BIDU Q405 Update

Baidu.com (NASDAQ:BIDU), the so called 'Google of China', has reported a good Q405. It is not a surprise to me, actually its actual revenue and forecasted revenue numbers are quite close to my previous estimates.

The bottom line is that this is a good company, but the stock price went far ahead. I maintain my previous 'Underperform' view and 12-month price target 35$.



BIDU Q405 Update