$Alibaba(BABA)$ will Give Great Returns. Get in and Hold!
$Alibaba(BABA)$ is the best way to bet on Chinese economy and Chinese domestic consumption story.
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$Alibaba(BABA)$ is a no-brainer at 6x EV/FCF and 1.39 P/B
They're buying back shares at incredible rates reducing the share count by 3.2%.
For reference, $AAPL are managing 2.6% reduction per year.
Further bullish catalysts:
There's been 10% growth in Chinese online retail sales
60% growth in revenue international e-commerce
Cainiao grew 30% YoY The Chinese economy is recovering.
$Alibaba(BABA)$ will give great returns. Wouldn't bother trying to time it. Get in and hold!
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$Alibaba(BABA)$ and China are bouncing back.
- GDP in China grew 5.2% in 2023 (34% of global GDP growth)
- Manufacturing activity hitting 8.6% YoY growth
- Exports of chips jumped 30% YoY as China becomes more digitalized
- 2024 has seen third highest ever amount of FDI There's still lots of risks, but recovery signs are there.
Long $Alibaba(BABA)$
Re
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