Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary is finding buying support above the recent $190 low.
We expect the earnings picture to improve over the next 12 months as a result of the regulatory impacts subsiding.
The June result was mixed with strong revenue growth, yet weak free cashflow, relative to the same time last year. We’ll review the September quarter results with interest, looking for an improvement.
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary is under Algo Engine buy conditions.
Alibaba is finding buying support above the recent $205 low. We expect the earnings picture to improve over the next 12 months as a result of the regulatory impacts subsiding.
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
Or start a free thirty day trial for our full service, which includes our ASX Research.