Forget China’s macro outlook, we like ‘China’s Google’ Baidu
You can fret over China’s macro outlook, but that’s become an excuse to not own cheap companies like China’s leading search engine, Baidu. The company’s shares are trading at a significant discount amid needless concern about its growth strategy and slowing Chinese economic growth. Baidu’s valuation no longer reflects the Nasdaq-listed company’s powerful market position in strategically important Chinese internet services. For investors willing to put aside excuses, that’s created an excellent entry point into the stock. Read full article: (VIEW LINK)
Jacob Mitchell is Antipodes’ chief investment officer. He is an award-winning fund manager, with more than 25 years' experience investing in equity markets. Jacob founded Antipodes in 2015 after deciding to leave Platinum Asset Management where he...