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Technology Stocks : Baidu (BIDU)

BIDU 123.61

-0.2%

10:56 AM EST

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To: manalagi who wrote (1421)	10/22/2010 10:13:34 AM
From: manalagi	of 2098

This carries a lot of weight: S&P upgrades Baidu: S&P UPGRADES OPINION ON ADSS OF BAIDU TO BUY FROM HOLD (Standard & Poor's) BIDU posts Q3 per ADS profits of $0.45, vs. $0.21, above our estimate of $0.38. Revenues rose 76%, accelerating sequentially for the 4th straight quarter, as BIDU expands its customer base and grows its spend per client. We are raising our per ADS earnings forecasts to $1.47 from $1.23 for '10, and $2.47 from $1.65 for '11. We are also setting a '12 projection of $3.52. Based on these actions and revised peer analysis, we are increasing our target price to $140 from $90 . We note that BIDU still trades at P/E-to-growth discounts to China/U.S.-based peers. ____________________________________________________________ Those tear drops are from the short sellers. Sometimes you are a winner and sometimes you are a loser. It is always nicer to be a winner.

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