BABA to BIDU: Top US-listed Chinese stocks to watch in Q2

Be the First to Comment Read

BABA to BIDU: Top US-listed Chinese stocks to watch in Q2

From BABA to BIDU: Top US-listed Chinese stocks to watch in Q2
Image source: © Everythingpossible | Megapixl.com

Highlights:

  • Alibaba Group Holding Limited (NYSE: BABA) revenue rose 10% YoY in Q4, FY21.
  • com, Inc. (NASDAQ: JD) revenue jumped 27.6% YoY in fiscal 2021.
  • Baidu, Inc. (NASDAQ: BIDU) total revenue soared 16% YoY in fiscal 2021.

The US-listed Chinese stocks are on investors' radar after China reiterated its pledge to carry out reforms in the equities market. It said it will also provide support to firms listed overseas.

Also Read: Why is Polygon (MATIC) rising? Does it have a Robinhood connection?

Last Friday, Chinese stocks soared on a report that China considering granting full access to company audits by US regulators. But a spike in Covid-19 cases in China have reduced the enthusiasm. Premier Li Keqiang has warned that it may slow down China’s economic growth.

Here we explore some of the US-listed Chinese stocks in focus.

Also Read: Why is Celer Network (CELR) crypto rising?

Alibaba Group Holding Limited (NYSE: BABA)

Alibaba is one of the leading Chinese technology companies that primarily focus on e-commerce, retail, internet, and other related services. It is based in Hangzhou, China.

The shares of the company traded at US$101.21 at 12:58 pm ET on April 12, down 0.32% from their closing price of April 11. Its stock value increased by 30.59% in the last 30 days.

The firm has a market cap of US$272.13 billion, a P/E ratio of 27.15, and a forward one-year P/E ratio of 16.27. Its EPS is US$3.73.

The 52-week highest and lowest stock prices were US$245.69 and US$73.28, respectively. Its trading volume was 23,504,130 on April 11.

The company's revenue increased by 10% YoY to US$38.06 billion for the quarter that ended on December 31, 2021, while its net income came surged 75% YoY to US$3.01 billion.

Also Read: Why is Sphere Finance (SPHERE) crypto gaining attention?

Top US-listed Chinese stocks to explore in Q2, FY22Source: Pixabay

JD.com, Inc. (NASDAQ: JD)

JD.Com is another major Chinese e-commerce company based in Beijing, China. It primarily provides business-to-consumer (B2C) online retail services through its platform.

The stock of the company traded at US$57.63 at 1:05 pm ET on April 12, up 1.41% from its previous closing price. The JD stock rose 32.35% in the last 30 days.

The market cap of the company is US$90.24 billion, and the forward one-year P/E ratio is 42.41. Its EPS is US$-0.38.

The stock saw the highest price of US$92.69 and the lowest price of US$41.56 in the last 52 weeks. Its share volume on April 11 was 8,787,566.

The company's net revenue jumped 23% YoY to US$43.3 billion in Q4, FY21, while its net loss attributable to ordinary shareholders came in at US$810.43 million, or US$0.26 per diluted share. For the full fiscal 2021, the company's net revenue grew 27.6% YoY to US$149.3 billion.

Also Read: Ampere Computing files for IPO, here's all you need to know

NetEase, Inc. (NASDAQ: NTES)

NetEase is an internet technology firm that provides various online services and engages in the development and operations related to online PC, mobile games, advertising, etc. It is based in Hangzhou, China.

The shares of the company traded at US$93.15 at 1:12 pm ET on April 12, down 1.96% from their closing price of April 11. Its stock value soared 32.83% in the last 30 days.

The firm has a market cap of US$250.00 billion, a P/E ratio of 24.01, and a forward one-year P/E ratio of 24.68. Its EPS is US$3.88.

The 52-week highest and lowest stock prices were US$120.84 and US$68.62, respectively. Its trading volume was 4,117,408 on April 11.

The company's net revenue jumped 23.3% YoY to US$3.8 billion in Q4, FY21, while its net income attributable to the company's shareholders came in at US$893.5 million, or US$0.27 per basic share. For fiscal 2021, the company's net revenue was US$13.74 billion.

Also Read: Is Mindbody planning to go public again?

Baidu, Inc. (NASDAQ: BIDU)

Baidu is a leading multinational technology firm that specializes in internet-related solutions and products, and artificial intelligence (AI). It is based in Beijing, China.

The stock of the company traded at US$133.58 at 1:25 pm ET on April 12, up 0.40% from its previous closing price. The BIDU stock surged 22.1% YTD.

The market cap of the company is US$46.16 billion, the P/E ratio is 31.59, and the forward one-year P/E ratio is 24.19. Its EPS is US$4.23.

The stock saw the highest price of US$222.95 and the lowest price of US$102.18 in the last 52 weeks. Its share volume on April 11 was 2,835,648.

The company's total revenue rose 9% YoY to US$5.19 billion in Q4, FY21, while its net income came in at US$269 million. For fiscal 2021, the company's total revenue soared 16% YoY to US$19.53 billion.

Also Read: Why is Valencia CF Fan Token (VCF) crypto gaining traction?

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

Pinduoduo Inc. (NASDAQ: PDD)

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

The shares of the company traded at US$42.47 at 1:51 pm ET on April 12, up 0.59% from their closing price of April 11. Its stock value fell 24.74% YTD.

The firm has a market cap of US$53.55 billion, a P/E ratio of 52.11, and a forward one-year P/E ratio of 32.23. Its EPS is US$0.82.

The 52-week highest and lowest stock prices were US$144.35 and US$23.21, respectively. Its trading volume was 15,213,160 on April 11.

The company's total revenue rose 3% YoY to US$4.27 billion in Q4, FY21, while its net income attributable to ordinary shareholders came in at US$1.03 billion, or US$0.18 per diluted share. For fiscal 2021, the company's total revenue jumped 58% YoY to US$14.74 billion.

Also Read: What is Earncraft (PLOT) crypto and why is it rising?

Bottom line:

The S&P China Select ADR Index increased by 16.70% over the past 30 days while declining 17.09% YTD. However, investors should consider regulatory issues and the wider market in China before investing in Chinese stocks.

Disclaimer

Speak your Mind

Featured Articles