5 Cheap Chinese Stocks To Buy Now

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1. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 37

Share Price as of October 25: $10.26

KE Holdings Inc. (NYSE:BEKE) is a Beijing-based company that operates an integrated online and offline platform for housing transactions and services in China. The company has three segments – Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services. It is one of the best cheap Chinese stocks to invest in. 

Barclays analyst Jiong Shao on August 25 raised the price target on KE Holdings Inc. (NYSE:BEKE) to $26 from $24 and maintained an Overweight rating on the shares. The company’s “much stronger than expected” Q2 results offered a 30% revenue beat and indicate that Chinese consumers, especially those in higher tier cities, are “coming out in droves to scoop up homes,” the analyst told investors in a research note.

Among the hedge funds tracked by Insider Monkey, Andreas Halvorsen’s Viking Global held the leading position in KE Holdings Inc. (NYSE:BEKE), comprising 10.4 million shares worth nearly $187 million. Overall, 37 hedge funds in the second quarter database of Insider Monkey reported owning stakes in KE Holdings Inc. (NYSE:BEKE), up from 34 funds in the prior quarter. 

Here is what Tao Value has to say about KE Holdings Inc. (NYSE:BEKE) in its Q3 2021 investor letter:

“As witnessed in the past quarter, the government intervention in the Chinese private sector is elevated to an unprecedented level. Given this background, I thoroughly reviewed all our Chinese holdings and made a few changes. We exited KE holdings (ticker: BEKE), for high potential regulatory risk and the passing of the visionary founder & CEO Zuo Hui (who was a core tenet of our original thesis).”

You can also take a look at Top Small Cap Stocks With Huge Growth Potential and 10 Best Pharma Stocks To Buy

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