Abstract: Explain the reasons of buying HK stock Alibaba Group (9988) and Xiaomi (1810) and share my views.
Transaction detail
What I want to share with you today is the transaction I made on March 4. The details are as follows:
Bought stock
- Alibaba Group Holdings Ltd (HK stock code: 9988)
- Quantity: 100 shares
- Bought price: HK$99.2
- Commission fee: HK$34.28
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=09988
Bought stock
- Xiaomi Corp (HK stock code: 1810)
- Quantity: 800 shares
- Bought price: HK$13.82
- Commission fee: HK$36.37
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=01810
Reasons to buy Alibaba and Xiaomi
Today, Alibaba’s share price finally fell below HK$100. I also took the opportunity to increase my holdings by 1 lot. The last time I increased my holdings was 3 months ago, and the current price has dropped by more than 11%. Although the current market expectations for Alibaba’s prospects are relatively pessimistic, I still believe that Alibaba’s long-term development will become better and better. People I know around me still use Taobao online shopping very frequently, and I personally enjoy shopping on Taobao so much and the shopping experience also feels more and more convenient. I think that if you choose to increase your positions when the market is extremely pessimistic, it is actually much safer than increasing your positions when the market is rising. So I choose to continue to increase my positions with peace of mind and hold them patiently.
In addition, Xiaomi is also seen to continue to break the bottom recently. I also continued to increase my positions while today’s sharp decline, which is about 6% lower than the last time I increased my positions. A while ago, I bought a Xiaomi 11 lite for an elderly in my family at about HK$3000. Compared to this price, I can only buy low-end mobile phones from other brands such as Samsung. After my trial use, I think this price is really competitive and cost-effective. Many people say that Xiaomi’s products have no core technology, but I have used many different types of Xiaomi products. As a consumer, I think Xiaomi’s products are really competitive and should be able to seize a certain market. Therefore, I also choose to continue to buy and hold Xiaomi with patience, waiting for the future development results of the company.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
