FT Adrian Cheng

Adrian Cheng: Hong Kong’s third-generation property scion under pressure
New World Development chief confronts prolonged real estate slump and succession speculation

https://archive.ph/xivuk

Increased my stake in BABA. It's almost 50% of my entire portfolio now. Mostly funded from NVDA profit

Im a baba bull so take with a pinch of salt. But for me baba has 3 main bull case and the stars is starting to align.

Global commerce with global logistics - Bringing china to the world

Stock connect- allowing china citizen to participate in alibaba growth

Cloud/AI infra - there is no dominant cloud and AI players on asia side, and baba so far is the cloesest contender in this space with the likes of aws/chatgpt/google cloud

I went in baba too early around 200ish and has been averaging down ever since, i feel anyone entering now could really make a few bags.

Just hit 90. I’m up 25% since selling NVDA for this. I believe holding this for long term.

USD94 already, hoping for USD100 soon? Congrats my fellow BABA investors!

Yeah finally breaking through its resistance.

Still long way to recovery for me but a very nice rotation on your end.

Hit USD100 already. Hope you able to recover soon.

This post has been edited by Barricade: Sep 26 2024, 11:12 PM

Thanks to you I did some research and I sold some of my use holding and enter China. +15% as of yesterday. In my opinion US tech is already at the end of bull run. China is severely underpriced due to last few years tekan by govt. But now their govt is helping them with stimulus packages.

I wonder am i the only china tech bull here that has hold all the way from 2022 throughout the whole china “univestable” period.

But i feel china even after all this still undervalued, atleast another 30% upside for it to reach fair value.

Not many people have the vision. Plenty still heavily invested in NVDA and hoping it can go to 150. 😂

Some even vow not to touch china ADR after being burnt before. But when it’s at rock bottom price, why not?

Alibaba now trading at 108. More than 30% upside in a month. While NVDA is sitting at negative 4% for the past month. Who’s loss is it? 😜

I m with you bro. Just keep inactive in this subforum only.

Your move is definitely spot on, so props to you.

For me not the first time i encounter this roller coaster ride of false breakout or a bulltrap.

The most recent i can rememeber is before cny fy23 where Baba peak at 11x from the lows of 60ish and later crash back down again.

So lets see will this round be an actual fundamental change in China outlook or just another pre holiday propaganda event.

This post has been edited by ChAOoz: Sep 27 2024, 11:33 PM

bro, I oso bought BABA & held until now leh (at HKD140+ in 2021). I think you must've bought earlier than me, since yours is 200+.

Now I'm wondering to average down more on BABA, average up on Bank of China & Ping An, or save for a dip caused by US recession.

Hopefully baba can break 150 by end of this year.

Yeah i bought at 200+ and average down all the way down till june this year. So it is now an outsize position in my portfolio.

Each person portfolio is different, but for me i am currently building up my cash position. The chances of china stock to run further is high but there is also a probability of a US crash due to the high valuation.

Since my portfolio majority are long equities position, i think its healthy to allocate cash for a possible bearish scenario.

At this rate, maybe earlier. Already HKD113 now. So fast that I feel a bit scared.

Saxo to close HK and Shanghai office and consolidate APAC operations in Singapore.

https://finance.mingpao.com/fin/instantf/20...%85%ac%e5%ae%a4

Animal spirit, but also because of depress valuations.

Suddenly the fund flow is crazy and everyone join the bandwagon of long china.

Some profit taking before golden week. Now we are back on track!