25/03/2025 09:51

Alibaba Group (BABA US) $US134.61

Alphabet has corrected ~24% from the $US200 area, in line with a weaker performance across the AI space, which has led to the correction in Big Tech. The Google parent company posted a cloud revenue miss in February as it ramps up spending on artificial intelligence (AI), worrying investors that the mega-cap technology company may fall short of its aspirations in the AI space.

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25/02/2025 09:42

Alibaba Group (BABA US) $US129.05

The Chinese e-commerce giant announced its results on Friday, saying it planned to invest further in the AI sector but did not provide an exact figure at the time—a result that has been largely ignored compared to recent macro events.

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21/02/2025 09:32

Alibaba Group (BABA US) $US136.00

Alibaba's shares popped more than 8% overnight after cloud unit and e-commerce growth pushed quarterly profit, which was a great combination with Jack Ma’s recent friendly discord with Xi Jinping.

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19/02/2025 09:36

Chinese Tech (& Alibaba specifically) – Alibaba (BABA US) $US126.66

In 2020, Chinese Tech giant Alibaba was flying, trading above $US300/sh on the cusp of IPO’ing Ant Group, Alibaba's fintech arm, which was set to raise a record $US37 billion. But that came crashing down quickly, following a speech by Jack Ma, Alibaba’s Co-Founder & CEO, in October 2020, where he criticised Chinese regulators, state-owned banks, and the financial system, suggesting they were stifling innovation.

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02/10/2024 09:39

Alibaba (BABA US) US$112.74

We now see a Centralised Government almost forced to concentrate on stimulating growth, and that’s a very different backdrop to four months ago when the stock was trading below $US80. While the share price has rallied over 30% since then, it’s coming off an incredibly low base and still trades at a material (30%) discount to its historical earnings multiple

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15/05/2024 09:09

Alibaba (BABA US) $US79.51

`China-facing equities have started to recover, and overnight, we saw results from Tencent and Alibaba, two important companies. Alibaba reported Q4 results broadly in line with expectations, although the core e-commerce and cloud units showed single-digit growth, which was slightly underwhelming, and the stock pulled back after a good run

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08/02/2024 08:59

Alibaba Group (BABA US) $US73.70

Weaker than-expected performance at its core domestic e-commerce business had Alibaba shares trade down 5% overnight after reporting third-quarter results that didn’t show any acceleration in growth, a trend the market was hoping for with the stock having edged higher into the result. At the top line, quarterly revenue (in $US) of $36.07bn was up 5% but a shade below expectations of $36.3bn, while earnings per share (EPS) of $2.65 was down 3% YoY.

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21/09/2022 09:36

Alibaba (BABA US) $85.81

On the Market Matters Website, the company page for Alibaba (BABA US) shows a consensus price target of $152.86 (80% upside from current levels), with 42 buys, 3 holds & 2 sells. The market collectively believes BABA is deeply undervalued and should be trading at significantly higher levels. In recent days we’ve met with Mark Landau from L1 Capital and attended a webinar...

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31/08/2022 09:35

International Equities Portfolio

The MM International Equities Portfolio had a softer week in absolute terms however it did do better than the market overall. Cash sits at 9% as we consider what comes next for global equities. Our most recent purchase of Snowflake (SNOW US) did well up +21.08% for the week as their growth outlook impressed while Alibaba Group (BABA US) +4.81% enjoyed the better rhetoric around Chinese stocks. The UK continues to grapple with many issues, inflation being a key one that has weighed on our Tesco (TSCO LN) holding which fell by -6.19%.

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03/08/2022 09:42

International Equities Portfolio

The MM International Equities Portfolio had a strong week up by 6.04% while cash sits at 2%. For the month of July, the portfolio was 7.35% higher.  Some big moves played out in the 5 trading sessions since our last update, mostly on the upside with Chipotle (CMG US) rallying 18.29% on a better-than-feared earnings report, Paypal (PYPL US) +16.89% plus they have just...

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