Is it time to "buy the bottom" BABA?

$Alibaba(BABA.US)$ From the perspective of valuation, Alibaba's reduction of business expenses in the process of operation is in line with the concept of "making the world no difficult business". The construction of origin warehouse and commodity distribution in the agricultural product base will directly or indirectly drive employment opportunities, which is in line with the ESG concept advocated now. However, at present, the supporting valuation system is not mature and has not been widely adopted.

This leads to the cost that enterprises pay for social responsibility, but they are at a disadvantage in the traditional valuation system with profit and Gmv as the core.

In the future, with the improvement and popularization of ESG valuation system, enterprises with perfect corporate governance system, transparent information disclosure and active social responsibility and environmental protection responsibility will receive corresponding market value rewards.

In terms of business, Alibaba's businesses such as taote and taocai are still in the sowing and fertilization period, cloud computing is in the growth period, and Taobao Tmall is in the harvest period.

As Baba CFO said, "investors and operators think differently." Investors go into the orchard and think about melons, fruits, pears and peaches. Who is ripe and who is delicious, but the operators are concerned about whether the soil is fertile, whether the seeds are of high quality and whether the ecology is healthy. “

Everyone wants to buy in the growth period, sell in the harvest period, and enjoy a high slope of stock price rise, but no one can accurately eat from the head to the tail. At this time, you might as well start from the operation, analyze the possibility of the company returning to the high growth and repairing the profit side, and judge whether it is an ambush time at present.