1. Alibaba (BABA)
BABA operates China's largest e-commerce marketplaces, Taobao and Tmall, as well as its largest cloud infrastructure platform, Alibaba Cloud. It also owns a third of Ant Group, which controls AliPay - one of the two largest digital payments in China alongside Tencent's WeChat Pay.
BABA is a company with an impressive track record that achieved a five-year annualized earnings growth rate of 25%.The company has been able to stay in growth mode despite a slowdown in its core e-commerce business. BABA's business in China looks a lot like Amazon's in the U.S. as its cloud-computing business is showing solid growth, just like Amazon's booming web services business.
Although those growth rates look decent, BABA's long-term future is still murky. Its Chinese commerce business could continue to generate single-digit growth as its cloud growth decelerates, and it still hasn't meaningfully addressed the delisting challenges in the U.S. However, most of the analysts are still giving a “STRONG BUY” call for this stock by looking at its promising growth in the future despite having some challenges in terms of its earnings and regulatory controls from China’s government.
BABA’s highest stock price in history was USD 309.92 per share (18th October 2020) and it is currently trading at USD 104.07 (16th of June 2022). Approximately 70% difference from the all time high.
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