Stock Idea Alibaba’s recent sell-off is an opportunity for | FSMOne SG - Research Highlights

Stock Idea

Alibaba’s recent sell-off is an opportunity for investors to accumulate more shares

——————————————————

• In April 2021, Alibaba was handed a fine of USD 2.8 billion, marking the end of the antitrust probe that began in December last year.

• Despite facing numerous challenges, the company’s revenue grew to a record high of CNY 717 billion, 41% higher compared to the previous year.

• Alibaba Cloud delivered its second consecutive profitable quarter as demand for cloud services continues to be robust.

• Taobao Live continues to grow strong. Gross merchandise value generated by the segment in FY 2021 more than doubled compared to FY 2020.

• Based on the sum-of-the-parts methodology, we arrive at a target price of USD 412 for Alibaba which translates to an upside potential of approximately 92%.

: Read the full article here
: Alibaba (NYSE:BABA)