Mizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports_老虎社区_美港股上老虎

Mizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports

StreetInsider2020-11-19

James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top China Internet pick despite negative reports surrounding JOYY, which is in the process of being acquired...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

wfr738
·2020-11-19
这几个催化剂说了和没说一样，并且语音根本不存在商业新价值
回复
点赞
举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/2084408278?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2020-11-19 21:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2084408278","market":"us","top_or_hot":-1,"title":"Mizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports","media":"StreetInsider","content":"<div>\n<p>James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top China Internet pick despite negative reports surrounding JOYY, which is in the process of being acquired...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=17624825\">网页链接</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-11-19 21:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=17624825><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top China Internet pick despite negative reports surrounding JOYY, which is in the process of being acquired...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=17624825\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BIDU","symbol_name":"百度","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=17624825","article_id":"2084408278","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2084408278","pubTimestamp":1605794100,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top Chin","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BIDU":"百度","QNETCN":"纳斯达克中美互联网老虎指数"},"translate_title":"瑞穗重申“买入”百度，尽管百度的空头报告令人欣喜","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BIDU":1,"QNETCN":0.6},"content_text":"James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top China Internet pick despite negative reports surrounding JOYY, which is in the process of being acquired by Baidu. Short-seller Muddy Waters described JOYY as \"a multibillion-dollar fraud\", shortly after Baidu announced it agreed to pay $3.6 billion for Joyy’s live-streaming business YY Live.Muddy Waters accuses a Chinese social media company of issuing misleading business information to the investing public. As much as 90% of YY Live’s live-streaming revenue is fraudulent, according to a year-long investigation conducted by Muddy. “We conclude that YY’s component businesses are a fraction of the size it reports, and that the company’s reported user metrics, revenues, and cash balances are predominantly fraudulent,” said the report. BIDU stock closed 1.29% lower yesterday while shares of JOYY crashed over 26%. “In light of this report, we have confidence in Baidu management to conduct additional due diligence on issues raised by the report. At the same time, we believe that the acquisition could be delayed if YY hires an independent advisor to conduct its own reviews, very similar to what IQ did when facing an allegation of accounting improprieties a few months ago. Furthermore, a potential SEC inquiry could also slow the process,” Lee writes in a note sent to clients today. In case the takeover fails, BIDU will either build a live streaming platform internally or seek other acquisition candidates, Lee adds.The analyst doesn’t seem concerned for BIDU as he reiterated $185 price target on the stock. “Our thesis has not changed, and we see several catalysts on the horizon: (1) continued acceleration into FY21 with a strong pipeline; (2) potential monetization of voice search that makes up <20% of search volume; (3) unlock value of AD, which could be $15bn+, or 20% upside to our PT; (4) increase shareholder value with the sales of IQ; (5) increase share buybacks (at ~$2.5bn now) by raising USD debt,” concludes Lee.For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here.Shares of Baidu closed at $141.00 yesterday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":390283047,"gmtCreate":1605798836789,"gmtModify":1703839723474,"author":{"id":"3552452448752777","authorId":"3552452448752777","name":"wfr738","avatar":"https://static.tigerbbs.com/ded433078e9563d586d4479afa257b99","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3552452448752777","idStr":"3552452448752777"},"htmlText":"这几个催化剂说了和没说一样，并且语音根本不存在商业新价值","listText":"这几个催化剂说了和没说一样，并且语音根本不存在商业新价值","text":"这几个催化剂说了和没说一样，并且语音根本不存在商业新价值","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/390283047","repostId":2084408278,"repostType":2,"repost":{"id":"2084408278","pubTimestamp":1605794100,"share":"https://www.laohu8.com/m/news/2084408278?lang=&edition=full","pubTime":"2020-11-19 21:55","market":"us","language":"en","title":"Mizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=2084408278","media":"StreetInsider","summary":"James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top Chin","content":"<html><body><div>\n<div>\n<div>\n<img src=\"https://www.streetinsider.com/images/summaries/23/resize_logo-baidu.jpg\"/>\n</div>\n</div>\n<p>James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top China Internet pick despite negative reports surrounding JOYY, which is in the process of being acquired by Baidu. </p><p>Short-seller Muddy Waters described JOYY as \"a multibillion-dollar fraud\", shortly after Baidu announced it agreed to pay $3.6 billion for Joyy’s live-streaming business YY Live.</p><p>Muddy Waters accuses a Chinese social media company of issuing misleading business information to the investing public. As much as 90% of YY Live’s live-streaming revenue is fraudulent, according to a year-long investigation conducted by Muddy. </p><p>“We conclude that YY’s component businesses are a fraction of the size it reports, and that the company’s reported user metrics, revenues, and cash balances are predominantly fraudulent,” said the report. </p><p>BIDU stock closed 1.29% lower yesterday while shares of JOYY crashed over 26%. </p><p>“In light of this report, we have confidence in Baidu management to conduct additional due diligence on issues raised by the report. At the same time, we believe that the acquisition could be delayed if YY hires an independent advisor to conduct its own reviews, very similar to what IQ did when facing an allegation of accounting improprieties a few months ago. Furthermore, a potential SEC inquiry could also slow the process,” Lee writes in a note sent to clients today. </p><p>In case the takeover fails, BIDU will either build a live streaming platform internally or seek other acquisition candidates, Lee adds.</p><p>The analyst doesn’t seem concerned for BIDU as he reiterated $185 price target on the stock. </p><p>“Our thesis has not changed, and we see several catalysts on the horizon: (1) continued acceleration into FY21 with a strong pipeline; (2) potential monetization of voice search that makes up &lt;20% of search volume; (3) unlock value of AD, which could be $15bn+, or 20% upside to our PT; (4) increase shareholder value with the sales of IQ; (5) increase share buybacks (at ~$2.5bn now) by raising USD debt,” concludes Lee.</p><p>For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here.</p><p>Shares of Baidu closed at $141.00 yesterday.</p> </div></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMizuho Reiterates a 'Buy' on Baidu (BIDU) Despite JOYY Short Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-11-19 21:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=17624825><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top China Internet pick despite negative reports surrounding JOYY, which is in the process of being acquired...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=17624825\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","BIDU":"百度"},"source_url":"https://www.streetinsider.com/dr/news.php?id=17624825","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2084408278","content_text":"James Lee, a managing director at Mizuho Securities, maintained Baidu (NASDAQ: BIDU) as the top China Internet pick despite negative reports surrounding JOYY, which is in the process of being acquired by Baidu. Short-seller Muddy Waters described JOYY as \"a multibillion-dollar fraud\", shortly after Baidu announced it agreed to pay $3.6 billion for Joyy’s live-streaming business YY Live.Muddy Waters accuses a Chinese social media company of issuing misleading business information to the investing public. As much as 90% of YY Live’s live-streaming revenue is fraudulent, according to a year-long investigation conducted by Muddy. “We conclude that YY’s component businesses are a fraction of the size it reports, and that the company’s reported user metrics, revenues, and cash balances are predominantly fraudulent,” said the report. BIDU stock closed 1.29% lower yesterday while shares of JOYY crashed over 26%. “In light of this report, we have confidence in Baidu management to conduct additional due diligence on issues raised by the report. At the same time, we believe that the acquisition could be delayed if YY hires an independent advisor to conduct its own reviews, very similar to what IQ did when facing an allegation of accounting improprieties a few months ago. Furthermore, a potential SEC inquiry could also slow the process,” Lee writes in a note sent to clients today. In case the takeover fails, BIDU will either build a live streaming platform internally or seek other acquisition candidates, Lee adds.The analyst doesn’t seem concerned for BIDU as he reiterated $185 price target on the stock. “Our thesis has not changed, and we see several catalysts on the horizon: (1) continued acceleration into FY21 with a strong pipeline; (2) potential monetization of voice search that makes up <20% of search volume; (3) unlock value of AD, which could be $15bn+, or 20% upside to our PT; (4) increase shareholder value with the sales of IQ; (5) increase share buybacks (at ~$2.5bn now) by raising USD debt,” concludes Lee.For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here.Shares of Baidu closed at $141.00 yesterday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}