To The Moon

🌟🌟🌟📮📮📮The CSI 300 closed up 1.35% on Wednesday, putting it 0.8% higher on the year. This is the first time it has been in the green since the start of 2024. Has China's stock market turned a corner? China's major banks recently reduced the 5 year loan prime rate, a benchmark for home loans to a new low of 3.95% from 4.2% previously. This is the largest cut since the rate was introduced 5 years ago and a much bigger reduction than the economists had expected. This cut should provide some support to boost the housing market. Michael Burry of the Big Short Fame just went all in on Alibaba and JD.com, making these stocks his biggest holdings. He said the time to buy China is now. Ray Dalio has also bought iShares MSCI China ETF worth USD 76.8 million. $Alibaba(BABA)$ is up 3.2% today and 4.4% in the past 5 days. Alibaba is now up 1% year todate. However it is still down 20.5% in the past year. Alibaba has been oversold and undervalued. It currently trades at a price to earnings ratio of less than 10, giving it ample upside potential if it can grow consistently. In Q323 Alibaba 's revenue grew 9% and it reported expanding margins as operating income jumped 34%. Alibaba also plans to spin off some of its secondary businesses outside its core ECommerce operation. While that plan took a step back when Alibaba said it would not spin off its Cloud Division because of US export chips restrictions, it still aims to spin off businesses like its logistics segment and digital entertainment. This could unlock value for investors. $JD.com(JD)$ is up 2.4% today and 4% in the past 5 days. However it is still down 12% year todate. In the past year it is down 49%. JD is in the news recently as it confirms that it could make a takeover offer for UK based Currys. Currys is one of Europe's largest consumer electronics groups. JD is one of the largest ECommerce companies in China which provides a one stop shopping experience. It offers a vast selection of products, across every major category which include electronics, clothes, home furnishing, fresh food and many more. $BIDU-SW(09888)$ is up 1.8% yesterday and in the past 5 days it is up 2.5%. However it is down 8% year todate and 24% last year. Baidu is the dominant Internet search engine in China. Its features and services are similar to those of Google but its focus is on China where it controls most of the search market. In fact Baidu is more than just a search engine. It is a massive Chinese Tech company that specialises in AI and Internet related services and products. Baidu has created ERNIE Bot which is an AI chatbot service. It is based on a large language model Ernie 4.0. Baidu is currently the only company to provide fully driverless Autonomous Ride Hailing services in multiple cities across China. These include Beijing, Wuhan and Chongqing. $MEITUAN-W(03690)$ is up 4.9% yesterday and 8.5% in the past 5 days. However Meituan is down 3% year todate and 45% in the past year. Meituan is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. $Pinduoduo Inc.(PDD)$ is the fastest growing ECommerce company in China. In January this year, Pinduoduo had risen rapidly to become the 2nd largest ECommerce company globally, surpassing Alibaba in market capitalisation. PDD's share price is currently down 1% today and 0.76% in the past 5 days. It is also down 10.9% year todate. However PDD is up 55% in the past year. PDD's International Arm, Temu is now in over 15 markets worldwide including US, UK, Canada, Mexico, France, Germany, Australia, New Zealand, Japan, South Korea and in South East Asia too. PDD is synonymous with value for money and has successfully gamified shopping for the most mundane every day things. PDD has thrived within WeChat's ecosystem due to its seamless integration within the App. These 5 stocks - Alibaba, JD.com, Baidu, Meituan and Pinduoduo are market leaders and have wide moats. They are undervalued and oversold. It is certainly time to buy them and hold long term to reap the rewards of their exponential growth ahead. @Daily_Discussion @TigerStars @MillionaireTiger @Tiger_comments @CaptainTiger @TigerClub @Tiger_SG