5 Best Hong Kong Stocks To Buy For 2021

Page 5 of 5

1. Pinduoduo Inc. (NASDAQ: PDD)

Pinduoduo (NASDAQ: PDD) is Zhang Lei’s largest stock holding, according to the latest filings. His hedge fund raised its stake in the Chinese e-commerce platform during the fourth quarter of 2020 by 8.72% to 14.45% of the overall portfolio. Shares of Pinduoduo fell 8.5% since the beginning of this year despite a 360% increase in the last twelve months.

Tao Value, which generated a return of 26.43% for the fourth quarter, highlighted a few stocks including Pinduoduo in the Q4 investor letter. Here is what Toa Value stated:

“Pinduoduo (ticker: PDD) reported a very strong Q3 2020, beating key KPIs all-around (GMV, active buyers & Revenue). It even surprisingly recorded the first non-GAAP profit (RMB466 million). Yet, the more important development is Duoduo Maicai, a new fresh grocery initiative. It is a natural extension of Pinduoduo’s deep root in agriculture e-commerce, and I think the logistic expertise it accumulated over years should help them compete. It is also a very nascent market, which attracts other tech giants (including Meituan & Alibaba). I will watch very closely on the developments.”

You can also take a peek at Billionaire Jim Simons’ Top 10 Stock Picks and Billionaire Steve Cohen’s Top 10 Stock Picks.

Page 5 of 5