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Alibaba Added to Conviction Buy List

Alibaba (BABA) has been added to the conviction buy list of brokerage UOB Kay Hian, joining other Chinese internet stocks Tencent (700.HK) and Ctrip (CTRP).

The e-commerce giant was added as the brokerage cut IMAX China (1970.HK) from its list of high conviction calls because of the disappointing box office performances of three of the last four Hollywood movies it screened.

Analyst Julia Pan sees 22% upside for Alibaba shares. Here's why she is so bullish:

During its Investor Day, the company gave a stronger-than-expected FY18...