To The Moon

Awesome. Happy Chinese New Year to all of us!

$Alibaba(09988)$ In the long run, market is a weighing machine. Whereas in the short run, it is a voting machine. The real problem I have is the definition of long run. LOL. BABA results are reasonable, reflecting the state of the economy in general. I still believe in BABA and in my view, its intrinsic value, is at least 120 in the most pessimistic case. The real highlight is the board approved to top up the share buy back by a whopping 25b. They have now 35b (10 unused from previous approval) to deploy in the next 3 years. That is approximately 18 - 20% of existing shares. May the force be with those of us in the same boat. And hopefully the year of Dragon brings you great health and wealth. 

$LION OCBC HSTECH ETF S$(HST.SI)$ waiting... X 1000

$CapLand Ascendas REIT(A17U.SI)$ not too bad. Expect REITS to provide some upside this year. 

$LION OCBC HSTECH ETF S$(HST.SI)$ Hope is only hope, at the end of the day 

Rip legend

It is still undervalue after surging 14%.  BABA has tonnes of cash, so it will not be impacted by the credit squeeze world wide.  I am not sure if the 25b buyback will continue given the latest strategic direction. My personal target price is 150, which is merely 50% of its heyday price. May the force be with all of us in the same boat! 

Noted

By doing the Tiger daily tasks, I would have gotten a minimum market update, simply by reading the news and useful comments from other friends. A pretty good checklist I would say. I like to create a post to share when I have formed a personal pov after some research. This helps me to get more Tiger points. Good act gets rewarded, why not? 🐰

Good stuff