Top Chinese stocks to watch on Nasdaq, NYSE

Summary

• Tencent Music Entertainment Group (NYSE:TME) reported revenue of US$20.6 billion in Q1, 2021, an increase of 25 percent YoY.
• com, Inc. (Nasdaq:JD) reported net revenue of US$131 billion in Q1, 2021, up by 39 percent YoY.
• Baidu, Inc. (Nasdaq:BIDU) reported a net income of US$666 million in Q1, 2021.

China is the second-largest economy in the world. Over 240 Chinese companies trade on NYSE and Nasdaq exchanges. Their total market capitalization is around US$2.1 trillion. More Chinese companies are planning to list in the US in the coming months as global economic recovery opens new opportunities for them.

We explore here six Chinese stocks listed in the US stock exchanges.

Baidu, Inc. (Nasdaq:BIDU)

Baidu, Inc is a China-based technology company that focuses on artificial intelligence, internet-related products, and services. 

Its stock traded at US$175.37 at 12.02 pm ET on July 8, down by 4.06% over the previous closing price. Its stock prices are decreased by 19.1 percent YTD and increased by 34.23 percent YoY. Its market capitalization is US$61.1 billion.

Source: Pixabay.

The P/E ratio is 8.42 and the forward P/E 1 year is 30.30. Beta is 1.02. Earnings per share are US$20.89. The 52 weeks highest stock price is US$354.82, and the lowest is US$114.75. The share volume is 4,413,198.

It reported total revenue of US$4.4 billion in Q1, 2021. Net income was US$666 million. Diluted earnings per share were US$11.26. Adjusted EBITDA was US$901 million.

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Tencent Music Entertainment Group (NYSE:TME)

Tencent Music Entertainment Group is an online music platform and runs innovative music applications. 

Its stock traded at US$12.645 at 12.19 pm ET on July 8, down by 7.36% over the previous closing price. Its stock prices are decreased by 34.71 percent YTD and decreased by 24.91 percent YoY. Its market capitalization is US$21.4 billion.

The P/E ratio is 34.31 and the forward P/E 1 year is 36.89. Beta is 1.04. Earnings per share are US$0.37. The 52 weeks highest stock price is US$32.25, and the lowest is US$13.58. The share volume is 18,064,783.

 It reported total revenue of US$20.6 billion in Q1, 2021, 25 percent up YoY. Its operating profit was US$6.5 billion, up by 20 percent YoY. Profit for the period is US$5.3 billion, up by 23 percent YoY.

Source: Pixabay.

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JD.com, Inc. (Nasdaq:JD)

JD.com, Inc. is one of the largest retailers and e-commerce companies.

Its stock traded at US$70.52 at 12.42 pm ET on July 8, down by 3.01% over the previous closing price. Its stock prices are decreased by 18.31 percent YTD and increased by 7.86 percent YoY. Its market capitalization is US$109.7 billion.

The P/E ratio is 14.55 and the forward P/E 1 year is 69.24. Beta is 0.75. Earnings per share are US$4.84. The 52 weeks highest stock price is US$108.29, and the lowest is US$58.76. The share volume is 6,750,890.

It reported net revenue of US$131 billion in Q1, 2021, up by 39 percent YoY. Income from operations was US$0.3 billion. Active customers' accounts increased to 499.8 million.

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Weibo Corporation (Nasdaq:WB)

Weibo Corporation is a social media platform for users to post, share content.

Its stock traded at US$59.65 at 12.54 pm ET on July 8, up by 0.22% over the previous closing price. Its stock prices are increased by 46.70 percent YTD and increased by 56.31 percent YoY. Its market capitalization is US$13.5 billion.

The P/E ratio is 43.78 and the forward P/E 1 year is 26.57. Beta is 1.08. Earnings per share are US$1.36. The 52 weeks highest stock price is US$64.70, and the lowest is US$32.50. The share volume is 926,559.

It reported net revenue of US$458.9 million in Q1, 2021, up by 42 percent YoY. Its net income was US$49.8 million or US$0.22 per diluted share.

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Trip.com Group Limited (Nasdaq:TCOM)

Trip.com Group Limited provides travels services like transportation tickets, accommodation reservations, packaged tours, and corporate travel.

Its stock traded at US$31.825 at 1.03 pm ET on July 8, down by 4.87% over the previous closing price. Its stock prices are decreased by 5 percent YTD and increased by 17.04 percent YoY. Its market capitalization is US$20 billion.

The P/E ratio is 33.18 and the forward P/E 1 year is 557.33. Beta is 1.29. Earnings per share are US$0.96. The 52 weeks highest stock price is US$45.19, and the lowest is US$25.86. The share volume is 5,178,974.

It reported revenue of US$628 million in Q1, 2021, a 13 percent decrease over YoY. The gross margin was 75 percent as compared to 74 percent YoY. Adjusted EBITDA was US$33 million. Earnings per share were US$0.44 per diluted share.

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Full Truck Alliance Co. Ltd. (NYSE:YMM)

Full Truck Alliance Co. Ltd is an online road logistics company. It constructs China's road logistics infrastructure and provides a freight-truck matching system and integrated services truck owners.

Its stock traded at US$15.33 at 1.54 pm ET on July 8, down by 9.82% over the previous closing price. Its market capitalization is US$16.8 billion. The 52 weeks highest stock price is US$22.80, and the lowest is US$14.89. The share volume is 4,207,707.

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Pinduoduo Inc (Nasdaq:PDD)

Pinduoduo Inc provides technology for agriculture. It connects farmers with consumers and distributors.

Its stock traded at US$109.83 at 2.02 pm ET on July 8, down by 0.45% over the previous closing price. Its market capitalization is US$136.8 billion. The 52 weeks highest stock price is US$212.60, and the lowest is US$69.89. The share volume is 5,521,254. Its forward P/E 1 Yr. is -220.58, and beta is 1.45. Earnings per share are US$-0.74.

It reported total revenue of US$13.3 billion in Q1, 2021, ended on March 31, up by 239 percent YoY. Its operating loss was US$633 million.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.