BABA to JD: 5 top US-listed Chinese stocks to explore in Q3

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BABA to JD: 5 top US-listed Chinese stocks to explore in Q3

 BABA to JD: 5 top US-listed Chinese stocks to explore in Q3
Image source: © Karenr | Megapixl.com

Highlights:

  • Alibaba Group Holding Limited’s (NYSE: BABA) revenue soared 9% YoY for the quarter that ended on March 31, 2022.
  • Li Auto Inc.’s (NASDAQ: LI) revenue jumped over 167% in Q1, FY22.
  • The PDD stock returned gains of over 8% YTD.

The US-listed Chinese companies have gained significant traction in recent days, following the Chinese government’s permission to let its local governments sell up to US$220 billion in bonds for infrastructure spending, according to a Bloomberg report on July 7. This news has also helped gains in the commodities globally.

Besides, the Commerce Ministry of China and over 15 other departments jointly issued a notice on July 7, supporting the purchase of a new energy vehicle (NEV). In addition, it would consider extending the buying-tax exemption of NEV.

This news lifted the investors' spirit, which was dampened due to China's "zero Covid" policy and lockdowns that had crippled its economy.

Here we explore some of the top US-listed Chinese stocks to explore that may continue to trend in the coming days.

Alibaba Group Holding Limited (NYSE: BABA)

Alibaba is a leading technology firm that specializes in e-commerce, retail, internet, and other related services. It is based in Hangzhou, China.

The shares of the company closed at US$120.90 on July 8, down by 1.22% from their closing price of July 7. Its stock value increased by 0.43% YTD.

The firm has a market cap of US$323.40 billion, a P/E ratio of 39.38, and a forward one-year P/E ratio of 19.07. Its EPS is US$3.07.

The 52-week highest and lowest stock prices were US$216.60 and US$73.28, respectively. Its trading volume was 27,221,430 on July 8.

The company reported a revenue of RMB 204.05 billion (US$32.18 billion) for the quarter that ended on March 31, 2022, representing an increase of 9% YoY. Its net loss attributable to common shareholders came in at RMB 16.24 billion (US$2.56 billion).

Top US-listed Chinese stocks to explore in JulySource: Pixabay

Baidu, Inc. (NASDAQ: BIDU)

Baidu is a technology firm that deals in internet-focused services and products, and artificial intelligence (AI) services. The company is based in Beijing, China.

The stock of the company closed at US$152.40 on July 8, down by 1.48% from its previous closing price. The BIDU stock rose 2.21% YTD.

The market cap of the company is US$52.83 billion, and the forward one-year P/E ratio is 26.37. Its EPS is US$-7.48.

The stock touched the highest price of US$187.48 and the lowest price of US$101.62 in the last 52 weeks. Its share volume on July 8 was 1,750,891.

The company's revenue increased by 1% YoY to RMB 28.41 billion (US$4.48 billion) in Q1, FY22. Its net loss came in at RMB 885 million (US$140 million), against an income of RMB 25.65 billion (US$3.8 billion) in Q1, FY21.

Li Auto Inc. (NASDAQ: LI)

Li Auto is a China-based electric vehicle manufacturing company.

The shares of the company closed at US$38.90 on July 8, down by 0.97% from their closing price of July 7. Its stock value soared 20.28% YTD.

The firm has a market cap of US$37.54 billion, a P/E ratio of 3890, and a forward one-year P/E ratio of -36.36. Its EPS is US$0.01.

The 52-week highest and lowest stock prices were US$41.49 and US$16.86, respectively. Its trading volume was 9,818,454 on July 8.

The company's total revenue soared 167.5% YoY to RMB 9.56 billion (US$1.51 billion) in Q1, FY22. Its net loss came in at RMB 10.9 million (US$1.7 million) against a loss of RMB 360 million (US$53.6 million) in Q1, FY21.

Pinduoduo Inc. (NASDAQ: PDD)

Pinduoduo is an agriculture-related technology firm that connects the farmers and distributors directly with the consumers through its platform. It is based in Shanghai, China.

The stock of the company closed at US$60.80 on July 8, down by 2.3% from its previous closing price. The PDD stock jumped 8.38% YTD.

The market cap of the company is US$76.87 billion, the P/E ratio is 41.36, and the forward one-year P/E ratio is 44.38. Its EPS is US$1.47.

The stock touched the highest price of US$114.88 and the lowest price of US$23.21 in the last 52 weeks. Its share volume on July 8 was 8,198,105.

The company reported a revenue of RMB 23.79 billion (US$13.75 billion) in Q1, FY22, up 7% YoY. Its net income was RMB 2.59 billion (US$410.1 million) compared to a loss of RMB 2.90 billion (US$433 million) in Q1, FY21.

US-listed Chinese stocks: BABA, BIDU, LI, PDD, JD

JD.com, Inc. (NASDAQ: JD)

JD.com is another leading Chinese e-commerce firm based in Beijing. It provides services to the B2C online retailers in the country.

The shares of the company closed at US$62.01 on July 8, down by 1.77% from their closing price of July 7. Its stock value decreased by 9.25% YTD.

The firm has a market cap of US$97.83 billion, and a forward one-year P/E ratio of 47.70. Its EPS is US$-1.02.

The 52-week highest and lowest stock prices were US$92.69 and US$41.56, respectively. Its trading volume was 6,004,142 on July 8.

The company's revenue increased by 18% YoY to RMB 239.7 billion (US$37.8 billion) in Q1, FY22. Its net loss attributable to ordinary shareholders was RMB 3 billion (US$0.5 billion) versus an income of RMB 3.6 billion (US$0.54 billion) in Q1, FY21.

Bottom line:

Even though the market stabilized in July, it has witnessed choppy trading in the first half of this year. The US indices marked their worst first-half percentage drop in decades. The S&P 500 index fell 18.12% YTD while decreasing 10.45% over the past 12 months.

Hence, the investors should closely evaluate the companies and the recent market scenario before considering an investment in stocks.

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