SINGAPORE (July 28): Nasdaq-listed “Google of China” Baidu which has a secondary listing on the SGX is getting hammered again today after it missed analysts estimates. The stock opened down US$27 ($37) or nearly 14% or just over US$ 170 when trading opened in New York this evening Singapore time.

Once the darling of investors the company which part of the trio of Chinese Internet plays that global investors follow called BAT  —for Baidu, NYSE-listed Alibaba Holdings and Hong Kong-listed Tencent — has been a dog of a stock lately. Though it is listed on SGX the stock is hardly traded in Singapore except around quarterly earnings reports like it was today. Sometimes weeks go by, even months, and not a single Baidu trade is executed on SGX.

Though Chinese Internet search engine’s profits rose 3.3% year-on-year in the April-June second quarter, they clearly missed analysts estimates. Quarterly results announced this mornings were soft but the guidance for next quarter was even softer notes Chi Tsang, HSBC’s Asian Internet analyst in Hong Kong.

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