$BABA-W(09988)$ The Hang Seng is doing the heavy lifting right now. It needs to hold above 24,300. If it can close at 115.30, that would fill the gap from June 10th.
$BABA-W(09988)$ The primary drag on BABA's earnings over the last three quarters has been the substantial losses from their quick delivery segment. If management's commentary suggests those losses are improving faster than initially projected, it could indicate the government's regulatory push to phase out subsidies is having an effect. Meanwhile, their cloud and AI business continues to show solid growth. From where I stand, a move back toward the $190 level by year-end seems like a reasonable possibility.
$BABA-W(09988)$ BABA made a nice move. I'm not holding BABA directly at the moment, but I do own 2,000 shares of KWEB, which includes BABA and other leading Chinese tech companies. I'm not planning to sell. Looking forward to the $6,000 dividend this year and in the coming years, letting the compounding work over the long term.
$BABA-W(09988)$ It's one of the biggest underdogs and most undervalued plays in the AI and cloud services era. I think it has the potential to really move.
$BABA-W(09988)$ What a show this stock put on today. It's back to $95.80 in after-hours, tracing a path from pre-market and through the regular session. The move from $95.20 to $95.80 looks like it was being bought. Decent volume with a double bottom and a push into the green on strength at the close. Not bad.