Shares & Derivatives
A Quick Comment on Alibaba
By The Simplified Resource For Investing and Personal Finance  •  November 22, 2021
Alibaba recently released their results which apparently disappointed the market and caused an immediate plunge of 10%. I am sure by now that everyone knows the market is irrational and no one can forecast what the price can be in 1 months , 3 months or even 1 year's time. Even the guru's or big boys' actions are conflicting. Temasek trimmed their position but Charlie Munger, co -partner of Warren Buffet in Berkshire Hathaway actually loaded more quite recently. So who's right , who's wrong? If one were to read all the opinions in forums, one would be seriously confused.
Data from www.wsj.com/market-data/quotes/BABA/financials
In 2017, Alibaba had a share price of US$140. Now, Alibaba has a share price of around US$140 again. But Alibaba is a much more valuable company now than it was in 2017, at least 3 times. Theoretically, its share price should be at least 3 times of US$140 in 2017 making it US$420 today...
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By The Simplified Resource For Investing and Personal Finance
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