$BABA-W (09988.HK)$$Alibaba (BABA.US)$ China Galaxy report w...

bullrider_21 commented on a stock · Jul 17, 2023 21:42

China Galaxy report with add rating and tp of HKD168.

On 7 Jul, the People's Bank of China (PBOC) had proposed a fine of Rmb7.12b on Alibaba's affiliate Ant Group, following a regulatory crackdown in late-2020.

The PBOC also stated that most of the significant issues in the financial business of platform enterprises have been rectified.

On 12 Jul, China's National Development and Reform Commission (NDRC) praised Alibaba and other platform firms for contributions towards technological innovation.

They view these developments as a positive sign of an easing and normalisation of the regulatory environment for the Internet service industry in China.

They believe Alibaba will be a key beneficiary of an easing regulatory environment.

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Btan : Let’s see how long the shorts can last when Baba powers up

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bullrider_21 OP Btan : Looks bullish in the short term.

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71362380 bullrider_21 OP : It's just a little bit higher

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bullrider_21 OP 71362380 : Be patient.

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