To The Moon

Alibaba (9988.HK) closed today at HK$117.10, down nearly 3%. Most people I speak to have written it off. They say, “China is uninvestable” or “Alibaba is finished.” But I see it differently. I'm a long-term investor, and this is one of the rare moments where price and value have completely diverged. It reminds me of times when sentiment was at its worst—yet those turned out to be some of the best buying opportunities. Here’s why I’ve started accumulating Alibaba again, even when it feels uncomfortable. Why I’m Buying 1. The Valuation Makes No Sense At HK$117, Alibaba is trading at: Single-digit PE, ex-cash Below book value A fraction of its sum-of-the-parts worth (especially when you include assets like Lazada, Ant Group, and Alibaba Cloud) When I run the numbers, it just doesn’t add up. 2

Bitcoin has hit a new all-time high — and as always, clients and friends are asking: "Should I jump in?" "Is it too late to buy?" "How can I benefit without touching crypto directly?" Fair questions. Personally, I’m not diving into crypto tokens. But I do believe this breakout opens doors to US-listed equities that ride on the same momentum — just with more structure, regulation, and visibility. Below are 5 companies I’m watching that benefit from the Bitcoin surge — some direct, some indirect, all fundamentally sound. I’ve also included rough buy zones based on current price action for those looking to dollar cost average or buy on dips. 1. $Coinbase Global, Inc.(COIN)$ – The Cleanest Proxy to Crypto One of the most regulated crypto exchanges in