$BABA-W(09988.HK)

Alibaba remains my core long-term investment. Its valuation is a major differentiator in the Hong Kong tech space, offering a unique mix of earnings recovery, capital returns and AI growth.

With its P/B ratio near 5-year lows, the stock is significantly undervalued. It also offers a superior yield compared to peers like Meituan and Baidu. For those seeking a strong risk/reward profile over high-multiple, no-yield stocks, Alibaba is the standout choice.

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