www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Experts urge rational judgment of investment in Alibaba

(Xinhua) Updated: 2014-09-20 17:05

Experts urge rational judgment of investment in Alibaba
Specialist Trader Neil Gallagher points to the ticker symbol for Alibaba Group Holding Ltd during the company's initial public offering (IPO) under the ticker "BABA" at the New York Stock Exchange in New York September 19, 2014. [Photo/Agencies]

WASHINGTON -- As China's e-commerce giant Alibaba Group surged high on their first trading day at the New York Stock Exchange (NYSE) Friday, US experts appealed to investors to look at the high-flying company in a rational way.

The stocks of Alibaba jumped 38 percent from the IPO price of $68 to $93.89 per share Friday, valuing the company at over $230 billion, compared with a market capital of $150 billion owned by its American rival Amazon.

"To the Western world, Alibaba represents a company that has created value in novel and innovative ways and also has been to sustain that value growth over a span of 10 years. So they are betting on Alibaba's ability to keep doing this," said Puneet Manchanda, professor of marketing at Ross School of Business, University of Michigan.

Investors have seen how other e-commerce companies like Amazon and eBay have grown rapidly and they do not expect Chinese consumers to behave differently from Americans and people in other countries, said Linda Lim, professor of strategy at Ross School of Business.

Besides, Alibaba's well-established reputation and its leadership in the e-commerce area in China, the world's fasting-growing economy, attracted investors naturally, Lim said.

Yet in spite of Alibaba's good start at NYSE and its obvious charm, experts were also cautious about its future growth.

"It is always hard to predict the future," said Amiyatosh Purnaanandam, professor of finance at Ross School of Business.

"But historically, a number of firms show very high growth rate just before their IPOs. More often than not these growth rates do not materialize in the long run, and the shareholders get disappointed with long-term returns," he said.

The current valuation of Alibaba is based on an expectation of 30-35 percent growth rate year-on-year, which will be an extremely hard task to achieve, he said.

Alibaba has good business foundations, but they are issuing IPO at a time when stock markets as a whole are at their historic peaks, which means that Alibaba's valuation is based on valuation of other companies at their peak, the professor said.

One reason that these firms have high valuation is the near-zero interest rate policy of the Fed, he mentioned.

Experts urge rational judgment of investment in Alibaba Experts urge rational judgment of investment in Alibaba

 Alibaba jumps more than 40% in trading debut

 Alibaba makes its mark on Wall Street

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 毛片免费在线播放 | 亚洲久久久久 | 久草资源网 | 亚洲国产精品67194成人 | 91手机看片国产福利精品 | 综合久久久久久久 | 久久久久久久久免费影院 | 99在线热视频 | 自拍三级视频 | 天天激情站 | 国产欧美成人免费观看视频 | 欧美三级日韩三级 | 日韩 国产 欧美视频一区二区三区 | 日韩色视频一区二区三区亚洲 | 国产一二三区在线 | 在线亚洲黄色 | 欧美一区二区三区不卡片 | 国产系列在线播放 | 日韩欧美精品综合一区二区三区 | 精品一区二区三区在线成人 | 国产成人综合亚洲亚洲欧美 | 免费一级毛片无毒不卡 | 国产精品国产三级在线高清观看 | 波多野结衣一区二区三区在线观看 | 欧美丰满大乳大屁股毛片 | 久99re视频9在线观看 | 亚洲一级毛片中文字幕 | www.色亚洲| 特级毛片在线播放 | 国产精品久久久久久一级毛片 | 操操综合 | 久久91精品国产一区二区 | 男女无遮挡拍拍拍免费1000 | 亚洲欧美一区在线 | 免费观看日本高清a毛片 | 综合亚洲一区二区三区 | 一级做a爰性色毛片免费 | 久久看片网 | 永久天堂 | 国产区在线免费观看 | 亚洲一区二区三区欧美 |