$Alibaba(BABA)$ $Alibaba(09988)$ While Baba's valuation is indeed low, that doesn't guarantee its price will stay there forever. However, investors seem more inclined to pay a premium for companies like $PDD Holdings Inc(PDD)$ and $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ , reflecting a lack of confidence in Baba.
Baba's stock price is currently hovering at a low level. Without significant positive catalysts, it might continue to trade sideways, fluctuating up and down. The technical charts haven't shown the same strong breakout patterns as PDD and Tencent, further indicating the market's cautious outlook on its prospects.
However, investors should recognize that the market is dynamic, and the stock price of any company can change due to various factors. So, while Baba's current performance is not impressive, there's still a possibility of a rebound if new growth opportunities or positive news emerge.
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