$Alibaba(BABA)$I have to share my insights with you on BABA. Whether true or not, it is up to you individuals to decide.
I reckon that even with the repurchasing taking place on BABA, the faith of being the leader of China ADRs will follow the trend of the other ADRs as well. As you can see from the recent Q4 2021 results from their counterparts, it seems diaappointing. And with trend of the ADRs following suit of selling, BABA was not spared either.
This is why I feel that China ADRs are getting lacklustre in terms of investor confidence and support, even with the company pouring funds to buyback its shares, they are not willing to hold on as long as what used to be in 2020.
But it could be that the time is not appropriate for risk investments as of now due to the current Russian- Ukraine war. However, we cannot guarantee that they could recover as fast as what we xan predict or expect.
For those who still believes in BABA, I hope you guys can prosper ahead. But if only that all the ADRs follow suit, then BABA will bullrun.
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