5 Best Asian Stocks to Buy Now

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

Number of Hedge Fund Holders: 75 

JD.com, Inc. (NASDAQ: JD) stands third on our list of the best Asian stocks to buy now. It is one of the largest e-commerce companies in China and a Fortune Global 500 company. 

In Q1 2021, JD.com, Inc. (NASDAQ: JD) generated a revenue of over 203 billion CNY, up from 146.2 billion CNY during the same period last year. The stock price is also growing after seeing a low of $39 in March 2020. In February this year, the JD stock reached its all-time high and traded for $106 per share. Overall, JD.com, Inc. (NASDAQ: JD) stock has grown by 254.8% in the last 5 years. 

As of Q1 2021, 75 hedge funds tracked in our database have a stake in JD.com, Inc. (NASDAQ: JD). The total value of these stakes is $11.3 billion. 

An investment management firm, Arisaig Partners, published its Q1 2021 investor letter and mentioned JD.com, Inc. (NASDAQ: JD) in it. Here is what the firm has to say: 

“Our largest holding as a firm, JD.com, we expect to grow earnings at an annualized rate of 30% over the next five years, implying it will trade on an EV / EBITDA of 7.5x at the end of this period. Is this a growth stock or a value stock? Does anyone care? Do these labels really matter?

For the Asia Fund, with a higher pre-existing allocation to our core FMCG holdings coming into the year, we took advantage of capital market volatility to further concentrate on our highest conviction names. JD.com has been the main destination for our limited reallocations as evidence continues to emerge supporting our thesis that the company has a strong right-to-win in the large and highly fragmented USD1.8th Chinese grocery market. We have also been encouraged by the fact that after years of persistence, the company is beginning to engage with us on ESG issues (we have specifically discussed data protection, climate change and the circular economy). ESG is now being considered at the board level, and specific sustainability reporting should follow in the coming months. Having long displayed a healthy obsession with customer service, we interpret these latest conversations as a sign that JD is beginning to develop a more sophisticated understanding of its impact on all stakeholders.”