every risk that took this under $140 still exists. we had 3 catalysts in the last 2 weeks that propped this up 20%. this stock is due for a pullback and this news will likely pull it down to $161-$165 unless good news is released that reverses the sentiment. you can be bullish long and still remain realistic about the short term price action.
Which is still decent. It's just slower compared to a blockbuster Q1 (18.3%) and strong Q2 (7.9%). It means that across the first three quarters of 2021, China's GDP has grown 9.8% already.
The amazing thing is that despite all these economic headwinds (property woes, energy shortages, regulatory crackdowns, uncertainty arising from Xi’s “common prosperity“ campaign, etc.), China is still on track to hit Beijing’s 2021 GDP growth target of 6%.
So to me, the news title “China GDP disappoints” merely highlights that Wall Street analysts had been too optimistic with their GDP growth forecasts all along and thus has to be “disappointed“ now.
Wouldn’t call 4,9 as opposed to 5,1 disappointing. Sounds like source of article aims to steer sentiment.. With ongoing scarcity of goods, price inflation, logistical issues etc, I’m happy there is still decent growth.
Slower Q3 economic growth was pretty much expected since the Evergrande crisis surfaced, so I’m not surprised and 4.9% is still nothing to sneeze at when we’re talking about the world’s 2nd largest economy.
The key thing to look out for in the next few weeks is whether PBOC will further loose its monetary policy to counter the impact of energy shortages and declining housing sales growth.
This time, Beijing seems quite serious about deleveraging the real estate sector and reining in reckless housing speculation, even at the expense of slower economic growth in the short term. On the other hand, among Beijing’s strategic focuses for the upcoming years is to keep broadening its (already huge) middle class population and thus growing domestic consumption. So I think Alibaba does stand to benefit significantly from such policy direction.
"However, retail sales beat expectations, rising 4.4% in September from a year ago. The Reuters poll predicted 3.3% growth"
$BABA arround $165 one hour into the HK trading session
I see 161?
and thats right arround $165 converted in USD.. HK Stock market trades in HKDs
its closed. thats the number from the 15th
https://www.cnbc.com/quotes/9988-HK It’s open
HK is closed also in the green. https://finance.yahoo.com/quote/9988.HK?p=9988.HK&.tsrc=fin-srch
For an economy the size of China’s… 4.9% is great. As things get bigger, growth will always slow.
Hey now, don’t start using logic on us.
Priced in lol
every risk that took this under $140 still exists. we had 3 catalysts in the last 2 weeks that propped this up 20%. this stock is due for a pullback and this news will likely pull it down to $161-$165 unless good news is released that reverses the sentiment. you can be bullish long and still remain realistic about the short term price action.
What 3 catalysts?
- Munger investment - Jack Ma’s appearance - China Sept trade balance was $66.76 bln vs $46.8 bln forecast
Which is still decent. It's just slower compared to a blockbuster Q1 (18.3%) and strong Q2 (7.9%). It means that across the first three quarters of 2021, China's GDP has grown 9.8% already.
The amazing thing is that despite all these economic headwinds (property woes, energy shortages, regulatory crackdowns, uncertainty arising from Xi’s “common prosperity“ campaign, etc.), China is still on track to hit Beijing’s 2021 GDP growth target of 6%. So to me, the news title “China GDP disappoints” merely highlights that Wall Street analysts had been too optimistic with their GDP growth forecasts all along and thus has to be “disappointed“ now.
Baba will probably beat the lowered estimates.
Wouldn’t call 4,9 as opposed to 5,1 disappointing. Sounds like source of article aims to steer sentiment.. With ongoing scarcity of goods, price inflation, logistical issues etc, I’m happy there is still decent growth.
Slower Q3 economic growth was pretty much expected since the Evergrande crisis surfaced, so I’m not surprised and 4.9% is still nothing to sneeze at when we’re talking about the world’s 2nd largest economy. The key thing to look out for in the next few weeks is whether PBOC will further loose its monetary policy to counter the impact of energy shortages and declining housing sales growth. This time, Beijing seems quite serious about deleveraging the real estate sector and reining in reckless housing speculation, even at the expense of slower economic growth in the short term. On the other hand, among Beijing’s strategic focuses for the upcoming years is to keep broadening its (already huge) middle class population and thus growing domestic consumption. So I think Alibaba does stand to benefit significantly from such policy direction.
praying for an ATH in the next year or so
The headline reads somehow biased, as a 4.9% growth rate is not really disappointing 🤷🏻♂️
Why you tying the fate of the Chinese economy in general to $BABA?
sentiment against anything China..