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BABA - Alibaba: Hold Amid Globalization Uncertainties
Alibaba Group Holding Limited American Depositary Shares each representing one
2024-06-07 10:11:47 ET
Summary
Investors in Alibaba should consider China's political landscape and its relations with the West, especially Xi Jinping's socialist stance and scrutiny of Alibaba after Jack Ma's comments.
Compared to competitors, Alibaba is financially strong, but its growth rates make it less attractive than Pinduoduo despite similar P/E GAAP ratios.
Alibaba is 40-65% undervalued based on DCF models, contingent on China and the West cooperating in the global order and China adopting further capitalist elements to boost private sector growth.