Alibaba recent corporate news
$Alibaba(BABA)$ stock has seen 6 straight upward moves. Alibaba is currently valued at the lowest level among its peers, with a current FY23 valuation of 9.2x P/E and 8.9x P/OCF when excluding equity investments.
The announcement of a shareholding restructuring by Ant Group (link), where Jack Ma is no longer the sole beneficial owner, has led to a more bullish outlook for Alibaba and a recent streak of big gains.
Ali will actively fulfill its social responsibility, take the opportunity to help build Hangzhou as a digital city, deeply implement the three strategies of cloud computing, consumption and globalization, help create jobs, participate in international competition, resonate and deepen cooperation with Hangzhou in increasing investment in scientific research, intelligent IOT industrial ecological construction, supporting the development of new digital economy, helping common prosperity and hosting the Asian Games, and continue to contribute to Hangzhou's economic and social development We will continue to contribute to the economic and social development of Hangzhou.
The streamlining of new business lines and operational optimization of business lines will help Alibaba's earnings recovery. While macro headwinds and sluggish consumer sentiment have put a damper on Alibaba's China commercial retail GMV growth in 1H22, we expect to see a gradual recovery in 2023, which will also provide additional support for an earnings recovery. Despite short-term headwinds, Alibaba's international expansion and cloud business remain on track for the long term.
It looks like there is bound to be upside for Alibaba in 2023, and investors can watch for opportunities to participate beyond that.
@MillionaireTiger @TigerStars @CaptainTiger @Daily_Discussion
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.
$Alibaba(BABA)$
$HSI(HSI)$
Take note