Alibaba and Chinese stocks

adindas

Catalyst for BABA. Share buyback
"boosted its share buyback program to $25 billion from $15 billion, in a bid to reassure investors about the company’s prospects after a year in which its stock has fallen by more than half. "

Alibaba to Buy Back Up to $25 Billion of Stock

https://www.wsj.com/articles/alibaba-to-buy-back-up-to-25-billion-of-stock-11647915462

Alibaba boosted its share buyback program to $25 billion from $15 billion, in a bid to reassure investors about the company’s prospects after a year in which its stock has fallen by more than half.

One thing I am afraid of is that if china invades Taiwan it will lead to economic/trade sanction. But who could know what will happen in the future. We could only do an educated guess.

iglad

I was in BG Pacific (1/3 of my portfolio) for well for me over the past 2 years however I sold out a few weeks ago and took the profits.

This week I bought back in with a tentative £5k as it appears to be on the rise again. 

That's what happens when you tinker. 

adindas

Those who are holding BABA (Alibaba) and other strong/good undervalued Chinese stocks (not the p&d one). Now time to relax guy and enjoy the show. It is a very strong wordings that you hardly ever see, comes out from Chinese government.

https://www.reuters.com/world/china/chinese-us-regulators-are-working-hard-solution-audit-dispute-chinese-state-2022-03-27/

"Both Chinese and U.S. regulators are fully aware of each other's concerns, and are moving toward each other, and working hard to find solutions to the issue in order to achieve effective and sustainable cooperation as soon as possible," the source was cited as saying.

adindas

Another stronger confirmation today. To remove FUD
China Removes Key Hurdle to Allow U.S. FULL ACCESS to Audits Apr 4, 2022 Bloomberg Markets and Finance

https://www.youtube.com/watch?v=ynzuuTzHe3E