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JICPT| bloody day for Chinese stocks amid fear of delistingHello everyone. SEC has finalized rule that allow it to delist foreign stocks for failure to meet audit requirement. Rumor has it that the rule is aimed to target Chinese stocks. Didi, a ride-hailing companies listed in US a few months ago, announced on Friday that it plans to delist from New York Stock Exchange. That triggered selloff of Chinese stocks, BABA and Biu were down 8% plus and 7% plus respectively. NIO fell more than 11%. HK stock exchange is where they might go after delisting from US. The key is the Public Company Accounting Oversight Board (PCAOB), which was created in 2002 to oversee the audits of public companies. Chinese regulators repeated denied the requests from PCAOS to inspect the audits of Chinese firms that list and trade in the US. . Don't be too scared it'll take at least 1 year and a few months for SEC to delist companies. However, I can see that decouple is happening right now, like the supply chain. For US investors, better stay away from Chinese stocks listed in the US. If you're keen to hold, just buy those listed in HK market. As mentioned previously in my post, I kept on buying ETF that having exposure to Tencent and BABA listed in HK. The current valuation is really attractive.
NASDAQ:BIDU
by JICPT
8
Revenue Reaches CNY 31.9 Bn as Baidu Announces Q3 2021"Baidu Core delivered another solid quarter, powered by our AI cloud revenue growing 73% year over year," said Rong Luo, CFO of Baidu. "With a diversified AI portfolio, including cloud services, smart transportation, smart devices, self-driving, smart EV and robotaxi, we are well-positioned for long-term growth." Total revenues were CNY 31.9 billion, increasing 13% year-on-year. Revenue from Baidu Core was CNY 24.7 billion, increasing 15% year-on-year; online marketing revenue was CNY 19.5 billion up 6% year-on-year and non-online marketing revenue was CNY 5.2 billion, up 76% year-on-year, driven by cloud and other AI-powered businesses. Revenue from iQIYI was CNY 7.6 billion, increasing 6% year-on-year. Cost of revenues was CNY 16.1 billion, increasing 26% year-on-year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business. Research and development expense was CNY 6.2 billion increasing 35% year-on-year, primarily related to personnel-related expenses. Operating income was CNY 2.3 billion. Baidu Core operating income was CNY 3.7 billion and Baidu Core operating margin was 15%. Non-GAAP operating income was CNY 4.7 billion. Baidu Core non-GAAP operating income was CNY 5.8 billion and Baidu Core non-GAAP operating margin was 24%. For the fourth quarter of 2021, Baidu expects revenues to be between CNY 31.0 billion and CNY 34.0 billion, representing a growth rate of 2% to 12% year-on-year, which assumes that Baidu Core revenue will grow between 5% and 16% year-on-year. The COVID-19 situation in China is evolving and business visibility is limited. The above forecast reflects Baidu's current and preliminary view, which is subject to substantial uncertainties.
NASDAQ:BIDU
by EqualOcean
BIDU, swing trade BiDU is looking like it’s getting a great support and awesome R/R. Some February contracts ITM could be making some real money. %%%! Ask for our private room. This one Falls In our research on swing set ups with a good ratio of Risk and Reward. As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio. Subscribe and don’t miss OUT the next research. Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains. Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
NASDAQ:BIDULong
by JhonMontana
BIDU has bottomed, massive Wave 3 incomingFrom the bottom of Mar'20 of 80$, BIDU saw a massive Wave 1 (subdivided into 5 waves). Note that Wave 3 was an exact 261.8% extension of wave 1 & wave 5 was almost a 161.8% extension of Wave 3. Then, a huge A-B-C correction, almost accurately to the 78.6% retracement of the bigger wave 1 (not coincidentally, the pre-pandemic level too!) For the first time since July, the stock went above the 200d ema & has promptly pulled back. This might trade here for a while as there are many resistances above, but there are major support levels too. 175-176 is the next target, followed by 184 & 202 Invalidation level: 138-140 level (PS: Alibaba(BABA) also forming a similar pattern but BIDU is more bullish. BABA badly broke the pandemic low, thanks to disappearance of a special someone) Not an investment advice, I am long on both BIDU & BABA
NASDAQ:BIDULong
by kvsrinie
Baidu Apollo and WM Motor Launch Two New Cars on October 19Baidu Apollo and WM Motor officially released two new cars on October 19, both of which are based on the WM Motor W6 SUV. One is a new generation of the unmanned vehicle Apollo Moon mass production model equipped with LiDAR (Apollo Moon WM Motor version), and the other is a mass-production model equipped with Baidu Apollo Navigation Pilot (ANP) assisted driving system and Apollo Valet Parking (AVP) autonomous parking system. This also means that the cooperation between Baidu and WM Motor has completed full coverage from AVP and ANP to completely unmanned Apollo Moon models. According to Baidu, the Apollo Moon version of the W6 and WM Motor W6 models with ANP and AVP both adopt the 'ANP-Robotaxi' architecture, which can achieve data generation and share at the same time. The W6 with ANP+AVP model has 12 cameras, 5 millimeter-wave radars and 12 ultrasonic radars with L2+ autonomous driving capabilities, which means that it can realize higher-level pilot-assisted driving capabilities such as intelligent avoidance, autonomous lane changing, driving through on- and off-ramps and access to service areas. The Apollo Moon version of the W6, on the other hand, adds one custom LiDAR system and corresponding driverless redundancy to the ANP+AVP version, allowing for fully driverless capability. It adopts a range of 46 safety technologies and 59 travel service designs with full sensor and computing unit redundancy. Even if one system fails, it can ensure that the whole vehicle still carries out driving commands and brings passengers to a safe place. At the same time, for the Apollo Moon version of the W6, all the sub-packaging processes before the production line are independently completed by WM Motor, allowing the production process to be further optimized. Baidu also claimed the robotaxi can achieve an operating cycle of more than five years and can be put into large-scale stable operations.
NASDAQ:BIDU
by EqualOcean
Go to the ATH!The paper has formed a good uptrend. A fixing above the support level 171 would give a positive signal for a long-term buy long. Fundamentals are also good, Chinese companies start to recover, you can pick up with a good discount and wait for new ATH. On targets: the nearest unloading I plan on the mark of 230 dollars (+35%). ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NASDAQ:BIDULong
by QuantumLabSignals