Shares of Alibaba Group and Tencent in Hong Kong strengthened on Monday following the $984 million fine against Ant Group, founded by Jack Ma (Alibaba $BABA). This could signal the end of regulatory crackdowns against the country's tech sector.
Is anyone following China more actively? On Friday I bought my first position in $BABA.
This week I am most likely going to buy $KWEB. For those who don't know, it's an ETF that's 50% Chinese tech companies, 25% retail,... (The largest share is made up of companies like Tencent, Alibaba, JD.com). In general Chinese stocks have been experiencing a longer term downturn, which... Read more
INVESTMENT COMPANY BERNSTEIN DOWNGRADES ALPHABET AND ALIBABA
Bernstein says it's time to move to the sidelines as competition grows.
The firm on Monday downgraded the tech giant to Market Perform from Outperform with a target price of $125 per share - representing or roughly 6% growth over the next year.
Hmm, would I reconsider my stance on Chinese Alibaba $BABA?
Alibaba's CEO announced today that he is currently focusing on expanding the business in Europe. The words were even used as a top priority in connection with Europe.
China's central bank cut its short-term interest rate for the first time in 10 months on Tuesday to restore market confidence and support a slowing economic recovery in the world's second-largest economy after the pandemic.
Alibaba $BABA has cash that makes up 52% of its market capitalization. Net cash makes up 32% of its market capitalization. That doesn't sound like a totally bad deal to me 🤔
$BABA really isn't a bad company. It's just a shame that the main market is where it's based...otherwise it would be a great deal. Despite the risks, I don't want to do it...
How do you feel about $BABA? The mood was very positive before the last results, but we were looking at below $80 towards the end of last week. This was mainly due to bad news from the cloud segment. I'm curious to see how the price will perform this week... What do you think?
This week 8.5 - 12.5 we had some interesting companies reporting their quarterly results.
For my part, I can say that I was pleasantly surprised by $WMT, whose results nicely exceeded expectations. I don't own shares of $WMT yet, but I would like to buy a few shares, but the share price would have to come down.
Along with its quarterly results, Alibaba $BABA told us the news that it has approved the spin-off of its cloud unit. Alibaba on Thursday approved the full spin-off of Cloud Intelligence Group, aiming to complete the spin-off in the next 12 months.
Shouldn't this be settled by arbitration?