Abstract: Explain the reasons of buying HK stock Alibaba Group (9988) and share my views.
What I want to share with you today is the transaction I made on March １4. The details are as follows:
- Alibaba Group Holdings Ltd (HK stock code: 9988)
- Quantity: 100 shares
- Bought price: HK$84.15
- Commission fee: HK$32.15
Reasons to buy Alibaba
Today, Alibaba’s share price has dropped sharply to HK$84 due to the US SEC’s delisting warning on Chinese stocks last week. It has further dropped by more than 15% since the last time I increased my position. This kind of non-stopped falling is really shocking for us investors. But optimistically, being able to buy at such a low price can really effectively lower my average price a lot. My current average buying price on Alibaba has dropped from over HK$200 to HK$197, although it still looks absurdly high, there is no other ways but accepting. This company is constantly being hit by regulatory policies relentlessly, but I don’t think this kind of hit will continue endlessly, and it will eventually calm down. Then, great companies will continue to grow, and I still have confidence in the companies I own and hope that in the long run the difficulties will eventually be resolved.
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.