BIDU: Short Term Upside From Search Recovery And Better Earnings; Long Term AI Applications and EV Cars Are Driving Multiple Expansions
BIDU will report 4Q20 results on February 17th after the market closes followed by an 8:15pm EST conference call. While we expect BIDU to deliver better 4Q20 results based on our data, we believe this earnings call is likely to focus on its AI, EV car initiative and SIM card initiatives. In the near term, the positive earnings are likely to provide support to its stock price, while in the longer term, the new initiatives are likely to provide multiple expansions.
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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