+ Watch QIHU
on My Watchlist
Qihooooooo......will own Bidu
spec play not real $$$
Qihu --- Fool’s Gold?Despite attack from short sellers like Citron in 2011, Qihu crushed the doubters and launched its own search engine in 2012. Leveraging on its dominant position on PC security software and its popular 360 internet safe browser, Qihu’s search engine suddenly capitulated to second position in China, capturing 15% market share, eclipsing Sogou’s 10% market share, Soso’s 4% market share, and encroaching on 70% market share of market leader Bidu. Qihu’s share sky rocketed from $20 to $90 over one year period (+330%) , delivering the best performance among major Chinese internet companies: Bidu (+58%), Tencent(+55%).Qihu successfully issued a $600 mm convertible bond in September, and was in a leading position to acquire Sogou, aiming to launch a significant assault on Bidu. Now with Sogou’s marrying into the Tencent camp, Qihu’s lofty valuation suddenly looks very shaky. A fool’s simple comparison of Qihu vs. Bidu: 2013H1 Rev Search Share Search Rev Market CapQihu $200 mm 15% $12 mm $10 bBidu $2000 mm 70% $1200 mm $50 bQihu/Bidu 10% 20% 1% 20%The market seems to be evaluating Qihu’s market cap based on its search market share, while not fully discounting the fundamental differences:1) Qihu’s search quality is inferior and its search traffic is more casual than Bidu’s;2) Qihu will continue experience serious difficulty in monetizing its search traffic due to inferior quality vs Bidu and intensified competition from Sogou;3) Qihu’s revenue are still 2/3 from online Ads, 1/3 from Games, almost none from Search ad despite one year passed since launch. Qihu’s valuation is estimated at $2.3 b, based on the sum of Search ($1.2 b based on recent Sogou valuation); Online Ads($0.7 b based on 2X 2013 Rev), Games($0.4 b based on 2X 2013 Rev).Investors who are valuing Qihu at $10 b are buying a lofty bubble. Bidu will likely burst Qihu’s search revenue bubble in the coming quarter. Citron may have the last laugh finally
Couldn't buy for my UK ISA don't know why. Ditto Yndx (Yandex). Both good shares.
Growth and they continue to destroy earning estimates.
China met it's GDP forecast and now it's mobile companies are ready to lcok in MOAT and profits
Anonymous Analytics thinks its fraudulent.
The stock is a strong play on Mobile and Internet in China. Investors are putting a big premium on these areas. The stock will go up as it gets closer to the 5/20/13 report. Just don't hold it through the report.
Qihoo seems to be the new kid on the block and investors see that it is taking market share by storm. Invest on the way up.
Regardless of what some say about their business practices, Qihoo is now a major player in the China search market. This is an area of long-term growth and a place I want to be as the Chinese Internet userbase continues to grow. Also, their recent partnership with Google is a positive catalyst. Analysts continue to raise price targets, so I will too. $40 by mid-2013.
spec play. thinking BIDU is more like YHOO/MSFT in China and QIHU is the real Google
plenty of growth in China's internet space.
Poor CEO, Poor Products, Disrespecting Users: http://www.fool.com/investing/general/2013/01/08/the-1-company-you-need-to-avoid-in.aspx
There's room for QIHU and BIDU in the Chineese internet boom.
Expanding into Search
Set to go with wireless...
Because the Chinese market seems to expand very fast.
this company is going to cave in on itself. they are an unattractive acquisition candidate compared to sohu which is now trading at a 52 week low range. their consumer internet ambition won't outpace the margin drag on the legacy software components, which are boring.
Citron compares the valuation of this company with it's chinease competitors and it apears to be massively overvalued at it's current price.
WS will keep it going for IPOs anniversary, but after that... Who would want to own this
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