It's a Buy call for Baba. The economic situation is getting better and people are spending more than the last few quarters. The business situation for all sectors are improving and the worst is over for China. That's why President XI is focusing on building relationship with EU and Asia region. It is to be less reliance on US. Trade tensions are high with US adding tariffs on some of the key trades such as EVs, chips and etc. China consumers will look forward to boast their domestic consumption by buying more local brands and products to support the local industry. The Year of Dragon will be the rise for China and HK stocks which I have mentioned earlier on in Feb. For those who managed to take a good ride during the downturn will have a good windfall by end of the year. For US stocks, I will invest cautiously as the election is near and any hiccups will mean a major correction. Good luck
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
