Alibaba is a company that everyone knows. We even know Charlie Munger did take a position in Alibaba. Is he still holding the shares? This is something that I do not know. Undoubtedly, Alibaba is a very big company, with many lines of businesses. Is Big still pretty now? We will leave my thoughts in response to this question towards the end of the article.Alibaba share price chart (US)Alibaba share price chart (US)If readers remembered, I touched on Alibaba long ago saying that I will not touch Alibaba at current price level. This is not a case of the business problems though it may be on going into the next few years. Rather, one should note that Alibaba share price led the decline of other Chinese tech stocks a couple of months ahead of others. Alibaba's price decline begins way back in
$DBS GROUP HOLDINGS LTD(D05.SI)$ is the biggest bank in Singapore with SGD 646 billion in total assets and employing more than 30000 employees. DBS is operating in 18 markets and also present in China, South East Asia and India. It has 'AA' and 'Aa1' credit rating, among the best in the world.DBS has received 25 Global awards, the latest is 'World' s Best Bank' 2021 by Euro money and the 'Safest Bank in Asia' by Global Finance for 12 consecutive years!First half net profit is up 54% to record SGD3. 71 billion, return on equity at 14.0%. Second quarter net profit is up 37% to SGD1. 70 billion. This is the highest on record.DBS Digital Exchange bills itself as the world's only bank-backed full service digital bourse of
US markets continue to trek higher this week. In fact, after looking at the price movement yesterday, I was of the view that Nasdaq 100 will make another all-time high even before Jerome Powell's speech for Jackson Hole. With points level at 15432, readers who read my articles and posts since the beginning of this year would have noted that my price target of 16,000 is likely to become a reality. Rather than to cover more on what Jerome Powell had spoken yesterday, I would touch on another interesting area, which even I myself was caught by the sudden tide that hit numerous hedge funds that invested in Chinese stocks.Since the Bill Hwang's saga back in March that led to a quick meltdown of Nasdaq 100 futures and several stocks from large to small cap US and Chinese stocks, a number of US b