Citron Research Posts On X "Time to focus on something Citron and Ryan Cohen agree on: $BABA. An important piece of news that's being overlooked by the market is that Alibaba's Hong Kong-listed shares could be ready for mainland buyers via Stock Connect by September 9. Retail investors in China, take note!...."
Portfolio Pulse from Benzinga Newsdesk
Citron Research highlights that Alibaba's Hong Kong-listed shares could be available for mainland buyers via Stock Connect by September 9. Additionally, Alibaba plans to grow its e-commerce platform by 20%, and its Qwen 2 AI is gaining traction. These factors are currently being overlooked by the market.
June 07, 2024 | 12:07 pm
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Alibaba's Hong Kong-listed shares could be available for mainland buyers via Stock Connect by September 9. Additionally, Alibaba plans to grow its e-commerce platform by 20%, and its Qwen 2 AI is gaining traction. These factors are currently being overlooked by the market.
The availability of Alibaba's Hong Kong-listed shares to mainland buyers via Stock Connect could increase demand for the stock. Additionally, the planned 20% growth in its e-commerce platform and the success of its Qwen 2 AI are positive indicators for future revenue growth. These factors are likely to have a positive short-term impact on Alibaba's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100