10 Best Chinese Stocks To Buy Now

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8. Yum China Holdings (NASDAQ: YUMC)

Number of hedge funds: 39

Total value of hedge fund holdings: $1.96 billion

YUMC ranks 8th among the 10 best Chinese stocks to buy now. Yum is a fast food company in China that, in 2016, was spun off Yum! Brands – the company that manages brands such as KFC, Taco Bell and Pizza Hut.  Our data shows that in 2020’s second quarter, YUMC was found on 35 hedge fund portfolios. The current number is 39, which means that Yum is at its all time high bullish number of hedge fund positions.

According to Insider Monkey’s hedge fund database, Guardian Capital’s GuardCap Asset Management has the number one position in Yum China Holdings, Inc. (NYSE:YUMC), worth close to $178.2 million, comprising 6.8% of its total 13F portfolio.

Yum China is still profitable in 2020 despite the coronavirus pandemic related store closures. YUMC shares also returned nearly 20% this year.

7. New Oriental Education & Technology Group Inc. (NASDAQ: EDU)

Number of hedge funds: 40

Total value of hedge fund holdings: $1.70 billion

More commonly known as just “New Oriental”, this company is a provider of educational services, including pre-school education, general courses for students of various age levels, online education, overseas study consulting, and textbook publishing.

The Chinese education company had total revenues of $2.45 billion in FY2018 and managed to increase this to $3.6 billion in FY2020. Its success and expansion in recent month make it a strong investment opportunity according to Ray Dalio’s list of 10 best growth stocks to buy now.

6. TAL Education Group (NASDAQ: TAL)

Number of hedge funds: 41

Total value of hedge fund holdings: $2.13 billion

TAL ranks 6th among the 10 best Chinese stocks to buy now. TAL Education Group offers some of the go-to comprehensive after-school tutoring services in various subjects. Tiger Global Management has the top position in hedge funds for TAL with $438 million in holdings. It is also found on Ray Dalio’s list of top growth stocks, underlining that this is another company in the education sector that investors have been enthusiastic about in Q3. Bridgewater raised its stake in the company by 53%, valued at $52 million at the end of September.

Click to continue reading and see the 5 best Chinese stocks to buy now.

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Disclosure: No positions. 10 Best Chinese Stocks To Buy is originally published at Insider Monkey.

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