Today, Alibaba Group reported its results, which beat expectations. I don't like the politics in China and I don't know if I want to invest in Chinese stocks at the moment. However, if the share price drops to $85 or lower, I would probably think about buying.
Do you have $BABA+0.5% stock in your portfolio and how do you view Chinese stocks?
Alibaba
BABACapital Structure
Market Cap
162.9B
Enterpr. Val.
1.1T
Valuation
P/E
16.7
P/S
1.3
I'm just watching Chinese stocks for now
I join the opinion and exactly well, it's China, more risk, but it where not. I'm not in it anymore, I've tested my nerves on it 😂 I invested for the first time and caught the growth, back when the price was even around $120, sold, made a profit. Then I bought again around 100$ but it went down and waited a long time before it came back, then it dropped again and I didn't want to jump in again. Even though the price around $80 looked pretty tempting. So congrats to those who have and are now going green. 👍
I had a problem with it for a while, but I got over the fact that it's China. Holt comes with some risk, but in this case it was so cheap it couldn't be ignored. I bought it for something like $83.