facebookWhat do you think of Alibaba HK stock(BABA-SW HKEX:9988)? - Seedly

Advertisement

Anonymous

10 Dec 2019

Stocks

What do you think of Alibaba HK stock(BABA-SW HKEX:9988)?

Does IPO usually go down after the initial frenzy or this stock is different? Can buy 100 shares and keep?

Discussion (7)

What are your thoughts?

Learn how to style your text

I feel alibaba is a great company. However the valuation is a little high for me. But maybe it is because of high quality business usually trade at higer valuation.

Elijah Lee

10 Dec 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

I'd buy Alibaba as part of a portfolio of stocks, not just one stock. The room for growth is still there, and many of my clients have asked on how to get in at pre-IPO, but not to the extent of the growth that occur if you had entering during the US listing. As Kelly has mentioned, the stock has traded for a while now, and secondary listings do little to boost the price of the stock. I'd expect it to trade sideways for a while, so you have to monitor and load up on it at a low.

You should not aim to invest in this manner because if the share price falls, you do not know what would happen. Understanding the company is better!

During IPO, stocks can go up and down. No ones will know. Alibaba is a little different as it is not a new company. So usually the stocks will trade near to the stock price that listed on thr main exchange. For alibaba is NYSE. If you think alibaba is undervalue and a good stock, you csn buy it then.

I wont know the price movement of a stock. However that said Alibaba is similar to what Amaon of USA...

Write your thoughts

Advertisement