Expected and explained. No surprises, all 249 Chinese ADRs will be on that list. Empty bottles, PCAOB. Show some resolves instead of flogging a dead horse.
Hey, this sounds familiar. Yes, China just didthat a year ago. China's action then was condemned by the West and Media as being oppressive? Strange double standards.
Antitrust Bill Targeting Amazon, Google, Apple Gets Support From DOJ
$Alibaba(BABA)$I am not Master Leong, yellow snake. It is degrading for me to reply in your post and help you gather more attention. I am not that shallow.
$Alibaba(BABA)$BABA's share price DOWN? Congratulations.Perplexed? For long term and value investors, this short term phenomenon should be celebrated. Why? Let me explain.BABA just announced upsized $25B (Extra large coke and fries) share buybacks. Assume BABA has only 3 shareholders. The price to buyout a shareholder is $50. BABA use her profit of $100 to buy out 2 shareholders. If the price reduce to $30 per buyout, BABA buys out all 3 and even have $10 left.Thus, for this period, the cheaper BABA share is, the more the $25 Billion can buy back. This will make long term holders much richer. Remember Ben's greatest words. Short Term voting machine Vs Long Term weighing machine. For the traders and punters, I wish you good
$Alibaba(BABA)$The topic of delisting had surfaced again. This time, a report that the PCAOB (SEC) refuted that an agreement with CSRC with regards to Audit is "Premature". So they can still act to delist ADRs if they cannot satisfy HFCAA standards 3 years in a row. (Yes, copied from Baseball).For the 6 Chinese ADRs in the warning list, the deadline will be 2024. All 249 Chinese ADRs will be on that list after their Q4 Final report. This problem had been around for about 20 years. To me, the risk Of delisting is about 10%. HFCAA came about during Trump's administration. A lot of it was due to Geopolitical tension of Tariffs. Of course, there was also Ruixing and Luckin Coffee which provided the ammo but the US have their Enron&
$Alibaba(BABA)$I have a strange hunch regarding the appointment of Mr. Jia Hang as Head of SE Asia ANT Finance. There is a lot of talent, but why appoint a Singapore based Veteran? Could ANT be planning a dual listing in HK and Singapore? Pure conjecture on my part. This is one of my wish list for BABA. Hope it materialise, it will be a just reward for investors who kept the faith but suffered a year of heartbreak.
Sometimes, we think too much and too deep. It muddles our decision making process from all that stimuli. Keep it simple, 1.5Billion, rising middle class, stable governance(91% approval rate). That is AMZN X 4. Will E-commerce go away in 10 years? Undervalue? Any problems that cannot be fix? Good management? Positive cash flow? All good? Let's go, BABA.
Alibaba Is Now All About Risk Assessment And Risk Control
$Alibaba(BABA)$Back to my old job. Slow boring accumulation. One day excitement over. Wait for PBOC to reduce RRR or lower interest rate for the next pop. Hopefully soon.
$Alibaba(BABA)$Strange, a big straddle (puts & Calls at same price) of 5.6k bulk order on BABA June expiration at $145? Any Pro options trader can explain?