Earnings Preview: Baidu to Report Financial Results Pre-market on November 21
$Baidu(BIDU.US)$ is scheduled to release its financial results pre-market on November 21 ET. Earnings PreviewAnalysts estimate $Baidu(BIDU.US)$ to post revenue of CNY33.66B for 2024Q3, down 2.28% YoY;
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How do foreign investors adjust their positions in Chinese stocks? Alibaba and jd.com frequently appear in the news, while Buffett builds his position to 'lift' a Hong Kong stock.
① The 13F quarterly reports for US stocks have been released. How are Wall Street institutions adjusting their positions on Chinese stocks? ② Buffett's investment in domino's is boosting a Hong Kong stock. What are the highlights?
Wall Street is 'cautiously optimistic'! Prototype of 'The Big Short' increases bet in Q3 on three Chinese tech giants.
Aggressively increasing shareholding in Alibaba, jd.com, and baidu.
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Baidu's 24Q3 performance forecast: We expect Baidu's total revenue in 24Q3 to be 33.6 billion yuan, a decrease of 2.5% year-on-year; Non-GAAP net income is expected to be 6.2 billion yuan, a decrease of 14% year-on-year.
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David Tepper, who enthusiastically recommends buying china, is reducing his shareholding in Alibaba and increasing his shareholding in pdd holdings and jd.com.
The fund under Tepper increased its position in china by 12 percentage points to 38% compared to the previous quarter, reducing its holdings in Alibaba stocks by about 5%, while the positions in baidu, large cap etf, and index etf related to internet plus also decreased, and it added more than double the shares of pdd holdings as well as some shares of jd.com and ke holdings.
Hong Kong stocks: Hang Seng Index rose 51 points in the first half of the day, netease surged by 13%, "Bilibili" dropped by 10%.
Mainland China's major economic indicators rebounded last month (retail sales up 4.8% year-on-year, beating expectations), with the Hong Kong stock market performing well in the morning. The Hang Seng Index opened 67 points higher, fell 103 points in the early stage to 19,332 points before rebounding, rose 172 points to 19,608 points at one point, up 51 points or 0.3% at midday, closing at 19,486 points; The H-share index rose 27 points or 0.4%, closing at 7,001 points; Hang Seng Tech Index rose 38 points or 0.9%, closing at 4,357 points, with a total turnover of 85.151 billion Hong Kong dollars in the morning session. In the financial sector, HSBC Holdings (00005.HK) rose by 0.8%, while Standard Chartered (02888.HK) and Hong Kong
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Blackrock bought heavily into Apple in Q3, continuing to increase shareholding in the 'Big Seven'; 'Smart Money' betting on the trend of China: Q3 prototype of 'The Big Short' increased shareholding in Alibaba and other Chinese concept stocks; Disney rose more than 6%, fourth quarter performance exceeded expectations with a $3 billion share buyback plan.
"Smart money" betting on the rise of China: In Q3, the prototype of the "Big Short" increased its shareholding in Chinese concept stocks such as Alibaba, jd.com, while the new fund star Keystone initiated positions in three major Chinese concept ETFs.
In the third quarter, the fund under Michael Burry increased its shareholding in Alibaba by 0.045 million shares to nearly 0.2 million shares, doubled its hold positions in jd.com to 0.5 million shares, and increased its shareholding in baidu by 0.05 million shares to 0.125 million shares. At the end of the quarter, it held three Chinese concept stocks valued at 54 million dollars, accounting for 65% of the total fund's stock holdings. Meanwhile, the fund bought corresponding put options for these three Chinese concept stocks to hedge risks.
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"Big Short" Michael Burry increases shareholding in alibaba and other Chinese stocks but allocates put options.
The fund manager Michael Burry, famous for the movie "The Big Short," continued to increase his shareholding in alibaba and baidu in the third quarter. He also added to his position in jd.com, where he had previously significantly reduced his holdings, but he allocated corresponding put options. An analysis of Burry's hedge fund Scion Asset Management LLC's form 13f submission found that the firm increased its holdings of jd.com ADR from 0.25 million to 0.5 million, while also holding corresponding put options for 0.5 million ADRs. Shareholding in alibaba rose from 0.045 million to 0.2 million, while also holding corresponding put options for 0.1689 million ADRs.
Scion Asset Management 13F Shows Added Put Position In JD.com With 500,000 Shares; Added Put Position In Alibaba Group With 168,900 Shares; Added Put Position In Baidu With 83,300 Shares
Nomura Maintains Baidu(BIDU.US) With Buy Rating, Cuts Target Price to $110