BABA - it's time to have a good look at Alibaba
Alibaba has reached it's lowest point in a very long time.
PE ratio is not very optimistic, but it may to do with the general situation about Evergrande, which seems going bankrupt very soon.
Aliexpress is reported to have more than 900 million (active) users, while Alibaba has several other businesses along, which act as complementary parts for the whole company and doing in general not bad at all.
My expectations are that BABA will start it rise very soon, unless more negative news about Evergrande will come from China.
In case there will be no bad news, very soon BABA reports earnings, and it will in a way determine how the stock will behave,
Generally speaking, it's about the right time to enter BABA, although the most attractive moment has already passed, when it was trading around 140$/sh in October.
Considering very negative scenarios, when both bad news from China will follow and some other matters, such as interruptions in the supply-chain, I believe it won't fall much lower than 130-140$/sh anyway.
This way, waiting may give the opportunity to gain some extra 10-15% percent, but there won't be much more of it, while entering the stock too late, may eventually lead to more long-term losses.
Let's wait to they Earnings day to see what it will bring...
PE ratio is not very optimistic, but it may to do with the general situation about Evergrande, which seems going bankrupt very soon.
Aliexpress is reported to have more than 900 million (active) users, while Alibaba has several other businesses along, which act as complementary parts for the whole company and doing in general not bad at all.
My expectations are that BABA will start it rise very soon, unless more negative news about Evergrande will come from China.
In case there will be no bad news, very soon BABA reports earnings, and it will in a way determine how the stock will behave,
Generally speaking, it's about the right time to enter BABA, although the most attractive moment has already passed, when it was trading around 140$/sh in October.
Considering very negative scenarios, when both bad news from China will follow and some other matters, such as interruptions in the supply-chain, I believe it won't fall much lower than 130-140$/sh anyway.
This way, waiting may give the opportunity to gain some extra 10-15% percent, but there won't be much more of it, while entering the stock too late, may eventually lead to more long-term losses.
Let's wait to they Earnings day to see what it will bring...
