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Highlights
- Alibaba Group Holding Limited (NYSE:BABA) revenue jumped 10% YoY for the quarter ended December 31, 2021.
- JD.com, Inc. (NASDAQ:JD) net revenue rose 23% YoY in Q4, FY21.
- Baidu, Inc. (NASDAQ:BIDU) revenue rose 21% YoY in fiscal 2021.
The US-listed Chinese stocks gained attention on Wednesday as dip buyers stopped their five-day losing streak. The market has witnessed choppy trading lately due to Russia's invasion of Ukraine that elevated inflation and macroeconomic concerns.
The Chinese stocks struggled to halt a continuous decline after Beijing's crackdown on tech companies. The clampdown intensified just after DiDi Global was listed in the US last year.
Let's explore the performance of the top US-listed Chinese stocks amid a topsy-turvy market.
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Alibaba Group Holding Limited (NYSE:BABA)
Alibaba is one of the world’s leading technology companies specializing in e-commerce, retail, internet services, etc. It is based in Hangzhou, China.
The shares of the company traded at US$92.28 at 12:03 pm ET on March 10, down 8.57% from their closing price of March 9. Its stock value decreased by 56.92% over the past 12 months.
The firm has a market cap of US$244.88 billion, a P/E ratio of 24.43, and a forward one-year P/E ratio of 16.66. Its EPS is US$3.73.
The 52-week highest and lowest stock prices were US$245.69 and US$95.57, respectively. Its trading volume was 20,853,630 on March 9.
The company's revenue surged 10% YoY to US$38.06 billion for the quarter ended on December 31, 2021, while its net income attributable to ordinary shareholders was US$3.20 billion, or US$0.15 per diluted share.
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Source: Pixabay
Pinduoduo Inc. (NASDAQ:PDD)
Pinduoduo is one of the major agriculture-focused technology firms that allows farmers and distributors to connect with consumers directly. It is based in Shanghai, China.
The stock of the company traded at US$35.79 at 12:09 pm ET on March 10, down 17.42% from its previous closing price. The PDD stock fell 70.74% over the past 12 months.
The market cap of the company is US$44.79 billion, and the forward one-year P/E ratio is 100.79. Its EPS is US$-0.08.
The stock saw the highest price of US$169.45 and the lowest price of US$37.17 in the last 52 weeks. Its share volume on March 9 was 7,731,168.
The company is yet to release its fourth-quarter fiscal 2021 results.
Meanwhile, in the third quarter of fiscal 2021, the company's total revenue surged 51% YoY to US$3.34 billion, while its net income came in at US$254.51 million, or US$0.04 per diluted share.
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JD.com, Inc. (NASDAQ:JD)
JD.com is a leading e-commerce company based in Beijing, China. It offers business-to-consumer (B2C) online retail products and services in China.
The shares of the company traded at US$52.09 at 12:18 pm ET on March 10, down 16.52% from their closing price of March 9. Its stock value declined 30.15% over the past 12 months.
The firm has a market cap of US$81.31 billion, a P/E ratio of 21.19, and a forward one-year P/E ratio of 66.38. Its EPS is US$2.47.
The 52-week highest and lowest stock prices were US$94.40 and US$56.41, respectively. Its trading volume was 9,487,275 on March 9.
The company's net revenue surged 23% YoY to US$43.29 billion in Q4, FY21, while its net loss came in at US$834.62 million, or US$0.26 per diluted share. For fiscal 2021, the company's net revenue jumped 27.6% YoY to US$149.32 billion.
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NetEase, Inc. (NASDAQ:NTES)
NetEase is a Chinese internet technology firm that offers online content, community services, communications, and commerce. In addition, the company provides mobile videogames, advertising services, etc., in China. It is based in Guangzhou, China.
The stock of the company traded at US$82.135 at 12:24 pm ET on March 10, down 6.85% from its previous closing price. The NTES stock tumbled 16.58% over the past 12 months.
The market cap of the company is US$221.18 billion, the P/E ratio is 21.24, and the forward one-year P/E ratio is 22.83. Its EPS is US$3.88.
The stock saw the highest price of US$120.84 and the lowest price of US$77.97 in the last 52 weeks. Its share volume on March 9 was 3,654,682.
The company's revenue increased by 23.3% YoY to US$3.82 billion in Q4, FY21, while its net income attributable to shareholders came in at US$893.53 million, or US$0.31 per diluted share. For fiscal 2021, the company's revenue was US$13.74 billion.
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Baidu, Inc. (NASDAQ:BIDU)
Baidu is one of the largest technology companies based in Beijing, China. It focuses on internet-related products, including artificial intelligence (AI) services.
The shares of the company traded at US$134.15 at 12:57 pm ET on March 10, down by 6.99% from their closing price of March 9. Its stock value plunged 43.47% over the past 12 months.
The firm has a market cap of US$46.78 billion, a P/E ratio of 31.77, and a forward one-year P/E ratio of 25.99. Its EPS is US$4.23.
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The 52-week highest and lowest stock prices were US$278.21 and US$132.03, respectively. Its trading volume was 3,303,007 on March 9.
The company's total revenue surged 12% YoY to US$4.07 billion in Q4, FY21, while its non-GAAP net income came in at US$726 million. For fiscal 2021, the company's total revenue jumped 21% YoY to US$14.93 billion.
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Bottom line:
On Wednesday, the market closed in the positive territory as investors' appetite for risk-taking increased. The Chinese stocks also rallied, helping gains in the market. Now investors are eagerly waiting on Fed's updates on rate hikes this year.
Though the market is expected to rebound from the recent slump, investors should closely evaluate the companies before investing in stocks.
