New Street Research - Baidu Inc Sponsored ADR Class A (K3SD) ... China Internet Daily (31 August 2018)

Report

New Street Research

Iain Johnston

EUR 1164.20 For Business Accounts Only

China Internet Daily (31 August 2018)

China Issues New Regulations Limiting Online Gaming to Safeguard Children's Eyesight

31/08/2018 8 EN

Underlyings

Baidu Inc Sponsored ADR Class A

See profile

US0567521085 Singapore Exchange Cayman Islands

TENCENT

See profile

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Iain Johnston

Other Reports on these Companies

New Street Research

BIDU 1Q24 Preview: Ad Recovery Could Take Time

What’s New: We nudge down our 1Q24 Baidu Core top-line estimates as ad recovery could be slower than anticipated. Margins could remain stable as Baidu could continue to be prudent in its overall investments. Analysts: Jin Yoon

April 9, 2024 April 9, 2024 1 EN

UOB

China Internet: Rewarding shareholders in 2023; emerging strategic growth prospects in 2024.

Given the stabilising revenue growth and abundant cash on hand, mega-cap internet companies have been focusing on offering generous shareholder returns. For 2024, we expect consumption behaviour to switch to service and experience, which will continue to benefit OTA players. We believe other China internet names will outperform with overseas expansion and SFV players will continue to gain market shares with potential for take rate increases. Maintain MARKET WEIGHT.

April 8, 2024 April 8, 2024 1 EN

New Street Research

BIDU 4Q23 Results: Visibility Remains Limited

What’s new: Baidu’s reported 4Q23 top-line results were largely in-line with consensus and our expectations. Near-term visibility remains limited amid uncertainties in macro. Margins could remain stable as investments in AI-related initiatives could be offset by continued business optimization. We maintain our PT at USD200. Analysts: Jin Yoon

February 29, 2024 February 29, 2024 1 EN

Besi 1Q24: Extended downturn; hybrid bonding in HBM still on; thesis intact.

Besi reported 1Q24

1h / 29m 1h / 29m 1 EN

Dan Salmon

Dan Salmon

Meta Platforms (META, Buy, $600 target) First Take: Investment cycle commentary spooks

What’s New: In this first take following tonight’s results, we touch on: 1. Higher 2024 capex will drive increased investor focus on the R in ROI on generative AI 2. So, what AI initiatives could drive new revenues in 2024? 3. 1Q24 actual revenue and 2Q24 guidance strong, but not enough for the biggest Bulls 4. No updates on the $10B Contribution Club, but Meta Lattice highlighted for ad impact 5. Paid Messaging on WhatsApp is a $1 billion business, slightly above our estimate 6. Expense guidance range tightened at low-end due to infrastructure and legal 7. Capital returns largely as expected...

EUR 9337.00

4h / 42m 4h / 42m 1 EN

Jonathan Chaplin

Jonathan Chaplin

AT&T Model Update

What's new: This note covers changes to the model after results. We increased postpaid phone adds, FWA adds, Consolidated EBITDA, and FCF slightly. We also lowered fiber adds slightly. Consensus EBITDA likely increases, with a more valuable business mix. No change to thesis. Neutral: $21 (+30% total return).

EUR 9337.00

11h / 6m 11h / 6m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

China Internet Daily (31 August 2018)

BIDU 1Q24 Preview: Ad Recovery Could Take Time

China Internet: Rewarding shareholders in 2023; emerging strategic growth prospects in 2024.

BIDU 4Q23 Results: Visibility Remains Limited

Besi 1Q24: Extended downturn; hybrid bonding in HBM still on; thesis intact.

Meta Platforms (META, Buy, $600 target) First Take: Investment cycle commentary spooks

AT&T Model Update

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe