How are US-listed Chinese stocks performing in November?

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How are US-listed Chinese stocks performing in November?

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 How are US-listed Chinese stocks performing in November?
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Highlights

  • Alibaba Group Holding Limited (NYSE: BABA) revenue surged 29% YoY in the quarter ended on Sept 30, 2021.

  • The revenue of JD.com, Inc. (NASDAQ: JD) rose over 25% YoY in Q3, FY21.

  • XPeng Inc. (NYSE: XPEV) will report its financial results for third-quarter fiscal 2021 on Nov 23 before the opening bell.

The US-listed Chinese stocks have been gaining traction after the virtual summit between President Joe Biden and Chinese leader Xi Jinping this week.

Here we explore some of the Chinese stocks that may benefit from the US-China talks.

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Alibaba Group Holding Limited (NYSE: BABA)

Alibaba is one of the leading e-commerce firms based in Hangzhou, China. It also has interests in the internet and technology services.

The shares of the company traded at US$143.208 at 2:11 pm ET on November 18, down by 11.33% from their closing price of November 17. Its stock value decreased by 29.08% YTD.

The firm has a market cap of US$389.34 billion, a P/E ratio of 17.51, and a forward P/E one year of 21.49. Its EPS is US$8.20.

The 52-week highest and lowest stock prices were US$280.61 and US$138.43, respectively. Its trading volume was 18,829,530 on November 17.

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The company reported its quarterly financial results on Thursday before the opening bell. The company reported revenue of RMB200.69 billion (US$31.14 billion) for the quarter that ended on September 30, 2021, up 29% from the year-ago quarter. Its income from operations increased by 10% YoY to RMB15 billion (US$2.32 billion) in the quarter. Its non-GAAP net income decreased by 39% YoY to RMB28.52 billion (US$4.42 billion) or RMB1.40 (US$0.22) per share.

Alibaba has cut its guidance after the results. It now expects its full fiscal 2022 revenue growth to be between 20% and 23% YoY, down from its earlier forecast of about 29.5% YoY.

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US-listed Chinese stocks: BABA, JD, LI, XPEV, SOHU

 

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JD.com, Inc. (NASDAQ: JD)

JD.com is an e-commerce company based in Beijing, China, and offers B2C retail services in China.

The stock of the company was priced at US$87.29 at 2:22 pm ET on November 18, up 4.98% from its previous closing price. The JD stock tumbled 3.68% YTD.

The market cap of the company is US$135.86 billion, the P/E ratio is 25.45, and the forward P/E one year is 122.28. Its EPS is US$3.44.

The stock saw the highest price of US$108.29 and the lowest price of US$61.65 in the last 52 weeks. Its share volume on November 17 was 7,427,147.

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The company released its third-quarter results on Thursday, topping analysts' estimates. The company's revenue jumped 25.5% YoY to RMB218.7 billion (US$33.9 billion) in Q3, FY21. Its income from operations came in at RMB2.6 billion (US$0.4 billion), as compared to RMB4.4 billion in the same quarter of the previous year.

JD.com's non-GAAP net income attributable to ordinary stockholders came in at RMB5 billion (US$0.8 billion) versus an income of RMB5.6 billion in Q3, FY20.

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Li Auto Inc. (NASDAQ: LI)

Li Auto Inc. is a Chinese electric vehicle manufacturing company based in Changzhou.

The shares of the company traded at US$30.60 at 2:41 pm ET on November 18, down by 4.91% from their closing price of November 17. Its stock value fell 0.86% YTD. The firm has a market cap of US$31.39 billion and a forward P/E one year of -357.56. Its EPS is US$-0.16.

The 52-week highest and lowest stock prices were US$47.70 and US$15.98, respectively. Its trading volume was 6,600,319 on November 17.

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Meanwhile, analysts have upgraded the price target for the stock following the news that the firm has more than doubled its vehicle delivery in October compared to the same period in the previous year.

It delivered 7,649 vehicles in October, up from 7,094 in September.

The firm will report its third-quarter financial results at 7:30 am ET on November 29.

Meanwhile, in the second quarter of fiscal 2021, the company delivered 17,575 vehicles, an increase of 166.1% YoY. Its total revenue surged 158.8% YoY to RMB5.03 billion (US$0.79 billion) in Q2, FY21, while its net loss came in at RMB235.5 million (US$36.88 million), up 213.2% YoY.

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XPeng Inc. (NYSE: XPEV)

XPeng is an electric vehicle manufacturing firm based in Guangzhou, China. It focuses on designing and developing technologies for EVs.

The stock of the company was priced at US$46.59 at 2:56 pm ET on November 18, down by 3.54% from its previous closing price. The XPEV stock rose 9.52% YTD. The market cap of the company is US$39.85 billion, and the forward P/E one year is -49.29. Its EPS is US$-1.29.

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The stock saw the highest price of US$74.49 and the lowest price of US$22.73 in the last 52 weeks. Its share volume on November 17 was 8,941,516. The firm will release its third-quarter financial performance report at 8:00 at ET on November 23.

In the second quarter, the company's vehicle deliveries surged 439% YoY to 17,398. Its revenue increased by 536.7% YoY to RMB3.76 billion (US$0.59 billion) in Q2, FY21. Its net loss came in at RMB1.19 billion (US$185 million) against a loss of US$146.04 million in the same quarter of the previous year.

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US-listed Chinese stocks are gaining investors’ attention in November

Source: Pixabay

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Sohu.com Limited (NASDAQ: SOHU)

Sohu is a Beijing-based internet company that offers advertising, search engine, and online gaming services to users.

The shares of the company traded at US$17.26 at 3:05 pm ET on November 18, down by 4.96% from their closing price of November 17. Its stock value increased by 11.82% YTD.

The firm has a market cap of US$676.46 million, a P/E ratio of 0.7, and a forward P/E one year of 7.47. Its EPS is US$24.43.

The 52-week highest and lowest stock prices were US$24.99 and US$15.04, respectively. Its trading volume was 531,349 on November 17.

The company's revenue was up 37% YoY to US$216 million in Q3, FY21. Its net income came in at US$769.06 million, against a loss of US$57.48 million in the same quarter of the previous year.

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Bottomline

Currently, 248 Chinese companies are listed in the US stock exchanges with a total market cap of US$2.1 trillion, according to the US-China Economic and Security Review Commission. Although the virtual summit between the two leaders helped ease some tension, it didn't yield any resolution on the US-China trade dispute that began in 2018 when President Trump was at the helm. Analysts believe the Chinese stocks would do better with the normalization of bilateral ties.

Disclaimer

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