2024-06-13 09:32:19 ET
Summary
- Alibaba Group Holding Limited continues to grow at a decent pace, with key parts of the business performing well.
- The company's revenue for 2024 increased by 8.3% compared to the previous year, and most profit figures improved as well.
- Alibaba Group shares are cheap and likely offer some upside from here.
Earlier this year, I wrote a bullish article about Chinese e-commerce giant Alibaba Group Holding Limited ( BABA ). In that article, I drilled down into the firm’s different operations, focusing primarily on the largest part of the enterprise. I also discussed some of the growth areas of the business and valued the firm to see what kind of upside might be available for investors. Ultimately, I concluded that shares were attractively priced. This led me to rate the business a "buy," even though I made clear that the company deserves to trade discounted compared to American firms because of differences in regulation, the prevalence of corruption, and other factors....
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Alibaba: Despite Some Issues, The Firm Remains An Appealing Opportunity