$Alibaba(BABA)$
Hong Kong-listed Alibaba (9988.HK) currently trades near HK$143. A 33% upside would take it to approximately HK$191—matching the strongest analyst bull case finance.
🇭🇰 Why this move could happen
Analyst expectations rising: Barclays analyst Jiong Shao projects a HK$170 target (~19% upside) based on cloud growth and e‑commerce momentum site.
Primary listing upgrade: Alibaba’s switch to a primary HK listing now gives it eligibility for mainland stock‑connect flows—unlocking new channels for Chinese institutional capital.
Valuation gap closing: U.S.-listed BABA trades at ~11–12× forward earnings, a discount to global peers. As sentiment and clarity improve, we could see multiple expansion toward HK$191 .
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