Alibaba Group – Stock Forecast 2022
Alibaba presents the balance sheet for the past quarter.
The forecasts of 17 analysts expect earnings per share for the past quarter to average 11.86 CNY. This would correspond to a decrease of 34.00 percent compared to the same quarter last year, in which Alibaba reported CNY 17.97 per share.
A total of 27 analysts expect sales to rise from an average of 31.65 percent to 204.14. Billion CNY. In the same quarter last year, Alibaba had turned over CNY 155.06 billion
When will the trend turnaround?
Alibaba’s stock is currently in a sharp downturn at a mid-range price. The company has only been going downhill for many months. The company has fallen out of favor with the Chinese regime and is feeling the consequences.
Good news has accumulated recently. While the stock exchange is celebrating the return of founder Jack Ma to the public stage, the Chinese e-commerce company is even enjoying the luxury of overtaking Amazon in Eastern Europe via its website AliExpress.
Summit between China’s leader Xi Jinping and US President Joe Biden
Joe Biden spoke at the online summit that it is the responsibility of the two largest economies to ensure that the conflict between the countries does not degenerate. The US president also addressed sensitive issues such as Tibet, the suppression of Uyghurs in China and the democracy movement in Hong Kong.
respect each other, coexist peacefully “and work together for a WIN-WIN situation”.
Trade Team Prognose
Alibaba is one of the largest companies in the world. The company will continue to grow. There is a lot of potential behind it. At some point it will surely flip on the stock. But we think it won’t happen anytime soon. The shareholders should be patient for at least another year.