$BABA-SW(09988.HK$ the drop observed today is again due to news that the chinese regulator calling up gaming providers such ss Tencent and alibaba. My view is that the regulatory outcomes would affect tencent more than Alibaba as Tencent has a larger share in gaming industries than Alibaba. Hence the fall should be temporarily unless more regulations are being enforced at other aspect of Alibaba businesses.
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$BABA-SW(09988.HK$ the recent data security measures imposed by CPC is nothing new. Most of the developed countries such as US and Singapore have such rules and regulations. Thats why Facebook was fined. So why are panicking when the Chinese impose such rule? Of course the fear is always the uncertainty of what is coming next.
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$BABA-SW(09988.HK$ No matter how good is the company, if investors are fearful the stock will not be bullish. I think it will take months or year for Alibaba to recover to the early days peak. Worst case scenario is that it will never be the same before as China common prosperity drive would require redistribution of profit back to the people instead of the stakeholders.
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$Futu Holdings Ltd(FUTU.US$ The drop we see today is mainly due to yet another negative news. China steps up tech scrutiny with rules over unfair competition, critical data etc. But again this is not outright banning companies from doing business. My view is that chinese are shrewd people and would be finding ways to circumvent ot meet the rules which is not hard to comply. In longer term conpanies with good fundamental will ride through this.
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$Futu Holdings Ltd(FUTU.US$ China didn't even focus/mention this, yet it has fallen like 40-50% from high's on 7/1
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$Futu Holdings Ltd(FUTU.US$ earnings release is in 14 days and should easily beat estimates with a triple digit growth rates both top and bottom lines especially with the recent expansion in Singapore and plans to offer crypto trading soon. I really wish I had more cash to buy more! 🚀
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