China’s State-Owned Assets Supervision and Administration Commission (SASAC) issued guidelines aimed at improving and strengthening the market value management of central SOE-controlled listed companies. The document emphasized making market value management a long-term strategic priority. It outlined six areas for improvement: mergers and acquisitions, market-oriented reforms, information disclosure, investor relat...
COMPANY TOGETHER WITH ANOTHER MINORITY SHAREHOLDER HAS AGREED TO SELL 100% OF THE EQUITY INTEREST IN INTIME TO A CONSORTIUM OF PURCHASERS COMPRISING YOUNGOR GROUP AND MEMBERS OF INTIME’S MANAGEMENT TEAM. EXPECTED GROSS PROCEEDS TO ALIBABA FROM THE INTIME SALE IS APPROXIMATELY RMB7.4 BILLION (US$1.0 BILLION), TO RECORD LOSSES OF APPROXIMATELY RMB9.3 BILLION (US$1.3 BILLION)1 AS A RESULT OF THE SALE OF INTIME. $ALIBABA GROUP HOLDING LTD (BABAF.US)$$Alibaba (BABA.US)$$BABA-W (09988.HK)$
Added my weekly $220, and added more shares of TORM ($Torm (TRMD.US)$) for the reasons stated in my previous post. Market price is below NAV value + I think the Company will start buy back program soon to purchase their shares at such cheap price. Market outlook for product tankers is positive.
RandomTrader_
:
Oil prices has been going down which means shipping will also take a hit which it currently is. Setting aside the high dividend %, what is a good motive to buy more of this stock?
$ALIBABA GROUP HOLDING LTD (BABAF.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$
$Alibaba (BABA.US)$ $BABA-W (09988.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $JD-SW (09618.HK)$ $PDD Holdings (PDD.US)$ $MEITUAN-W (03690.HK)$
EXPECTED GROSS PROCEEDS TO ALIBABA FROM THE INTIME SALE IS APPROXIMATELY RMB7.4 BILLION (US$1.0 BILLION), TO RECORD LOSSES OF APPROXIMATELY RMB9.3 BILLION (US$1.3 BILLION)1 AS A RESULT OF THE SALE OF INTIME.
$ALIBABA GROUP HOLDING LTD (BABAF.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$
No comment yet