upside with the... 

Read the full article on Seeking Alpha. 

Disclosure: Long BIDU. Please review the disclaimer page for more details. 


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