2024-05-20 15:30:37 ET
Summary
- Alibaba reported solid results in the last quarter and fiscal year with revenue and EPS increasing for the full year.
- The stock remains deeply undervalued, and when assuming only mid-single digit growth rates, I believe the stock price could double.
- And aside from being deeply undervalued, we also see signs for sentiment changing regarding Alibaba and the Chinese stock market in general.
In beginning this article about Alibaba Group Holding Limited ( BABA ) I can make a rare statement and write a sentence I could seldom write in the past few years. Since my last article was published on February 15, 2024, Alibaba increased 18% and clearly outperformed the S&P 500 ( SPY )....
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Alibaba: Deep Undervaluation Meets Changing Sentiment