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π TOP 5 Chinese companies on US stock exchanges
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Despite the undeclared trade war, Chinese businesses are in no hurry to leave the US stock market, especially since mutual trade is slowly but surely growing. We invite you to pay attention to large companies from the Middle Kingdom that are listed on American stock exchanges.
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β’ Alibaba Group Holding Limited (NYSE: BABA)
Analysts maintain confident buy recommendations for the global retailer, although in the second quarter of 2024, revenue is expected to decline by 4.5-5% and profit by 10%. But in the next 3-4 months the positive dynamics will not be canceled.
First target: is $105-110, then, if the market is favorable, the zone is $120 and higher.
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β’ NetEase, Inc. (NASDAQ: NTES)
Thanks to the normalization of the legal framework and a huge range of mobile games, the company returned to growth.
NetEase claims that it does not use technologies from the US sanctions list and is ready to reach new highs next year.
First target: is $118-120, then the zone above $125-127.
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β’ JD.Com Inc. (NASDAQ: JD)
The e-commerce leader expects profit growth of at least 5.5% in the first quarter, and another 1.5-3% in the second quarter of 2024. The forecasts of analysts from 64 large hedge funds that have JD shares in their assets confirm this optimism.
First target: is $43-48, then the zone above $50.
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β’ Baidu, Inc. (NASDAQ: BIDU)
Leader of Chinese Internet search is counting on profitable monetization of ChatGPT Open AI technologies and generative Ernie Bot. Profit growth is planned at 1.5-3% in the first half of next year.
First target: $147-152, then $172 and higher.
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β’ Li Auto Inc. (NASDAQ: LI)
Manufacturer of hybrid crossovers plans to take a 20% share of the NEV market in China and about 7-15% in the Asian region by 2025. Only American political fuss with licensing control can prevent these plans.
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First target: $45-47; after the correction, a zone above the $50 level may be relevant.
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Profits to yβall!