Market Wrap - Stock Pick — Alibaba

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Caroline Cremen from Adviceworx chose Alibaba as her stock pick of the day.

"I know that we've got a bit of a risk appetite in the market right now but I'm going to pick Alibaba, which if you want to loosely translate it is Chinese Amazon, except it is multiples larger, the revenue growth is in excess of 30%, the earnings per share growth is in the excess of 25%, they've got cloud computing, they've got retail, they have food delivery services and they've got their own payment system. I think there is a bit of a turn from the Chinese consumer from using American products, the rhetoric will actually laps so I think they're certainly in a great position to increase their market share because their penetration is still relatively good and there's a lot further that they can go."
21 Nov 2019 1AM English South Africa Business · Business News

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