Dear readers, AliBaBa Group Holding US ADR just shed 11.13% yesterday overnight, after it reported misses on its fiscal results. I believe this development would have disappointed investors in AliBaBa group, especially it there are uncertainties about the longer-term financial prospect of AliBaba. It was also recently reported that Singapore’s Temasek Holdings has slashed its stake in AliBaba.
Alibaba may be hailed as a potential multi-bagger stock for many by the sheer size of AliBaba. True enough, Alibaba stock has not seen good performance year-to-date 2021: AliBaBa US ADR was down 36.98% year-to-date. But if we are to look at the previous five-years, AliBaBa stock was up by about 54.39%.
While respectable and decent, 54.39% capital gain for AliBaBa in the past five years may not be deemed great for a potential multi-bagger stock. For example, take a look at a similar US-listed Chinese stock, JD.Com. JD.com fared much better with a 244.95% capital gain in the last five-years though its gain year-to-date this year was just a very modest 2.05%.
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