April 10, 2015 (Chinavestor) The China stock monitor picked up the unusual rally of Sinopec Shanghai Petrochemical (NYSE:SHI) yesterday. SHI advanced 11.75% in just one day, not to mention previous advances this week. Other hot stocks on Thursday were Aluminum Corp. of China (NYSE:ACH), Momo Inc. (NYSE:MOMO), and Petrochina Co. Ltd. (NYSE:PTR).
After a disappointing net income growth in 2013, net income attributable to Baidu shareholders grew by 25.4% in 2014. A 70% increase in R&D expenses in 2014 hurt profit margins, but strong operating results lifted net income anyway. Intensive investment in mobile technology has started to pay off, especially for the Q3 and Q4 2014. Search engine marketing business bore fruits in 2014, resulting in a 40.8% increase of revenue per online marketing customer. SG&A associated costs jumped over 100% from previous year due to substantial investment in mobile products offerings and promotions. These costs are expected to yield a reasonable return in 2015. Traffic acquisition costs accounted for 12.9% of revenue and are intended to promote newly acquired Hao123 and contextual ads.
April 7, 2015 (Chinavestor) Baidu (NASDAQ:BIDU) keeps rolling the snowball in search engine markets after taking over Google Inc. (NASDAQ:GOOG). Per market share of search engine in China, BIDU captures almost 80% while Google trails in 11.9%. GOOG has been bogged down due to a face off with the Chinese government. On the other hand, BIDU's aggressive marketing and sales expenses has been paid off, recording a revenue increase of 41% in 2014.
March 2, 2015 (Chinavestor) The NASDAQ Composite Index closed above 5,000 for the first time since May of 2000. I'm sure there are investors who want to know what Chinese stocks moved the market, if any... Bad news is that neither Alibaba (NYSE:BABA) nor Baidu.com (NASDAQ:BIDU) did anything remarkable. BABA actually fell while BIDU advanced a mere $1.29 or 0.63% on Monday.