|Bid||202.84 x 800|
|Ask||202.85 x 800|
|Day's Range||199.71 - 203.40|
|52 Week Range||189.00 - 284.22|
|Beta (3Y Monthly)||1.79|
|PE Ratio (TTM)||18.46|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CNBC's Seema Mody breaks down which Chinese internet stocks are trading higher on a new Washington Post report that Trump is set to meet Chinese President Xi at the G20 summit in Argentina in November.
Oct.09 -- Grady Burkett, portfolio manager and research analyst at Diamond Hill Capital Management, talks about the trade dispute between the U.S. and China, and its implications for Asian technology companies. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Australia."
Earlier this month, Facebook (FB) hosted the first global summit for its Workplace product. Launched two years ago, Workplace is a collaborative platform designed for corporate environments. It supports instant messaging between colleagues, group communication, and social networking within an organization.
Google CEO Sundar Pichai confirmed the company's internal project to build a censored search app for the Chinese market. Google's "Project Dragonfly," first reported by The Intercept earlier this summer, built a product that would block search results for queries that the Chinese government deemed sensitive, like "human rights" and "student protest." Pichai said on stage at Wired's 25th anniversary summit in San Francisco that the efforts were in their early stages, but that Google wanted to experiment with how a Chinese search app could work.
Alphabet’s (GOOGL) Google is seeking to overturn the July decision by the European Union’s antitrust watchdog that it had abused the market dominance of its Android OS (operating system) for several years.
Alphabet’s (GOOGL) Google recently disclosed that it had found a security flaw that may have exposed the personal data of as many as 500,000 users of its Google+ social network. Google+ was introduced in 2011 as a competitor to Facebook (FB). In an attempt to tighten the security of its products, Google announced a wide range of changes after revealing the security glitch.
The world is moving toward the data economy, and Intel (INTC) is at the center of this trend. Intel is investing in the four fast-growing markets of 5G, AI, IoT, and autonomous vehicles. Intel has partnered with several Chinese companies.
There are rumors that Baidu (BIDU), China’s Internet search engine giant, has partnered with Tron. Tron is a leading global blockchain-based operating system. Cryptocurrency operates autonomously without any central bank interference. Bitcoin is an example of a cryptocurrency.
The past few months have been miserable for Alibaba Group Holding (NYSE:BABA) shareholders. BABA stock is down 31% from its June high, and given its momentum and the backdrop of bad news, things could get worse before they get better. Once all the dust settles, investors will recognize that even the recent downgrades of Alibaba stock were, in a way, veiled bullishness.
U.S. equities were under pressure again on Thursday as higher interest rates continued to rout sentiment and fuel worries that the Federal Reserve is about to snuff out the bull market and economic expansion. President Trump was quick to blame the selloff on the Federal Reserve, who he claims is tightening policy too quickly. Some buying came back late in the session on Thursday after White House Economic Advisor Larry Kudlow walked back some of President Trump’s criticisms of Fed chairman Jerome Powell.
Let’s call a spade a spade: it’s been the unexpected revival of a left-for-dead Advanced Micro Devices (NASDAQ:AMD) that’s made life miserable for Intel (NASDAQ:INTC) shareholders of late. Although Intel stock was up as much as 24% for the year as of June, another batch of new products from AMD has taken the Intel stock price from more than $57 to less than $46. Although Apple (NASDAQ:AAPL) has long been a fan of Intel’s modems and connectivity tech for its iPhones, the buzz is that Apple won’t be tapping Intel to supply Wi-Fi and Bluetooth chips for the version of the smartphone expected to launch in 2020 after all.
Iqiyi (NASDAQ:IQ), a Chinese video streaming platform service, has seen quite a bit of action since coming public in late March. On the debut, the shares fell nearly 14%. Then buyers came in and boosted IQ stock to a high of $46.23. But alas, it would not hold. IQ would eventually fade to about $25. Still, it is a respectable 39% above the initial offering price.
Chinese (FXI) stocks have had a difficult year so far, as trade wars have weighed heavily on companies. Several China-based companies are now trading close to their 52-week lows. However, the growth story for China remains intact and is far from over. Top Chinese stocks are now trading at cheap valuations and might be available at a bargain for long-term investors given their high revenue growth estimates.
Iqiyi (NASDAQ:IQ) finally found some buying on Monday. After a rough series of trading days, IQ stock rebounded almost 4% on Monday. The losses, however, have come due to factors largely outside of the company’s control.
Chinese chat app Bullet Messenger - touted as an upstart rival to Tencent Holdings Ltd's hugely popular WeChat - says its app has been removed from Apple Inc's (AAPL.O) App Store just months after its launch due to a copyright complaint. Beijing Kuairu Technology, Bullet's owner, said in a social media posting on Tuesday that it was forced to pull the app after complaints were raised about image content provided by a partner. It was briefly the most downloaded free app in the Chinese App Store, amassing 5 million registered users within 10 days of its August launch.
Every investor in Baidu Inc (NASDAQ:BIDU) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease Read More...
In this part, we’ll discuss the valuation expectations for Chinese gaming majors and Alibaba (BABA). Tencent (TCEHY) has a “buy” recommendation from one analyst. The company has revenue forecasts of 322.5 billion yuan, 443.5 billion yuan, and 569.4 billion yuan for the fiscal years ending on December 31, 2018, 2019, and 2020, respectively. Stock price loss was partially offset by the revenue projections, which translated into impressive dividend yields and cheaper valuations for the company. Tencent expects PE multiples of 34.5x, 25.1x, and 17. ...
Tencent (TCEHY) has taken a series of other diversification initiatives to beat the stock price loss. Tencent announced an investment agreement worth $317.6 million in Bilibili on October 3. Bilibili is China’s foremost online entertainment platform for youth. Tencent will have an ownership 12.3% in Bilibili, according to the agreement.
Last week the stock market suffered from a crisis of sentiment. Investors are now nervous about the rising bond yields. The fear is that as they rise, the opportunity in stock diminishes.
So far, 2018 has been tough for Tencent (TCEHY) due to the US-China trade war and Chinese regulatory bodies cracking down on the games that Tencent launched. The company’s stock value has experienced a massive loss. Tencent initiated share buybacks in September after four years to enhance the EPS by lowering the number of outstanding shares. China’s leading gaming company retaliated by developing other product lines and diversifying its revenue earning base. Tencent announced the IPO of Tencent Music Entertainment on October 3. The IPO intends to generate $2 billion in the US listing. ...