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Alibaba Group (BABA US)

$US 117.99
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Market Matters
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MM likes BABA under $US120

OPINION

International Equities Portfolio

The MM International Equities Portfolio added 3.75% during the week with cash at 8%. Amazon.com (AMZN US) falling -9.8% was the only negative, in the winners circle we saw Tencent (700 HK) +14.4%, JD.com (JD US) +18.2% and Alibaba (BABA US) +20.9% - overall a solid set of numbers.

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Alibaba (BABA US)

MM mentioned Alibaba early in the month hence it’s not one of our 4 picks today but it would be if we hadn’t discussed it previously.

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International Equities Portfolio

The International Equities had a great week up +8.27%, while cash sits at 9%. A +44.47% rally from Alibaba (BABA US) and a +35% increase in JD.com (JD US) the main drivers, simply huge gains however we also enjoyed a +21.29% increase in The Trade Desk (TTD US) & a 13.15% increase in Glencore (GLEN LSE). Only 2 stocks fell, Barrick Gold (GOLD US) the weakest link down -1.69% however the main detractor...

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Alibaba Group (BABA US) $US76.76

If it can go wrong for BABA it probably already has i.e. major Chinese Government intervention (Jack Ma got that wrong!), high valuation tech names falling out of favour as bond yields rise, the potential alienation of Chinese stocks if it helps Russia, to fresh COVID worries. However the stock is now trading on 10.7x earnings significantly below where it was in 2020, remember this business is growing albeit in tricky time for the companies...

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International Equities Portfolio

The MM International Equities Portfolio was higher over the course of the week the up by +1.32% including a negative impact from the higher Australian Dollar of -1.09%. Commodities remained strong which underpinned our position in Freeport-McMoRan (FCX US) which increased by +12.2% while Alibaba (BABA US) and Tencent (700 HK) were off 4-6% on the downside. For February, this portfolio was...

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International Equities Portfolio

The International Equities Portfolio is 2.27% higher than when we last penned this report with +1.79% of the gain occurring this week. Cash remains at ~4%.  A few of the recent ‘pain points’ in the portfolio rallied led by JD.com (JD US) +19.35% & Alibaba (BABA US) +10.37%,  offset to some degree by falls in Microsoft (MSFT US) and Apple (AAPL US)...

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Alibaba (BABA US) $US122.20

Like many investment managers we underestimated the problems Jack Ma would stir up with the Chinese regime and the sledgehammer like reaction from Xi Jinping & Co. although it’s not the first time they’ve crucified stocks / sectors of the market with their policy decisions e.g. education was a classic case in point only a few months ago. At this stage...

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Alibaba (BABA US)

Major companies like Jack Ma’s Alibaba (BABA) have followed the Hang Seng’s roadmap almost step for step destroying plenty of value on the journey. BABA have already come foul of the Chinese regulator after it’s canned float of Ant Group but  a more than 30% decline has restored plenty of value in our opinion. Our initial response to...

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ACTION

BABA US
UPDATED 24/03/2022 17:25
MM likes BABA under $US120
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BABA US
UPDATED 16/03/2022 15:34
MM believes BABA is very cheap under $US80
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BABA US
UPDATED 22/12/2021 17:10
MM can see BABA US trading between $US100 and $US160 through 2022, and would be happy buyers around current levels
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BABA US
UPDATED 06/08/2021 16:03
MM believes BABA is an aggressive buy into fresh 2021 lows
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BABA US
UPDATED 02/02/2021 13:59
MM is bullish BABA looking for +20% upside
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Global internet infrastructure business

Alibaba Group (BABA US) provides internet infrastructure, electronic commerce, online financial, and internet content services through its  subsidiaries.

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Alibaba (BABA US)
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Alibaba Group (BABA US)
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Alibaba (BABA US)
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Alibaba (BABA US)
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Alibaba (BABA US)
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Alibaba (BABA US)
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