Wolf Money(Alibaba HK SDR 5 to 1(Singapore-listed)

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(Image credit: Alibaba.com)

I bought a small test case for Alibaba today after they reported earnings that did not meet market expectations. I want to know the company better before I put in more capital. One catalyst is for them to list Ant Group on the HKSE which will massively boost the enterprise value of the group. The pipeline of IPO is hotting up in HK which will make companies more attractive to seek a listing. 

Initial impressions

I like the cloud, AI business and Ant Group. The growth in e-commerce is likely to slowdown due to trade wars and competition. I have no in-depth knowledge of the company. I am also wary about a hot stock followed by million of stock punters which had largely lost money over the last 5 years. 

I bought the Singapore-listed SDR traded in SGD to avoid currency fluctuations. I believe HKD will weaken against SGD due to the Trump administration wanting a lower dollar to improve their export of goods and services to the rest of the world. HKD is pegged to the USD. Alibaba HK SDR is 1/5 the price of Hong Kong-listed shares. More details at the end of the month portfolio update.

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Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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