Alibaba Rose over 10% after Raising Stock Buyback Plan to $25B

Tiger Newspress2022-03-22

Alibaba rose over 10% in Hong Kong stock market after raising stock buyback plan to $25B.

Alibaba today announced that the Company’s board has authorized to upsize its share repurchase program to US$25 billion from US$15 billion (the “Share Repurchase Program”), in a sign of confidence about the Company’s continued growth in the future.

The Company also announced that Weijian Shan, executive chairman of investment group PAG, was appointed as an independent director to the Company’s board.

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Comments

  • MrTig3r
    2022-03-22
    MrTig3r
    power
  • Ahvi
    2022-03-22
    Ahvi
    Very nice. 
  • Pg kia
    2022-03-22
    Pg kia
    Great!!!! Like 😊
  • BlueDaisy
    2022-03-22
    BlueDaisy
    Good to see companies with strong cash flow buy back shares when the price is low. 
  • Remotecam
    2022-03-22
    Remotecam
    In another article, only $Alibaba(BABA)$US stocks are slated for buyback.  The HK $Alibaba(09988)$stock buyback was not mentioned at all.  Any increase in HKEX Baba price is probably due to local retail investors or institutions. 
    • HilaryWildeReplySunshine2000: 
      But for Hong Kong investors, their mentality will be different.
    • AmazingG: 
      1 ADS = 8 HK 9988 shares, convertible.
    • BaronLyly: 
      HK market is trading BABA at +5%. US market will out do this tomorrow and we may see alot of action. Shorts, cover asap before BABA sky rocket to the moon.
    • Sunshine2000: 

      It does not matter. They are in sync.  Both Ali HK and US shares will be benefited from the buy back.  and HK shares is also safe from the delist risk. 

    • MyrnaNorth: 
      The stock rallies 11% in HK as a result. Follow the news and look at the company (not stock) objectively and you will be rewarded.
  • DarkFate
    2022-03-22
    DarkFate
    Like 
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