Subject: Re: Everything has a price
I've been watching the broader sector. I find the price action of PDD encouraging. I'm happy to hold BABA and think as full year results continue to filter through (Feb 2024) and full year EPS are published price action will begin to be reflect the underlying value. I hope so anyway! 😂. PDD up 68% YTD trading at 33 x PE if BABA traded at a similar valuation it'd be $297 based off a full year of 9$ per ADR. 180$ is more my target for the next few years, based off 20 x PE and a 9$ base.