Previously, I was recommending Alibaba as good stock to invest. It has potential to move up at least 50% in short term in my view. I have accumulated a huge positions before the HK IPO in anticipation of demand surge after the US-China trade war ended.
Below was the recap for what I had posted in Dec 2019.
The IPO (Investment Profit Overdrive)
Alibaba Group announced to raise US$12.9 billion from its landmark Hong Kong listing and is set to price its shares at HK$176 (S$30.62) each, start trading on 26 Nov 2019. Shares of Chinese e-commerce giant Alibaba saw a strong debut in Hong Kong surged more than 6% at debut, intraday high of HKD189.50.
Since the HK IPO listing, BABA share surge almost daily hitting it 52 week high within 2 weeks. The cooker's lit had finally popped open, letting the steam out. The truce reached in the China-US trade war back in Dec-14 had bring...
