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A recent Chinese government proposal to allow local investors to buy stocks traded elsewhere...

A recent Chinese government proposal to allow local investors to buy stocks traded elsewhere could give a lift to "companies familiar to them," argues Stifel. The firm mentions Baidu (BIDU +3.3%), Qihoo (QIHU +2.1%), Youku (YOKU +1.2%), and Tencent (TCEHY.PK - trades in HK) as beneficiaries. All 3 U.S.-traded names are rallying, as are YY (YY +8.9%), Sohu (SOHU +5.1%), Perfect World (PWRD +1.6%), and Changyou (CYOU +3.1%). Youku fell yesterday after Baidu confirmed it's buying video site PPS, and will integrate it with its iQiyi site. Baidu claims PPS/iQiyi will create China's largest Web video platform in terms of mobile users and viewing time.
Comments (1)
  • PeterPatersonSenior
    , contributor
    Comments (114) | Send Message
     
    As I said in the past, BIDU has a lot of stock price growth potential. Based on their execution of mobile plan over the last 9 month, now video in the last few days.

     

    I was bullish on BIDU as is, and I was not counting on Chinese government announcement - relaxing investment rules. What can I say? I love it.
    8 May 2013, 06:36 PM Reply Like
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