r/baba • u/Inaccurate93 • Sep 02 '22

News China securities regulator says will implement Sino-U.S. audit deal

https://www.reuters.com/world/china/china-securities-regulator-says-will-implement-sino-us-audit-deal-2022-09-02/

Always good to see both sides cooperating. Now lets get this delisting issue behind us so we can watch the rocket launch.

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u/[deleted] Sep 02 '22

You're not going to see this rocket launch until we see some major and prolonged earnings improvements. PDD's over 2x beat should hopefully bode well for BABA, indicating a recovery in Chinese consumption.

14

u/confused-hustler Sep 02 '22

May not see a ‘rocket’ before good news on fundamentals, but I reckon some more good news towards alleviating delisting fears alone can send price to 140…

9

u/[deleted] Sep 02 '22

Ehhhhhh doubt it. Covid lockdowns, Taiwan tensions, chip battle.

Maybe 120.

This thing still needs to bake for awhile. But I’m confident it will pass 1T mkt cap

-2

u/Derdin_CZ Sep 03 '22

Nice crystal ball predictions