BIDU: BIDU Continues To Invest In New Businesses For Future Growth; Near Term Pressure From Weaker Economy And Clean Up In Entertainment
BIDU will report 3Q21 results on November 17th before the markets open with an 7:30am EST conference call. We are neutral on BIDU’s 3Q21 performance in the near-term as two negative factors impacted its advertising and online video business, including the clean-up in the entertainment area and weaker economy in China. We are positive for its long-term outlook as the company continues to invest heavily in unmanned driving and AI cloud, which we believe are new growth engines for BIDU.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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