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I opened positions in BABA and here's why ~
$BABA Singles Day is on the 11.11 (equivalent to Black Friday/Cyber Monday events)
A few days before its earnings is expected to be released. BABA announced that it will report its unaudited financial results for the quarter ended 30 September, 2024 before the U.S. market opens on Friday, November 15, 2024
And a few days after the Chinese Stimulus announcement
3 very important catalysts coming up.
Support continues to hold for $BABA
$140 remains the start of the Mean Reversion Zone for me. +41% gain from here
SGX launched Hong Kong SDRs on Oct 30 for five mega-cap companies: BYD Company, HSBC, Bank of China, Alibaba and Tencent.
Each Hong Kong SDR is backed by the underlying share based on a certain ratio. The ratio for BYD SDRs to the underlying shares is 10:1, where 10 SDRs represent 1 BYD share. At this ratio, each BYD SDR would be priced at a tenth of $50, or $5, on SGX.
Source: Zacks Ranks
Alibaba Group Holding is one of the leading e-commerce giants in China. Over the last few years, the company has transformed itself from being a traditional e-commerce company to a conglomerate that has businesses ranging from logistics and food delivery to cloud computing.
BABA is a Zacks Rank #2 (Buy) stock, with a Value Style Score of A and VGM Score of B. Shares are currently trading at a forward P/E of 11X for the current fiscal year compared to the Internet - Commerce industry's P/E of 23.7X. Additionally, BABA has a PEG Ratio of 0.4 and a Price/Cash Flow ratio of 9.3X. Value investors should also note BABA's Price/Sales ratio of 1.8X.
Many value investors pay close attention to a company's earnings as well. For BABA, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.26 to $8.94 per share for 2025. Per share BABA boasts an average earnings surprise of 3.7%.
Investors should take the time to consider BABA for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Please find below the analysis of Alibaba Group Holding (BABA) stock:
Business Overview: Alibaba Group Holding is one of the leading e-commerce giants in China. Over the last few years, the company has transformed itself from being a traditional e-commerce company to a conglomerate that has businesses ranging from logistics and food delivery to cloud computing.
Earnings Forecast: For the fiscal year 2025, BABA is forecasted to have an EPS of 62.10 CNY, a gross income of 1005.95 billion CNY, and an EBIT of 162.07 billion CNY. In fiscal year 2026, the forecasted EPS is 70.37 CNY, gross income is 1088.37 billion CNY, and EBIT is 177.44 billion CNY.
Analyst Recommendations: There are 14 recommendations, including 26 "buy" and 8 "hold" recommendations for the BABA stock.
Target Price: According to 42 analysts, the mean target price for BABA is 119.22 USD, with a low estimate of 85.0 USD and a high estimate of 148.0 USD.
Capital Flow Data: Over the past five days, the capital flow for BABA has been negative, indicating more selling pressure than buying pressure.
Profitability Ratio: As of October 31, 2024, the profiteer ratio for BABA is 0.5968, indicating a profit margin of 59.68%.
Support and Resistance Price: The support price for BABA is 80.87 USD, and the resistance price is 108.07 USD.
Current Stock Price: As of November 2, 2024, the stock price for BABA is 97.665 USD.
Based on the analysis above, Alibaba Group Holding (BABA) has strong growth potential with positive earnings forecasts. Analysts also have a positive outlook for the stock, with a higher target price than the current stock price. However, the recent capital flow data indicates selling pressure in the market. Investors should carefully consider these factors and conduct further research before making investment decisions.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in stocks involves risks, and the stock market may experience fluctuations. It is important to do your due diligence and consult with a financial advisor before making any investment decisions.
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