5 Cheap Chinese Stocks to Buy Right Now

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1. Daqo New Energy Corp. (NYSE:DQ)

Forward Price To Earnings Ratio: 3.87

Number of Hedge Fund Investors In Q2 2023: 22

Daqo New Energy Corp. (NYSE:DQ) provides raw materials to solar panel manufacturers. A slow Chinese economy has hit the company rather hard since it has missed analyst EPS estimates in all five of its latest quarters – including Q3 2023.

During the previous quarter, 22 out of the 910 hedge funds tracked by Insider Monkey had invested in the company. Daqo New Energy Corp. (NYSE:DQ)’s biggest investor among these is Lei Zhang’s Hillhouse Capital Management courtesy of its $80.8 million investment.

Follow Daqo New Energy Corp (NYSE:DQ)

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