5 Best Asian Stocks To Buy Now

In this piece, we will take a look at the five best Asian stocks to buy now. If you want to learn more about the Asian economy, then read 12 Best Asian Stocks To Buy Now.

5. Trip.com Group Limited (NASDAQ:TCOM)

Number of Hedge Fund Investors In Q2 2023: 44

Trip.com Group Limited (NASDAQ:TCOM) is a travel services company that allows customers to book hotels, tickets, and tours. Seems like Wall  Street is quite bullish on the stock, as not only have analysts rated it as Strong But on average, but TD Cowen and Barclays maintained Outperform and Overweight share ratings in October 2023.

During Q2 2023, 44 out of the 910 hedge funds profiled by Insider Monkey were Trip.com Group Limited (NASDAQ:TCOM)’s investors. Richard S. Pzena’s Pzena Investment Management owns the biggest stake among these, which is worth $230 million and comes via 6.5 million shares.

4. Sea Limited (NYSE:SE)

Number of Hedge Fund Investors In Q2 2023: 62

Sea Limited (NYSE:SE) is a Singaporean software company that provides entertainment, financial, and other services through its applications. The firm’s shares gained in September 2023 as its market potential in Indonesia grew in the aftermath of regulations that target rival platform TikTok.

Insider Monkey scoured through 910 hedge fund portfolios for 2023’s June quarter and discovered that 62 had bought the software company’s shares. Sea Limited (NYSE:SE)’s largest hedge fund investor is Nitin Saigal and Dan Jacobs’s Kora Management due to its $223 million investment.

3. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Investors In Q2 2023: 64

JD.com, Inc. (NASDAQ:JD) is a Chinese eCommerce firm that sells electronics, appliances, and other products. As the Chinese consumer strength remains low, the firm’s shares have dropped by 56% year to date. However, analysts at Kraneshare believe that the share weakness is due to China’s weak consumer environment, particularly since JD.com, Inc. (NASDAQ:JD)’s focus on big brands leaves its market vulnerable to low discretionary spending.

By the end of this year’s second quarter, 64 out of the 10 hedge funds part of Insider Monkey’s database had held a stake in JD.com, Inc. (NASDAQ:JD). Out of these, the firm’s biggest shareholder is Chase Coleman and Feroze Dewan’s Tiger Global Management LLC as it owns $719 million worth of shares.

2. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Investors In Q2 2023: 112

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese internet and technology conglomerate. It has beaten analyst EPS estimates in all four of its latest quarters and is currently focusing on the Singles’ Day in China to drive up spending in a slow economy.

After digging through 910 hedge fund portfolios for 2023’s June quarter, Insider Monkey discovered 112 Alibaba Group Holding Limited (NYSE:BABA) shareholders. David Tepper’s Appaloosa Management LP owns the largest stake among these, which is worth $372 million.

1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Investors In Q2 2023: 121

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese contract chip manufacturer. The firm is currently caught in the crossfire between the U.S. and China due to Taiwan’s disputed status, which also threatens the global semiconductor supply chain since TSMC is the only company capable of producing the latest chips in high volume.

121 out of the 910 hedge funds tracked by Insider Monkey for their Q2 2023 shareholdings were the firm’s investors. Ken Fisher’s Fisher Asset Management is Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s biggest hedge fund investor since it owns 29.5 million shares for a whopping $2.9 billion stake.

Disclosure: None. You can also take a look at Billionaire Ray Dalio’s 15 Best Stock Picks and 12 Best Performing NASDAQ Stocks in 2023.

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