I can't stop thinking of
BABA despite the recent uncertainties surrounding China related stocks. A painful lesson that I had learned during Covid period was that China stocks are un-investable, and I learned that through $SE. Even though
SE is not directly related to China, but for some reason due to Tencent being one of the major shareholder for
SE, I had an unrealized loss of 50% as of today :(
I still believe in
SE, and I have my own reasons.
SE is my second largest stock in my investing portfolio, and I am currently looking to slowly collect more
BABA shares.
Truth be told, the share price is too cheap for
BABA to be currently valued at roughly $70 per share. Based on my intrinsic value,
BABA should be easily at least $150-$180 per share, a potential upside of 114%-157%.
However, a dilemma that I currently have as of now is that, should I invest or trade
BABA? Current share price of $70 promise a very low downside with a huge upside potential. All eyes would be on the 14th National People's Congress (NPC) in Beijing on 5 March 2024 whereby they will be expected to discuss the nation's crucial economic and political issues.
To me, I would give them a benefit of doubt for one last time to prove me wrong that China stocks are un-investable, I will gradually collect more
BABA shares for the price around $70-$72 while I can and I believe the fallen Giant will emerge stronger again one day.
I still believe in
Truth be told, the share price is too cheap for
However, a dilemma that I currently have as of now is that, should I invest or trade
To me, I would give them a benefit of doubt for one last time to prove me wrong that China stocks are un-investable, I will gradually collect more
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.