$BABA-SW (09988.HK)$ Need patience folks, they need primary ...
$BABA-SW(09988.HK$ Need patience folks, they need primary listing for HK status, once done, it will be able to deploy their cash in China and do buybacks through HK connect, just like Tencent, they spend 1B hkd buyback everyday. Think around mid september it will happen
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MrM : Haha yup, by then mainland Chinese can buy into Alibaba via stock connect and they can buy back their shares cheaper with no currency conversion disadvantages. Unfortunately not many knows this.
103699841 OP : They cash are mainly in china as most of their revenue is in china, to deploy their cash pile is restrictive currently, with HK connect they can, let’s wait and see, by October i think we will see something meaningful
股勇者 : do u think CCP allow the influx of outflow money?
103699841 OP 股勇者 : They would have stopped Tencent from buying everyday then
MrM 103699841 OP : Smart reply. We rely on data not assumptions.
股勇者 103699841 OP : institutional vs retail investor? hmm...