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Highlights:
- Alibaba Group Holding Limited's (NYSE:BABA) revenue increased by 9% YoY in the March quarter.
- Pinduoduo Inc. (NASDAQ:PDD) revenue rose 7% YoY in Q1, FY22.
- NIO Inc. (NYSE:NIO) revenue rose over 122% YoY in fiscal 2021.
The US-listed Chinese stocks are on investors’ radar as China starts lifting the pandemic restrictions imposed after fresh Covid-19 cases surfaced in some cities. In recent months, Chinese stocks have been volatile under the weight of regulatory crackdowns and covid lockdowns.
However, the Chinese e-commerce firms received a major boost in the first quarter as online shopping became essential for most people due to the new lockdowns. Economists say the easing of restrictions would help improve China’s economic outlook, which previously looked grim.
Here we explore some of the top US-listed Chinese stocks worth watching in June.
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Alibaba Group Holding Limited (NYSE:BABA)
Alibaba is one of the leading technology companies specializing in e-commerce, retail, and other related internet services. It is based in Hangzhou, China.
The shares of the company closed at US$93.41 on May 27, down 1.13% from their closing price of May 26. Its stock value decreased by 21.52% YTD.
The firm has a market cap of US$249.87 billion, a P/E ratio of 30.43, and a forward one-year P/E ratio of 14.35. Its EPS is US$3.07.
The 52-week highest and lowest stock prices were US$230.89 and US$73.28, respectively. Its trading volume was 26,715,970 on May 27.
The company reported revenue of RMB 204.05 billion (US$32.18 billion) in Q4, FY22, representing an increase of 9% YoY, while its net loss came in at US$18.35 billion (US$2.89 billion). For fiscal 20222, the company's revenue increased by 19% YoY to RMB 853.06 billion (US$134.56 billion).
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Source: Pixabay
Pinduoduo Inc. (NASDAQ:PDD)
Pinduoduo is an e-commerce technology platform specializing in the agriculture sector. The Shanghai-based connects farmers, distributors, and consumers directly.
The stock of the company closed at US$48.30 on May 27, up 15.19% from its previous closing price. The PDD stock fell 13.9% YTD.
The market cap of the company is US$61.06 billion, the P/E ratio is 32.86, and the forward one-year P/E ratio is 36.87. Its EPS is US$1.47.
The stock touched a peak price of US$143.11 and the lowest price of US$23.21 in the last 52 weeks. Its share volume on May 27 was 31,700,190.
The company reported revenue of RMB 23.79 billion (US$3.75 billion) in Q1, FY22, representing an increase of 7% YoY. Its net income came in at RMB 2.59 billion (US$410.05 million), against a loss of RMB 2.90 billion in the first quarter of fiscal 2021.
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JD.com, Inc. (NASDAQ:JD)
JD.com is one of the leading e-commerce companies focused on business-to-consumer (B2C) online retail services in China. The company is based in Beijing, China.
The shares of the company closed at US$53.68 on May 27, up 1.82% from their closing price of May 26. Its stock value plunged 21.44% YTD.
The firm has a market cap of US$83.83 billion, and a forward one-year P/E ratio of 41.29. Its EPS is US$-1.02.
The 52-week highest and lowest stock prices were US$92.69 and US$41.56, respectively. Its trading volume was 10,263,610 on May 27.
The company's revenue increased by 18% YoY to RMB 239.7 billion (US$37.8 billion) in Q1, FY22. Its net loss came in at RMB 3.51 billion (RMB 555 million), against an income of RMB 3.64 billion in the same quarter of the prior year.
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Baidu, Inc. (NASDAQ:BIDU)
Baidu is a leading technology firm specializing in internet-related solutions like artificial intelligence (AI). It is based in Beijing.
The stock of the company closed at US$139.09 on May 27, up 2.13% from its previous closing price. The BIDU stock slipped 6.71% YTD.
The market cap of the company is US$48.06 billion, and the forward one-year P/E ratio is 27.38. Its EPS is US$-7.48.
The stock touched a peak price of US$209.17 and the lowest price of US$101.62 in the last 52 weeks. Its share volume on May 27 was 4,573,581.
The company posted revenue of RMB 28.41 billion (US$4.48 billion) in the first quarter of fiscal 2022, as compared to RMB 28.13 billion in the same quarter of the prior year. Its net loss was RMB 885 million (US$140 million), against an income of RMB 25.65 billion in Q1, FY21.
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NIO Inc. (NYSE:NIO)
NIO is an automobile manufacturing firm specializing in manufacturing electric vehicles. The company is based in Shanghai, China.
The shares of the company closed at US$16.57 on May 27, up 3.37% from their closing price of May 26. Its stock value ticked down 50.49% YTD.
The firm has a market cap of US$27.68 billion, and a forward one-year P/E ratio of -26.30. Its EPS is US$-1.04.
The 52-week highest and lowest stock prices were US$55.13 and US$11.67, respectively. Its trading volume was 51,414,780 on May 27.
The company will report its first-quarter fiscal 2022 financial results on June 9, before the opening bell.
Meanwhile, in the fourth quarter of fiscal 2021, the company reported revenue of RMB 9.90 billion (US$1.55 billion), representing an increase of 49.1% YoY, while its net loss came in at RMB 2.14 billion (US$321.6 million). For fiscal 2021, the company's revenue was RMB 36.13 billion (US$5.67 billion), up 122.3% YoY.
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Bottom line:
Last week, Wall Street’s main indices saw a strong rebound after witnessing their longest consecutive weekly declines in decades. Going with the trend, the S&P China Select ADR Index declined 19.91% YTD while decreasing 50.05% over the past 12 months. Hence, investors should carefully evaluate the current Chinese market scenario before investing in stocks.
