Alibaba: Major Re-Rating Now Possible [Seeking Alpha]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Seeking Alpha
maybefalse/iStock Unreleased via Getty ImagesShares of Alibaba (NYSE:BABAmore than 14%news releasegroup into 6 different units, spurring hopes that the major corporate event could lead to a revaluation of the company's shares. Since Alibaba has a significant amount of cash per-share and already is undervalued based off of P/E, I believe the corporate announcement could lead to a significant re-rating of Alibaba's shares!Alibaba break-up could be a major catalystAlibaba announced yesterday that it would break up its business and run its units independently. The announcement comes in the context of major headwinds for Alibaba's valuation. Alibaba's shares have languished in the last two years and the Chinese firm has been in desperate needof a major catalyst. I believed that Alibaba could create a catalyst for itself by announcing a bigger stock buyback since the firm earned an average quarterlyfree cash flowlevel of $6.7B in the first nine months of FY 2023.One factor that has weighed
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BABA
News
- How Should CEO's Embrace AI Or Will AI Assume CEO Roles? [Forbes]Forbes
- Alibaba Group Holding Limited (NYSE: BABA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Chinese tech stocks slip even as Weibo reports strong Q1, Alibaba signals more hiring [Seeking Alpha]Seeking Alpha
- Alibaba Leads China Stocks to Slump as Covid Fears Return, Risking Economic Rebound [MarketWatch]MarketWatch
- How to keep your business moving forward: Tips from experts on managing inflation [MarketWatch]MarketWatch
BABA
Earnings
- 5/18/23 - Beat
BABA
Sec Filings
- 5/18/23 - Form 6-K
- 5/18/23 - Form 6-K
- 5/15/23 - Form 13F-HR
- BABA's page on the SEC website