5 Most Undervalued Hong Kong Stocks To Buy According To Hedge Funds

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 128

We include Alibaba Group Holding Limited (NYSE:BABA) in our list of Hong Kong stocks loved by hedge funds since the Chinese ecommerce retailer is listed on the Hong Kong stock exchange as well as it received its listing in the country last year. In fact, Alibaba Group Holding Limited (NYSE:BABA) had plans to have its primary listing in Hong Kong. However, Bloomberg in November 2022 reported that Alibaba Group Holding Limited (NYSE:BABA)’s plans to convert its listing in Hong Kong to primary listing were delayed.

Alibaba Group Holding Limited (NYSE:BABA) has a PE ratio of 20.82 as of May 30 morning. Alibaba Group Holding Limited (NYSE:BABA) is one of the most popular stocks among elite hedge funds. Out of the 943 hedge funds in Insider Monkey’s database, 128 hedge funds held stakes in Alibaba Group Holding Limited (NYSE:BABA), significantly up from 113 hedge funds in the previous quarter.

You can also take a peek at 10 Most Profitable Small Businesses in 2023 and 10 Best April Dividend Stocks To Buy.

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