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-- 54.748 Alibaba's earning beat expectations: Is it the time to consider Chinese stocks?
Revenue: 205.55 billion Chinese yuan vs. 203.19 billion yuan expected, remaining flat year-on-year.
Net income: fell 50 percent to 22.74 billion yuan vs. 18.72 billion yuan expected.
Earnings per American depositary share (ADS): 11.73 yuan vs. 10.39 yuan expected, down 29% year-on-year.
However, Alibaba recorded its first-ever decline in quarterly revenue for three months by the end of June.
The possible crisis brought about by geopolitics for investors can not be ignored. On July 30, the US Securities and Exchange Commission（SEC) put Alibaba on its watch list of Chinese firms that faced removal from American exchanges.
In fact, Alibaba has already started to make "worst-case scenarios". Previously the e-commerce giant said that it has applied for changing its listing status in Hong Kong from secondary to dual primary listing.
Still, there are potential opportunities for investors interested in Chinese stocks.
China's economy is growing, and the country has seen a rise in high-quality companies.
China has successfully weathered the pandemic crisis by leveraging its huge domestic market. The resilience it has shown has boosted some investors' confidence in the Chinese economy.
Investment opportunities for investors may exist in companies that are stress-resistant and are poised for new growth in a recovering economy. After all, It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Do you think it is worth investing in Alibaba?![]()
![]()
A. I have full confidence in Alibaba
B. I don't favor it
C. I keep a wait-and-see attitude
D. I don't know, see what mooers say
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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whqqq : I have always believed in Alibaba.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
I watched Alibaba's financial report. Although its income is flat this time, its share price has been rising.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
ArcanusBrixxy : I still cannot believe i missed it
Silverbat : Pigs will not fly! The worst not come yet! They have used all kinds of tricks to drain stock liquidity persistently!
nebhol : Ok
MarketDude : Buy