Alibaba And Baidu: The Bottom Is Finally Here (NYSE:BABA) – Seeking Alpha

My two favorite Chinese companies, Alibaba Group Holding Limited (BABA) and Baidu, Inc. (BIDU), reported their earnings recently, and the results were excellent. Both companies essentially knocked their earnings results out of the park, with Alibaba beating consensus EPS estimates by roughly 10% and Baidu smashing EPS estimates by more than 100%. Despite the stellar results, both companies are down by significant margins since their 2020 highs. Moreover, both companies are remarkably undervalued relative to their Western counterparts, and both companies are strong buys, in my view.

I’ve invested in Chinese companies for many years and always had a place for quality growth in Chinese stocks in my All-Weather Portfolio. However, due to the “China Meltdown,” I’ve cut down my China exposure in recent months. Nevertheless, I still own Alibaba and Baidu, and it looks like the tide may be shifting for China stocks now. The worst of the news is probably priced into the share prices…

Read Full Story: https://seekingalpha.com/article/4515477-alibaba-and-baidu-the-bottom-is-finally-here

The post Alibaba And Baidu: The Bottom Is Finally Here (NYSE:BABA) – Seeking Alpha first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/05/31/alibaba-and-baidu-the-bottom-is-finally-here-nysebaba-seeking-alpha_2022053120873.html

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.