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12 Best Asian Stocks To Buy Heading Into 2023

In this article, we discuss 12 best Asian stocks to buy heading into 2023. If you want to see more stocks in this selection, check out 5 Best Asian Stocks To Buy Heading Into 2023

On November 21, Citigroup became increasingly bullish on Chinese equities, upgrading Hong Kong to Overweight in Asia, noting that Beijing’s changes in Covid Zero policies should boost earnings. Similarly, the government’s support to elevate the property sector will support Chinese stocks as well. President Xi Jinping’s rigid policies have shifted, which has turned the market in New York and London bullish on Asia. Robert Buckland, a strategist at Citi, wrote in a note on November 20:

“Reopening — along with support for the property sector — should help stabilize the current China EPS downturn and support investor sentiment. China could offer an attractive domestic-driven recovery story even as other major economies are slowing sharply.”

Similarly, Morgan Stanley, which has been cautious about the Asian region for most of this year, raised its estimates for China’s stocks last week, forecasting the MSCI China Index to rally 14% by the conclusion of next year. Bank of America has also become optimistic about China, where some primary equity gauges lost more than a third of their value this year through October, making them the world’s biggest losers.

JPMorgan Chase moved even quicker than the other Wall Street experts, naming the Chinese market downturn a buying opportunity in late October. This is a massive shift from JPMorgan’s “uninvestable” tag for Chinese internet firms at the beginning of 2022. Some of the best Chinese stocks to buy for 2023 include Alibaba Group Holding Limited (NYSE:BABA), JD.com, Inc. (NASDAQ:JD), and Pinduoduo Inc. (NASDAQ:PDD). 

Our Methodology 

We selected the following Chinese stocks based on positive analyst coverage, strong business fundamentals, and future growth prospects. We have assessed the hedge fund sentiment from Insider Monkey’s database of 920 elite hedge funds tracked as of the end of the third quarter of 2022. 

Best Asian Stocks To Buy Heading into 2023

12. Tencent Music Entertainment Group (NYSE:TME)

Number of Hedge Fund Holders: 17

Tencent Music Entertainment Group (NYSE:TME) is headquartered in Shenzhen, China, and it operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People’s Republic of China. On November 15, Tencent Music Entertainment Group (NYSE:TME) reported a Q3 non-GAAP EPADS of $0.12 and a revenue of $1.04 billion, outperforming Wall Street estimates by $0.02 and $49.33 million, respectively. Gross margin for the third quarter of 2022 rose by 3.0% to 32.6% from 29.6% in the same period of 2021.

On November 22, JPMorgan analyst Alex Yao upgraded Tencent Music Entertainment Group (NYSE:TME) to Overweight from Neutral with a price target of $7.70, up from $4.80. The analyst noted that online music “has finally become a key financial driver” for the company, given a “multi-dimensional monetization model and efficiency improvement.” The analyst now forecasts Tencent Music Entertainment Group (NYSE:TME) to report mid-to-high double-digit earnings growth in the next three quarters. 

According to Insider Monkey’s data, 17 hedge funds were long Tencent Music Entertainment Group (NYSE:TME) at the end of Q3 2022, compared to 14 funds in the prior quarter. John Overdeck and David Siegel’s Two Sigma Advisors is the largest stakeholder of the company, with 6.5 million shares worth $26.5 million. 

Like Alibaba Group Holding Limited (NYSE:BABA), JD.com, Inc. (NASDAQ:JD), and Pinduoduo Inc. (NASDAQ:PDD), Tencent Music Entertainment Group (NYSE:TME) is one of the best Asian stocks to buy heading into 2023. 

Bireme Capital made the following comment about Tencent Music Entertainment Group (NYSE:TME) in its Q3 2022 investor letter:

“We made a few material trades in the quarter. First, we sold our stake in Tencent Music Entertainment Group (NYSE:TME), which we wrote about in our “CIO Corner” newsletter.

We sold our stake primarily because of the massive underperformance of TME’s “Social Entertainment” segment. That portion of the business, which operates primarily through a group karaoke app called WeSing, lost 27% of its users during the year that we owned the stock. This seems to have been caused primarily by competition from other streaming platforms, such as TikTok (Douyin in China), a risk which we underestimated. Since this segment produces essentially all of TME’s profits, the loss of users had a dramatic impact on our valuation of the business.

Secondarily, we had expected growth of Average Revenue Per User (ARPU) in their music subscription business, in which TME has 70% share in China. Despite this near monopoly, competition from upstart NetEase Cloud Music has been fierce. Over the last year, NetEase gained material market share by offering discounts of 15-20% off the standard 8 RMB monthly price. TME has been forced to respond in kind, and TME’s ARPU fell 11% YoY in the second quarter.

With users falling dramatically in Social Entertainment and ARPU growth in question in Online Music, there was simply nothing left to support our original bullish stance on the stock. Even the fall from $6 at the end of 2021 to $4 per share in July was not enough to compensate for this change in our assessed value, so we sold our position.”

11. Kanzhun Limited (NASDAQ:BZ)

Number of Hedge Fund Holders: 19

Kanzhun Limited (NASDAQ:BZ) is a Beijing-based company that operates an online recruitment platform, BOSS Zhipin, in the People’s Republic of China. Its recruitment platform facilitates the recruitment process between job candidates and employers. It is one of the best Chinese stocks to invest in. In the first week of November, Kanzhun Limited (NASDAQ:BZ) stock jumped from the decliners list to land the top spot among the week’s winners. 

On November 14, Goldman Sachs analyst Timothy Zhao upgraded Kanzhun Limited (NASDAQ:BZ) to Buy from Neutral but trimmed the price target to $23 from $27.50. Kanzhun Limited (NASDAQ:BZ) owns China’s biggest online recruitment platform, Boss Zhipin, and the analyst believes the company reached an inflection point in Q3. He forecasts accelerating revenue growth and a sequential cash billings increase over the next 12-18 months.

According to Insider Monkey’s Q3 data, 19 hedge funds were long Kanzhun Limited (NASDAQ:BZ), compared to 25 funds in the earlier quarter. Chase Coleman’s Tiger Global Management is the largest stakeholder of the company, with 17.8 million shares worth close to $301 million. 

10. Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 20

Li Auto Inc. (NASDAQ:LI) was founded in 2015 and is headquartered in Beijing, China. The company designs, develops, manufactures, and commercializes new energy vehicles in the People’s Republic of China. On November 1, Li Auto Inc. (NASDAQ:LI) announced that it has delivered 10,052 vehicles in October 2022, up 31.4% year-over-year. The cumulative deliveries of Li Auto vehicles reached 221,067 as of the end of October.

On October 28, Barclays analyst Jiong Shao maintained an Overweight rating on Li Auto Inc. (NASDAQ:LI) but lowered the price target on the shares to $25 from $40. The analyst updated estimates and 12-month price targets for all the Chinese tech and internet companies under the firm’s observation heading into year-end 2022.

According to Insider Monkey’s third quarter database, Li Auto Inc. (NASDAQ:LI) was part of 20 hedge fund portfolios, compared to 28 in the prior quarter. Jim Simons’ Renaissance Technologies is the largest stakeholder of the company, with 12.4 million shares worth $285.7 million. 

9. NetEase, Inc. (NASDAQ:NTES)

Number of Hedge Fund Holders: 24

NetEase, Inc. (NASDAQ:NTES) is headquartered in Hangzhou, China, and the company provides online services consisting of diverse content, community, communication, and commerce in the Peoples’ Republic of China and internationally. The company operates through Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others segments. NetEase, Inc. (NASDAQ:NTES) is one of the best Chinese stocks to consider. On November 17, NetEase, Inc. (NASDAQ:NTES) reported a Q3 non-GAAP EPADS of $1.61, which outperformed Wall Street estimates by $0.56. The gross profit was $1.9 billion, an increase of 16.4% compared to the third quarter of 2021.

On November 18, Citi analyst Alicia Yap raised the price target on NetEase, Inc. (NASDAQ:NTES) to $100 from $98 and kept a Buy rating on the shares. The company reported “solid” Q3 results and has strong self-development capability and cash flow generation, the analyst told investors in a research note.

According to Insider Monkey’s data, 24 hedge funds were bullish on NetEase, Inc. (NASDAQ:NTES) at the end of September 2022, compared to 26 funds in the prior quarter. William B. Gray’s Orbis Investment Management is the largest stakeholder of the company, with 3.6 million shares worth $274.6 million. 

8. ZTO Express (Cayman) Inc. (NYSE:ZTO)

Number of Hedge Fund Holders: 24

ZTO Express (Cayman) Inc. (NYSE:ZTO) is a Shanghai-based provider of express delivery and other value-added logistics services in the People’s Republic of China, serving e-commerce and traditional merchants. On November 17, ZTO Express (Cayman) Inc. (NYSE:ZTO) announced that it will pursue voluntary conversion to dual-primary listing on the Main Board of the Hong Kong Stock Exchange.

On November 21, ZTO Express (Cayman) Inc. (NYSE:ZTO) announced that its board of directors authorized the increase in its share repurchase program to $1.5 billion from $1 billion. The company also stretched the time of the share buyback by one year until June 30, 2024. 

HSBC analyst Parash Jain on November 23 maintained a Buy recommendation on ZTO Express (Cayman) Inc. (NYSE:ZTO) but trimmed the price target on the shares to $33 from $36. Despite COVID-19 constraints, ZTO Express (Cayman) Inc. (NYSE:ZTO) experienced quicker volume growth in Q3 and also reiterated higher EBIT per parcel versus peers, supported by its economies of scale and better service quality, though volume guidance for 2022 was lowered due to the disruptions, the analyst wrote in a research note.

According to the third quarter database of Insider Monkey, 24 hedge funds were long ZTO Express (Cayman) Inc. (NYSE:ZTO), compared to 17 funds in the prior quarter. Kerr Neilson’s Platinum Asset Management is the largest stakeholder of the company, with nearly 16 million shares worth $382.4 million. 

7. H World Group Limited (NASDAQ:HTHT)

Number of Hedge Fund Holders: 29

H World Group Limited (NASDAQ:HTHT) is one of the best Chinese stocks to monitor. It is a Shanghai-based company that develops leased, owned, and franchised hotels primarily 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 (RevPAR) rebounded to 90% of the 2019 level in Legacy-Huazhu business due to the pent-up leisure traveling demand in the summer holidays.

On October 27, Daiwa analyst Carlton Lai upgraded H World Group Limited (NASDAQ:HTHT) to Buy from Outperform with a price target of $34, down from $43. The analyst sees a “compelling valuation” after the latest share price correction. He believes the present share price reflects limited improvement in China’s 2023 RevPAR, but his base case remains that China will see a gradual reopening beginning in mid-2023.

According to Insider Monkey’s data, 29 hedge funds were bullish on H World Group Limited (NASDAQ:HTHT) at the end of September 2022, compared to 30 funds in the prior quarter. 

6. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 41

KE Holdings Inc. (NYSE:BEKE) is a Beijing-based company that focuses on operating an integrated online and offline platform for housing transactions and services in the People’s Republic of China. The company operates through three segments – Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services. 

On October 28, investment advisory Barclays raised the firm’s price target on the shares to $27 from $26 and kept an Overweight rating on the shares. Analyst Jiong Shao issued the ratings update. 

According to Insider Monkey’s Q3 data, 41 hedge funds were long KE Holdings Inc. (NYSE:BEKE), compared to 37 funds in the prior quarter. The collective stakes in Q3 increased to $1.65 billion from $1.62 billion in Q2 2022. 

In addition to Alibaba Group Holding Limited (NYSE:BABA), JD.com, Inc. (NASDAQ:JD), and Pinduoduo Inc. (NASDAQ:PDD), KE Holdings Inc. (NYSE:BEKE) is one of the most significant Chinese stocks to buy and hold for next year. 

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).”

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Disclosure: None. 12 Best Asian Stocks To Buy Heading Into 2023 is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

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1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

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