Multiple Favorable News! How Much Further Will Alibaba Rise?
Shanghai Stock Exchange and Shenzhen Stock Exchange announcing yesterday that $Alibaba-W (09988)$ has been officially included in the Stock Connect, effective from today!
Previously, JPMorgan and Goldman Sachs noted in their research reports that Alibaba's inclusion in the Stock Connect will bring substantial northbound capital inflows, which will also positively impact Alibaba's stock price."
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With internet giants breaking down barriers between each other, will the restructured Alibaba emerge as the big winner?
Is Alibaba set to soar with multiple favorable news?