Erick27
Erick27
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avatarErick27
2021-12-31
For those who wonder what happened today, basically Chinese government said they will stimulate consumer consumption and also reduced some income taxes.https://www.benzinga.com/trading-ideas/movers/21/12/24832263/why-alibaba-shares-are-rising
Hot Chinese ADRs Rallied in Morning Trading
avatarErick27
2021-12-17
$Alibaba(09988)$‌P/E is 17. Price to FCF is 14.25. Revenue Growth is still 20 - 25% per year. Profit Margin is healthy at 15%.In terms of asset and future growth, BABA has Alicloud is the biggest cloud provider in China, which is not yet profitable yet.Also included is 33% stake in Ant Financial (valued around $30B).It is amazing that the price keeps dropping despite the bargain here. TLDR: Buy when people are afraid, not when people are greedy. Long BABA for 10 years.
avatarErick27
2021-11-14
Overvalued
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