$BABA-W (09988.HK)$ business is not growing the recent past,...
$BABA-W (09988.HK)$ business is not growing the recent past, so it has to drop pe of 15x to become buyable. so my buying target is below 80 unless it starts to grow again
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I am a value investor with stocks across SG, USA, HK, India and CN.
I invest for long term growth and income.
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JBuff : isnt the PE around 15
Mr Value investor OP JBuff : It is around 20 now
JBuff : will be lower if u adjust one off loss on divestment
Mr Value investor OP JBuff : I see, may be I have overlooked. Thanks for highlighting