fwb
1 week ago
Next Earnings Announcement
11/21/2024 Before Market Open
Expected Earnings
2nd Quarter Earnings Announcement Expected: Earnings will tentatively be announced 11/21/2024 before market open. With 16 analysts covering BABA, the consensus EPS estimate is $2.04, and the high and low estimates are $2.43 and $1.61, respectively.
Previous Dividend Payment
$1
Previous Pay Date
July 12, 2024
Previous Ex-Date
June 13, 2024
Frequency
Semi-annual
Annual Dividend Rate (IAD)
$2
Annual Dividend Yield
2.08%
fwb
2 weeks ago
Alibabaโs AI-Powered Cancer Detection Tool Recognized on Fortuneโs 2024 Change the World List
NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Fortune's 10th annual Change the World list is led by a group of space pioneers pushing the boundaries of innovation. They include SpaceX, operator of the Starlink satellite internet service; GHGSat, the leading space-based greenhouse gas emissions monitor; and Rocket Lab, the creator of a revolutionary reusable orbital-class small rocket.
Fortune's 2024 list showcases 52 companies globally that have created significant social or environmental impact through their profit-driven strategies and operations, spanning a range of industries including technology, space, e-commerce, and health care. This year's list includes 30 from North America, 12 from Europe, 8 from Asia and Australia, one from Africa, and one from South America.
Fortune Executive Features Editor Matt Heimer said, "This year's edition, our 10th, showcases 52 businesses that continue the Change the World list's legacy of combining public-spiritedness with the profit motive. These companies let their actions speak for themselvesโharnessing the creative impulses of capitalism to address social problems and generating revenue while doing so."
Alongside space innovation, the Fortune Change the World list highlights technology companies that showcase AI's potential for positive impact and that are dedicated to using technology for the greater good. Companies showcasing innovative approaches include Ello (No. 5), which deploys AI to address childhood literacy gaps with personalized reading tutorials;
Alibaba Group (No. 8), which detects pancreatic cancer lesions with advanced technology;
The top 10 on the Fortune 2024 Change the World List are:
1 GHGSat, Rocket Lab, SpaceX; (Canada, U.S., U.S.)
2 Grab (Singapore)
3 Viettel Group (Vietnam)
4 Maven Clinic (U.S.)
5 Ello (U.S.)
6 Globant (Argentina)
7 Cognizant and Cisco (U.S.)
8 Alibaba Group (China)
9 Commercial International Bank (Egypt)
10Honeywell (U.S.)
DiscoverGold
2 weeks ago
Bull of the Day: Alibaba Group (BABA)
By: Zacks Investment Research | October 23, 2024
Alibaba Company Overview
Zacks Rank #1 (Strong Buy) stock Alibaba Group (BABA) is a Chinese e-commerce juggernaut that runs popular storefronts such as AliExpress, which caters to global shoppers, and Taobao, which serves its domestic market segment. Like its U.S. counterpart Amazon (AMZN), BABA has businesses that stretch beyond e-commerce, such as its Alibaba Cloud service. Launched in 2009, the cloud business is one of the biggest in China and has ballooned to the second-largest revenue source for the company. Alibaba also benefits from strong momentum in its international wholesale, digital payments, and logistics businesses.
China Stimulus and Recovering Economy
The Chinese government completed a full 180 degree turn in 2024 and delivered a massive stimulus package. As if slashing interest rates and loosening restrictions werenโt enough, Chinese government officials promise to do more moving forward. Peopleโs Bank of China Governor Pan said that the reserve requirement ratio could be reduced again this year and that the loan prime rate will likely be lowered on Monday. Meanwhile, China recently reported more robust growth numbers, and retail sales impressed investors. A flood of liquidity and a more robust economy bode well for Chinese stocks like BABA. Also, understand that the Chinese economy is coming from such a trough that even a reversion to the mean would result in a massive move for these stocks.
BABAโs Dirt-Cheap Valuation
Though BABA shares have gained a healthy 34% year-to-date, its valuation remains at bargain basement lows. For instance, BABAโs price-to-sales ratio of 1.88x is close to all-time lows and is well off the all-time high of 18x in 2018.
Image Source: Zacks Investment Research
BABA Stock Repurchase Program
Alibaba is in the middle of a massive share repurchase program. The company bought back shares on almost every trading day in September. On October 17th, BABA bought back more than $17 million worth of shares. Share buybacks can be bullish because they reduce the number of shares outstanding. Apple (AAPL) is an excellent precedent of this phenomenon. AAPL shares stagnated for years before Carl Icahn and other institutional investors urged the company to repurchase shares.
Smart Money is Invested in BABA
The 13F disclosure requires institutional investors with more than $100 million in assets under management to divulge their positions. The most recent 13F disclosures revealed that BABA was a top holding for some savvy investors such as Michael Burry and David Tepper.
HK Listing & Stock Connect Program to Boost Investor Access
Millions of investors will gain access to BABA shares through a Hong Kong listing and Chinaโs โStock Connectโ program. Goldman Sachs (GS) and Morgan Stanley (MS ) expect $10-$20 billion inflows into the stock.
First Pullback After Breakout
BABA shares are retreating towards their 50-day moving average for the first time since the massive stimulus-induced breakout. Though there is room for more downside, the first pullback of this nature after a major breakout is typically buyable.
Image Source: TradingView
Bottom Line
Chinaโs dominant e-commerce player is making a comeback driven by strength in its international business. BABA enjoys a dirt-cheap valuation, increased investor access, and institutional sponsorship.
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DiscoverGold
fwb
1 month ago
Alibaba (NYSE:BABA) Soars as Investor Sentiment Shifts on Economic Revival
https://finance.yahoo.com/news/alibaba-nyse-baba-soars-investor-120815523.html
Alibaba Group Holding Limited (BABA) stock jumped 10% on Sep. 26 with investor sentiment improving toward Chinese tech stocks on the back of a series of Fiscal and monetary policy initiatives aimed at reviving economic growth. I believe Alibaba stock is just getting started as the company enjoys a long runway to grow in a few business segments, including e-commerce, AI, and cloud computing. Alibaba stock, despite rising 35% so far this year, is still trading well below the highs of over $300 registered in late 2020. I am bullish on Alibaba given that the company is attractively valued at a forward P/E of just 12 amid the ongoing recovery of the business.
tw0122
1 month ago
Big 3 per OCC filings still pumping there China holdings. They pulled all liquidity into China and out of US markets for this China Singles day showdown
OCC filings.
https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/occ
How itโs done? Singapore using Supranational financial powers where DBS Bank (which is funneling mechanism into China) is tied directly into Singapore money market fund which is part of a Vanguard, BlackRock and Fidelity money market liquidity funds.
Chinese stock market and the US stock market are virtually brother and sister. Vanguard, Fidelity and Blackrock use their money market funds to either pump or short markets by either providing liquidity or shorting it by restricting liquidity. Right now the big 3: Vanguard, Fidelity and BlackRock currently shifting some liquidity from US to Chinese stocks..
Fidelity, Vanguard and Blackrock have time over time purchased a 5% stake or higher in Chinese companies as reported on their respective 13 D, F or G filings.
How itโs done? Singapore using Supranational financial powers where DBS Bank (which is funneling mechanism into China) is tied directly into Singapore money market fund which is part of a Vanguard, BlackRock and Fidelity money market liquidity funds.
A supranational union is a type of international organization that is empowered to directly exercise some of the powers and functions otherwise reserved to states. A supranational organization involves a greater transfer of or limitation of state sovereignty than other kinds of international organizations.
Challenges and criticisms of supranational bonds include concerns over sovereignty, unequal distribution of benefits, potential for moral hazard, and transparency and accountability issues. Critics argue that supranational organizations may infringe upon the sovereignty of member countries, create imbalances in the distribution of benefits, encourage reckless financing behavior, and lack adequate transparency in their decision-making processesโฆ.hmmm sounds likened to the financial markets โฆlol