AaronJe
2023-01-05

Baidu plan to sell its stake in IQiyi at above $8. Currently Baidu has 53% stake in IQ . So, simple math tells me IQ is undervalued by 4.52 and will double from current price of $ 3.58. If you combine that info with China easing on Tech sector and Christmas rally of tech stocks, $8 seems realistic. And, top of that, China is easig on Covid measure. Overall , US stocks are depressed and stressed these days with expected recession in 2023. On the other hand , election in China is over and most China stocks rally strong. In that environment, those small cap tech stocks benefit the most. And, IQ shows positive earning for 3 quarters.$iQiyi Inc.(IQ)$

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