Personally, I am a fan of Alibaba stock. (I'd rather bet on Tencent's side)
But here is very very super cheap with legit & strong fundamental. Despite , Alibaba has loosing market share in competition with Tencent & Bytedance. Still there is room for growth in China outlook prospect. And Alibaba will be in a part of that.
I bet on delisted news was the bottom for Chinese tech stock. I don't guarantee it won't go lower again but here is reasonable cheap for longterm holding.
back into 2017 , Company Revenue was 3-4 time less than today but stock was trade at the same price !
with lowest multiple both P/E , P/S , EV/GP whatever
Market cap 3xx Billion USD with GMV around 1T dollar ( + Logistic + Payment + Cloud business )
Though it is not much allocation in my portfolio but this time will become case study in my investment journey.
But here is very very super cheap with legit & strong fundamental. Despite , Alibaba has loosing market share in competition with Tencent & Bytedance. Still there is room for growth in China outlook prospect. And Alibaba will be in a part of that.
I bet on delisted news was the bottom for Chinese tech stock. I don't guarantee it won't go lower again but here is reasonable cheap for longterm holding.
back into 2017 , Company Revenue was 3-4 time less than today but stock was trade at the same price !
with lowest multiple both P/E , P/S , EV/GP whatever
Market cap 3xx Billion USD with GMV around 1T dollar ( + Logistic + Payment + Cloud business )
Though it is not much allocation in my portfolio but this time will become case study in my investment journey.