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Tech entrepreneur says Africa will be world leader in Web3
Cardano founder says Africa will leapfrog US and Europe and become wealthier than western nations
Alibaba Group Holding Limited (9988.HK)
HKSE - HKSE Delayed price. Currency in HKD
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179,713 reactions on $9988.HK conversation
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Our media doesn’t cover AliCloud enough. I haven’t seen many articles that said Alibaba started their first cloud data center in Thailand, they’ve opened their 3rd data center in Germany, and now they announced a JV in Saudi Arabia. All of this is huge news for cloud.
i am worried about earning, on 26 march BABA is reporting.
seeing how walmart and target dropped 20% in one day after earnings,
makes you thinking twice about holding BABA into 26 march.
on line sales are even slower now, with the pandemic over.
har to believe BABA will beat earnings like JD did.
Funny, was reading an article at thestar which was about bad chinese earnings and then stumbled upon this short piece about BABA:
"Alibaba, the owner of this newspaper, is expected to post a 273 per cent gain in earnings, after four consecutive quarters of contraction."
A 273% gain sounds positive... Either this is a typo and they mean drop, lol, or the world doesn't work the same it was...
Rally this week. BABA is trading at less than 2x revenue, hugely profitable, China is openly supporting their tech companies and country is coming out of lockdown. Expecting a good Q2 and a gapper. All bad news has already been priced in. Place your bets!
Asia IS the Future! facts and probabilities are all very clear, China and Asia are becoming richer and richer and more important every day. Asia and its people and cultures and Tech will define this century with their ingenuity and Innovation. the West will win too when WE are smart and Invest at the right time, cooperate and good Thing is one can Profit from this trend right nowby buying the great companies with Lots of Cash Like Alibaba, $tcehy $bidu $momo $huya $doyu $viot $ysg at a perfect time ! equal to buying in 01 or 08 or 1930. Just buy and hold Asia! nobrainer
I don’t care where it goes this week, but in 5 years BABA will conservatively be a $500 stock.
what if you sell before earnings than the earnings are too good
and BABA runs 20-30% ???
what is your prediction for BABA price this coming week?
Will probably trade pretty flat until earnings
Some historical perspective:
In 2014 you could have purchased BABA at $86.
2014 Annual Revenue = 53B CNY
2014 Net Income = 23B CNY
Fast forward to 2022:
Trailing 12 months Annual Revenue = 815B CNY
Trailing 12 months Net Income = 125B CNY
My perspective: DEEP VALUE means GET VERY GREEDY!!!
covid, lockdowns and wars do Not Last forever ! more Stimulus coming and easing while Western Nations tighten and are Hit by more and more Inflation!
BEIJING -China will adopt a package of targeted, forceful and effective measures to support the economy, state television quoted the cabinet as saying on Monday, as downward pressure intensifies.
China would strive to bring its economic operations back onto a normal track, the cabinet said.
Reuters Friday May 20
Asian shares jump as China cuts key lending benchmark
China cut its five-year loan prime rate (LPR) by 15 basis points
on Friday morning, a sharper cut than had been expected
.........expectations of stronger easing going forward
Julius Caesar - Renaissance
My statement: now oil is the future, but in the future technology will be the oil of today.
3 month price target: 125 USD ~130 USD
6 month price target: 170 USD
1 year price target: 195 USD
4 year price target: 370 USD
Alibaba's Taobao and Tmall plan to develop 100 super brands which own over 100 million users in coming three years.
Buying a good business when expectations are depressed and sentiment is low is usually a good idea.
Alibaba's e-commerce platform Tmall expressed that, multiple international luxury brands have released more than 500 exclusive new products for the "520 Online Valentine's Day", and selected Tmall as the designated online platform for the launch of the first batch of said special items. The new products include jewelry, wristwatches and handbags which will be suitable for sending gifts. Tmall Luxury under Tmall, as China's first e-commerce platform having amassed the five major international luxury groups - CHANEL, HERMES, Kering, LVMH and Richemont, has acquired more than 200 international brands as official merchants.
Its down 0.35% and people who predicted a 20% down eod are dancing in the streets. This is just too funny.
I'm buying heavy here.
This is the lemon next to the pie.
Baba is about to surge hard.
Some good news, Shanghai reported zero community covid cases for Saturday, two more days in a row like this and it's open up time. Next the IMF have released the results of their 5 yearly SDR review. USD and Yuan's allocations have gone up while the other three majors have gone. The PBOC have also said today that: "China remains firmly committed to reforms and will continue to promote high quality opening-up. In the next stage, the People's Bank of China, together with other financial supervisory and regulatory authorities, will persistently push forward the opening-up of the Chinese financial market, simplify the procedures for foreign investors to invest in the Chinese market, enlarge the universe of investable assets, improve data disclosure and business environment, extend the trading hours of the interbank foreign exchange market, continuously level up the convenience of investment, and build up a more friendly environment for foreign investors and international organizations"
China is cutting interest rates and stimulating the economy………time to buy china
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