Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Potential Upside* |
|---|---|---|---|---|---|---|---|
| 17 Mar, 25 | BIDU | Buy | USD 95.55 | USD 101.5 | USD 108.0 | 1 day | 13.0% |
*Potential Upside (%) indicates the expected percentage increase from the Entry Price to the Target 2 Price.
Data Powered by EOD Historical Data (“EODHD”).
Baidu, Inc. provides online marketing and cloud services through an internet platform in the People's Republic of China. It operates in two segments, Baidu Core and iQIYI. The Baidu Core segment offers search-based, feed-based, and other online marketing services; cloud services; and products and other services from AI initiatives. This segment also operates Haokan, a user generated and professionally produced short videos platform. The iQIYI segment operates an online entertainment video platform that offers original, professionally produced, and partner-generated content. The company was incorporated in 2000 and is headquartered in Beijing, the People's Republic of China.
Strong Contract Backlog: The company secured 19 new contracts, adding approximately USD 795 million in backlog revenue, ensuring revenue visibility and long-term stability
Revenue Growth & Profitability: In Q4 2024, Borr Drilling’s total operating revenue increased by USD 21.5 million (+9%) to USD 263.1 million, while net income surged 171% to USD 26.3 million, reflecting improved operational efficiency
Rig Suspensions & Market Headwinds: Temporary suspensions of rigs in Saudi Arabia and Mexico and declining day rates pose short-term revenue risks and market uncertainty
Cash Decrease: Cash and cash equivalents dropped by 67% from USD 185.7 million in Q3 2024 to USD 61.6 million, indicating reduced liquidity
Key investment risks for Borr Drilling Ltd include high debt levels, declining liquidity (67% cash reduction in Q4 2024), rig suspensions in Saudi Arabia and Mexico, exposure to volatile day rates, and potential contract terminations impacting revenue stability
| Entry Price | Support* | Target 1 | Target 2 |
|---|---|---|---|
| 95.55 | 85.5 | 101.5 | 108.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
Technical Commentary: BAIDU's stock has recently found support at significant levels and drifted hihger, suggesting it may be on the verge of an upward reversal, which indicates the potential for near-term gains. The 14-day Relative Strength Index (RSI) is moving above the mid point further supporting positive bias. Furthermore, the stock price is above its 50-day Simple Moving Average (SMA), and will act as support level in the near term.
As per the above-mentioned technical indicators analysis, a ‘Buy’ rating has been given to Baidu, Inc (NASDAQ: BIDU) at the current market price of USD 95.55 as of 17 March 2025 at 8:20 AM PST.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Communication Services Industry: Internet Content & Information
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| BIDU Baidu Inc |
-0.15 0.16% | 91.88 | 11.06 | 8.40 | 0.22 | 0.82 | 1.13 | 5.51 |
| GOOGL Alphabet Inc Class A |
2.75 1.78% | 157.39 | 26.81 | 23.20 | 6.41 | 6.92 | 6.14 | 19.27 |
| GOOG Alphabet Inc Class C |
3.05 1.95% | 159.28 | 27.01 | 23.42 | 6.41 | 6.99 | 6.14 | 19.27 |
| META Meta Platforms Inc. |
12.20 2.12% | 588.56 | 27.55 | 25.32 | 9.67 | 8.52 | 9.46 | 21.61 |
| TCTZF Tencent Holdings Ltd |
- -% | 64.00 | 13.50 | 14.64 | 0.64 | 3.44 | 0.64 | 1.54 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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