5 Reasons why i am bullish on baba
1. Dual Primary Shares Listing
This would allow 220 million mainland chinese to invest which would increase inflow of funds
2. Change of flat platform fee to fixed rate of 0.6% starting september
3. Remaining $26B worth of share repurchases which makes up 15% of baba's market cap
4. Baba is on a bull run, technicals wise
5. Short selling restrictions in feburary and again in july by the chinese regulators
Modify on 2024-08-23 11:40
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BABA’s charts are showing strength, indicating that the stock might be set for a continued uptrend.
Thanks for your sharing! I will add it to my watch list.
Great article, would you like to share it?
Alibabaaaaa
Great article, would you like to share it?