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Time to invest in Alibaba (9988.HK)
09 Jan 2022 (928 views)  

Alibaba stock price dropped 41.7% over the past year. It recovered by 6.45% on 7 Jan 2022. 

Its trailing PE ratio is 17.42 times. Its forward PE ratio is 12.44 times. This implies that the profit will improve during the current year. 

By comparison, the forward PE ratio for Amazon is 53.76. This is 4.3 times higher than Alibaba.

In my view, Alibaba had already discounted the negative news and is on the way for a recovery.

I have decided to invest in Alibaba (9988.HK) on Monday.

Note - This is a personal view. I am not giving investment advice. 
 


Time to invest in Alibaba (9988.HK)
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Alibaba stock price dropped 41.7% over the past year. It recovered by 6.45% on 7 Jan 2022. 

Its trailing PE ratio is 17.42 times. Its forward PE ratio is 12.44 times. This implies that the profit will improve during the current year. 

By comparison, the forward PE ratio for Amazon is 53.76. This is 4.3 times higher than Alibaba.

In my view, Alibaba had already discounted the negative news and is on the way for a recovery.

I have decided to invest in Alibaba (9988.HK) on Monday.

Note - This is a personal view. I am not giving investment advice.