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Alibaba Group Holding Limited (BABA)

NYSE - NYSE Delayed price. Currency in USD
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279.96+9.85 (+3.65%)
At close: 4:03PM EST

280.94 +0.97 (0.35%)
After hours: 7:23PM EST

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  • M
    MJ Stock Trader
    Four days old but didn't see it posted here.

    UBS analyst Jerry Liu initiates coverage on Alibaba (9988:HK) (NYSE: BABA) with a Buy rating and a price target of HK$333.00.

    The analyst comments "We are initiating coverage with a Buy rating and price target of HK$333, complementing our coverage of the US listing. The secondary listing began trading on the Hong Kong Stock Exchange on November 25 2019, with the HK shares fully fungible with the ADR shares. We believe the stock's risk/reward is attractive. Alibaba remains an efficient way to capture the consumer and enterprise digitalization trend across China long term. Post Covid-19, we are seeing strong e-commerce and cloud adoption, and Alibaba is the market leader in both markets. The company is able to management its investments, and reliably deliver 20-30% EBITDA CAGR over the next few years. While regulation is increasing in internet, in particular for Alibaba, we believe long term it should be manageable."

    Sep Q GMV and revenue growth met expectations, and growth should improve in Dec Q, boosted by 11/11 promotions. We assume narrowing losses in cloud, local services and new retail can fund newer investments, such as Taobao Deals or community group buying. Cloud margins should also turn positive in the next few quarters, adding a new profit engine to the ecosystem and should encourage more investors to give cloud a stand alone valuation.

    Our DCF-based PT implies 27x CY21E earnings and 21x CY22E, which is near the high end of BABA’s recent range but in line to below its peers. Our PT comes from using a conversion ratio of 8 from Alibaba's ADS (BABA.N) and a USD/HKD FX of 7.80."
  • P
    Patpat
    Alibaba Group’ subsidiary firm AliExpress is said to be taking advantage of this skyrocketing demand in e-commerce. Check disclaimer on the landing page. Additionally, these other companies could be the key to unlock potentials in mobile and ecommerce market. Waiting for the perfect time to splurge on your fortune? This could be your moment of truth. Find out more here: https://www.youtube.com/watch?v=EBwP925myc0
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  • P
    Patrick
    According to news in Hong Kong, the Hong Kong Chief Executive will announce in her Policy Address tonight (Nov 25 in Hong Kong) that the Stock Connect arrangement will extend to stocks with secondary listing in Hong Kong, including BABA and JD. That means investors in mainland China will be able to buy BABA and JD in Hong Kong.

    This should be a very good news, because the large demand will push up their share prices.
  • I
    Its like.....huhuhuhu
    Most stocks are now overbought ! So here lies BABA ...still undervalued because of the sell off. So...guess where they are going to go ? This thing still has 30 bucks higher ..maybe more . Longer term probably 400 next year because of the HUGE 11.11 proving this company . Plus next year brings ANT IPO . Its like....huhuhuhu
  • E
    EternalPeace
    Baba's below $300 pit will be filled by end of year and next year will go to $400 at least. RCEP cross boarder E-Commerce is once in a life opportunity for you to own Baba at today's depressed price.
  • K
    Kieran
    Consolidating at 276 today. Nice to see sustainable growth instead of wild upward runs.
  • A
    ANTHONY
    $1000 coming to your trading platform soon load up and pop some bubbly
  • A
    ArealG
    RIP to whoever slept on alibaba.... what an easy long this was
  • f
    fake Identity
    I believe Daniel Zhang’s humble stance today could have contributed to the 5 bucks increase in pre-market.

    Can you imagine what further good news would do to the stock price? A date for Ant relisting for instance could easily bring it back above $300. Still... I would suggest everyone to invest carefully and stay for the long term. There will still be short term volatility before the regulatory changes are made public.
  • f
    fake Identity
    It’s rare to see the HKD price trading higher than USD despite the currency hehe
  • f
    fake Identity
    Daniel Zhang have finally responded.

    China's move to draft rules aimed at preventing monopolistic behaviour by internet platforms is "timely and necessary", Alibaba Group CEO Daniel Zhang said on Monday.

    Speaking at the World Internet Conference, Zhang said Chinese internet companies have moved to the forefront of the global industry with the help of government policies, but regulations need to evolve.

    As expected, without specifics of the new regulatory changes, any response would not be too impactful. But this is very very positive development. Let’s go Baba!

    https://www.channelnewsasia.com/news/business/alibaba-ceo-says-china-s-draft-anti-monopoly-rules--timely-and-necessary--13620528
  • R
    Regina
    Alibaba's Stock may be due for a turnaround and it rises by the middle of January to around $290. $WIMI
  • J
    Jimmy Da Saint
    Baba owns a 30% stake in expev. No need to buy expev, just buy more baba to get exposure to the Chinese EV market!
  • U
    Uroxm
    Before breaking up it’s consolidating. That’s good sign for a growth stock.
    Holiday season, Christmas and new year coming....this is going to blow up to 330$ by mid December
  • N
    NV
    Looking good. Possible that we keep hovering around this level for another day (or two) but this positive, since we're forming a solid base to launch off from.
  • K
    Kevin Pellegrine
    Great strength going into the end! Very few weak hands, this looks optimistic tomorrow too
  • U
    Uroxm
    With holiday season coming and Christmas this is going to be 315$ stock
  • C
    Charlie
    hk gap up big time, CEO of baba just released a letter about following government rules
  • A
    ArealG
    Alibaba is not any normal. e-commerce company. Its a diversified mammoth & an undervalued KING.

    I believe its conservative that analysts give it a price target of 320-350. This should be easily trading at 400 given current tech valuations. This dip was a gift & Congrats to anyone catching it at such a discount
  • B
    BABA-9988
    The market makers/dealers are currently looking to close the month between 3600 and 3700 for the S&P and more towards the 3600. So, we're likely to see a pullback this or next week for the market as a whole, so there is likely going to be another opportunity to add more positions (when everyone already spend money). Today there is too much greed in the market, ''be greedy when others are fearfull''.