I can't stop thinking of
BABA
despite the recent uncertainties surrounding China related stocks. A painful lesson that I had learned during Covid period was that China stocks are un-investable, and I learned that through $SE. Even though
SE
is not directly related to China, but for some reason due to Tencent being one of the major shareholder for
SE
, I had an unrealized loss of 50% as of today :(
I still believe in
SE
, and I have my own reasons.
SE
is my second largest stock in my investing portfolio, and I am currently looking to slowly collect more
BABA
shares.
Truth be told, the share price is too cheap for
BABA
to be currently valued at roughly $70 per share. Based on my intrinsic value,
BABA
should be easily at least $150-$180 per share, a potential upside of 114%-157%.
However, a dilemma that I currently have as of now is that, should I invest or trade
BABA
? Current share price of $70 promise a very low downside with a huge upside potential. All eyes would be on the 14th National People's Congress (NPC) in Beijing on 5 March 2024 whereby they will be expected to discuss the nation's crucial economic and political issues.
To me, I would give them a benefit of doubt for one last time to prove me wrong that China stocks are un-investable, I will gradually collect more
BABA
shares for the price around $70-$72 while I can and I believe the fallen Giant will emerge stronger again one day.
BABA
despite the recent uncertainties surrounding China related stocks. A painful lesson that I had learned during Covid period was that China stocks are un-investable, and I learned that through $SE. Even though
SE
is not directly related to China, but for some reason due to Tencent being one of the major shareholder for
SE
, I had an unrealized loss of 50% as of today :( I still believe in
SE
, and I have my own reasons.
SE
is my second largest stock in my investing portfolio, and I am currently looking to slowly collect more
BABA
shares. Truth be told, the share price is too cheap for
BABA
to be currently valued at roughly $70 per share. Based on my intrinsic value,
BABA
should be easily at least $150-$180 per share, a potential upside of 114%-157%. However, a dilemma that I currently have as of now is that, should I invest or trade
BABA
? Current share price of $70 promise a very low downside with a huge upside potential. All eyes would be on the 14th National People's Congress (NPC) in Beijing on 5 March 2024 whereby they will be expected to discuss the nation's crucial economic and political issues. To me, I would give them a benefit of doubt for one last time to prove me wrong that China stocks are un-investable, I will gradually collect more
BABA
shares for the price around $70-$72 while I can and I believe the fallen Giant will emerge stronger again one day.