BABA Stock Recent News

Last month China announced a string of measures to boost economic growth and the stock market, including freeing up more than $100 billion to buy equities.

HY, BABA and CF made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 18, 2024.

Andy Maynard, managing director and head of equities at China Renaissance, is "very, very confident that we will perform, but it's just going to be medium term as opposed to short term."

Alibaba (BABA) reachead $102.17 at the closing of the latest trading day, reflecting a +0.32% change compared to its last close.

Chinese stocks are under pressure lately, with declines this month eroding gains from the massive rally sparked by China's stimulus announcement in September.

Global dividends hit a record high in 2024, with $606.1 billion paid in Q2 alone, as tech giants like Meta and Alibaba entered the dividend-paying market. Equity yields remain low compared to bonds, with the FTSE All-World index yielding 1.86% in September 2024, while the FTSE World Government Bond index yield to maturity stood at 3.03%. Dividend-focused strategies can enhance income potential in equity portfolios by prioritising high-dividend-paying sectors and reducing risks of dividend cuts.

These two tech giants are well-positioned to grow in the coming years.

Horizon Robotics plans to raise as much as 5.41 billion Hong Kong dollars ($696.6 million) in an initial public offering on the Hong Kong stock exchange.

Stefan Hofer from LGT Bank Asia says resolving the supply glut in the Chinese housing market is a key signal for investors to be structurally long Chinese stocks.

Alibaba Group (BABA) stock price has done well, helped by the recent easing of regulations and the recently announced stimulus package by the government and the central bank. It rose to a high of $117.7 on September 26, up by over 65% from its lowest point this year.