Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James I understand that the issues in China are adversely affecting BABA's share price at the moment, but do you feel the company fundamentals are still sound? So, once the macro headwinds ease, would you expect a decent recovery in the share price? Many thanks Alex
Hi Alex,
No doubt has Alibaba (BABA US) been hurt by Chinese lockdowns and the share price perfectly illustrates this. On the MM company page of BABA US you can see the target price of $142.19 signaling an opportunity.
BABA itself is certainly not highly-priced trading on an Est PE of 11.75x while delivering growth in excess of 10%. We think looming stimulus from China will help sentiment towards China-facing equities, a peak in the $US & bond yields could be close, and we continue to see deep value in Alibaba below $US90 as stated previously. There are a number of fund managers that are also taking advantages of the stressed share price.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
