TCTZF - Alibaba: Buy Signals Are Flashing

• In China, a four-day meeting among the top leadership of the Chinese Communist Party was the center of attention. In the U.S., the November elections and the worsening pandemic dominated.
• Market players responded favorably to tech stocks as many of the long-term goals laid out in the blueprints for China's future are tech-oriented.
• Trip.com remains a laggard but investors should pay attention to the efforts undertaken by the chairman, revealed during a video interview.
• Ant Group's valuation has vaulted past that of established banking and financial names, making an investment in Alibaba all the more compelling for investors unable to participate in the IPO.
• The involvement of Chinese entities, including government-linked ones, in Ant Group's IPO largely invalidates the apprehension of observers worried about regulatory clampdowns and anti-trust actions.

For further details see: