Jump to content

Alibaba shares climb after Q1 beat

Recommended Posts

Alibaba, an all-session stock on IG, has seen its shares rise after reporting first-quarter (Q1) sales that beat the street. Can this be sustained in H2, asks IGTV's @AngelineOng.



 Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Thursday 10 August 2023 14:53

Alibaba shares beat predictions

China's Alibaba shares inflated after the company reported Q1 sales that beat analysts' estimates. Let's have a look at the shares for you. All sessions here on the IG platform. It shares currently trading up 3.7%.

This is after those impressive sales figures when consumer sentiment bounced back from the same time a year earlier when there were strict pandemic lockdowns. Consumer purchases on Alibaba's Taobao and two more marketplaces bounced back as well.

Taobao, Alibaba's treasure chest

Taobao, of course, is another term for treasure, and it's where people go to look for bespoke items.

QMao, very interesting enterprise there. It's where Alibaba's selling or offering the more luxury end of the marketplace and the products. They helped in part, too, thanks to a shopping festival. This is a 618, which is a key shopping event in China.

In terms of sales for the group as a whole, 234 billion yuan. That's around $32.3 billion for the quarter.

Now, what is happening in this space is many of these groups are looking at buying up chips from the likes of Nvidia because this is seen as where the whole thrust of keeping stocks and also margins high will play and also the building out of generative AI systems.

According to the F2, many companies like Alibaba have made orders worth around $5 billion. Always showing you Baidu because that's also an all second stock. Baidu, TikTok owner ByteDance, Tencent and Alibaba have all made orders as well, according to this F3 report.

Global growth uncertain

So, where is the salad dressing? As global growth looks still shaky and the likes of Maersk and also Hugo Boss, Heineken and Black+Decker, included in that loss as well, have complained about destocking, which hurt their previous quality performance.

Many companies like Alibaba, like Baidu are looking to AI and new technology to solve this issue.

The question, so where is the salad dressing? The question is, can new technology help companies like Alibaba in the second half become more nimble when it comes to stocking and restocking to ensure that they're not behind the curve, whichever way the economy goes?

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 29/09/23 19:22
  • Posts

    • The crypto market appears to be showing signs of recovery, with significant improvements in the Sharpe Ratios of Bitcoin, BGB, and Ethereum, according to an article published on Friday.  The Sharpe Ratio, a measure used to understand the return of an investment compared to its risk, has seen a notable increase for both cryptocurrencies. Bitcoin's Sharpe Ratio has risen from -2.4 to 0.68, while Ethereum and BGB have also experienced a similar uptrend. This change signifies higher returns at lower risk, which is expected to attract more investors to the crypto market. In addition to the improved Sharpe Ratios, increased network activity and trading volume as shown on CEXs like Bitget, Binance, and a few DEXs are suggesting a healthier market state. The current trading prices of Bitcoin, reflect this overall positive market sentiment. As of Friday, Bitcoin was trading at $27,069.73, BGB at $0.454 and Ethereum at $1,677.89. These developments are significant as they indicate reduced risk in the crypto market. The increase in the Sharpe Ratios for Bitcoin, BGB, and Ethereum suggests that these cryptocurrencies are becoming less risky investments, which could potentially lead to an influx of new investors into the market.  Could this rise in Sharpe Ratios coupled with increased network activity and trading volume point towards a recovering and less risky crypto market?
    • Hi, That's great, thank you very much. Very helpful! Many thanks.
    • Texas Instruments Inc., Elliott Wave Technical Analysis Texas Instruments Inc., (TXN:NASDAQ): Daily Chart, 29 September 23 TXN Stock Market Analysis: We have been moving lower as expected from the previous forecast. Looking for continuation lower as there is an incomplete bullish sequence. Looking for extension lower in wave {iii}. Downside target stands below wave (W). TXN Elliott Wave Count: Wave {iii} of C. TXN Technical Indicators: Below al averages.   TXN Trading Strategy: Looking for shorts on the way down.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!       Texas Instruments Inc., TXN: 4-hour Chart, 29 September 23 Texas Instruments Inc., Elliott Wave Technical Analysis TXN Stock Market Analysis: As we are getting an overlapping structure in what could be a wave {iii} there is a high chance we will see an acceleration lower to then see a series of fours and fives.   TXN Elliott Wave count:  Wave (iii) of {iii}. TXN Technical Indicators: 20EMA as resistance. TXN Trading Strategy: Looking for shorts on the way down.
  • Create New...