5 Cheap Chinese Stocks To Buy Now

2. H World Group Limited (NASDAQ:HTHT)

Number of Hedge Fund Holders: 30

Share Price as of October 25: $27.22

H World Group Limited (NASDAQ:HTHT) is a Shanghai-based company that develops leased, owned, and franchised hotels in the People’s Republic of China. On October 25, H World Group Limited (NASDAQ:HTHT) reported that third quarter’s revenue per available room rebounded to 90% of the 2019 levels in its Legacy-Huazhu business, driven by the pent-up leisure travel demand in the summer. H World Group Limited (NASDAQ:HTHT) is one of the top cheap Chinese stocks to buy now.

On August 31, HSBC analyst Lina Yan reiterated a Buy rating on H World Group Limited (NASDAQ:HTHT) but lowered the price target on the shares to $46.90 from $52.20 after the Q2 results. 

According to Insider Monkey’s second quarter database, 30 hedge funds held stakes worth $567.5 million in H World Group Limited (NASDAQ:HTHT), compared to 27 funds in the prior quarter worth $579.6 million.