Tan Kin Lian - Investment Journey Review of Baidu (9888.HK)
I own 15,000 shares of Baidu. The market value of my holdings is HKD 1,552,000 (SGD 267,000).

The highest price during the past 52 weeks was $155.8 and the lowest price was $94.3 (drop of 40%). The current price of $103.5 is a drop of 34% from its recent peak. 

The current PE ratio is 13.87, which is about half of the PE ratio of Alphabet (Google).The 2023 financial report showed a revenue increase of 8.9% and net earnings increased by almost 3 times.

However, the good performance did not cause a jump in the stock price. Many analysts are bullish about Baidu and expected the stock price to recover to $150 or higher. 

A recent news said that Apple is discussing with Baidu to use Baidu's AI software for Apple's products in China. This is just a rumor. 

I am holding to my Baidu stocks. 



Tan Kin Lian 

 

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