5 Beaten-Down Asian Stocks to Buy Today

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In this article, we discuss 5 beaten-down Asian stocks to buy today. If you want to see more stocks in this selection, click 10 Beaten-Down Asian Stocks to Buy Today.

5. Kanzhun Limited (NASDAQ:BZ)

Number of Hedge Fund Holders: 20

YTD Share Price Decline as of June 9: 32.42%

Kanzhun Limited (NASDAQ:BZ) is a Chinese company offering an online recruitment platform that facilitates job seekers and employers in the hiring process. The stock has taken a beating year-to-date, falling 32.42% as of June 9. However, the company might see a turnaround soon as China eases restrictions on its tech sector and allows Kanzhun Limited (NASDAQ:BZ)’s application back on domestic app stores. 

On April 10, Goldman Sachs analyst Timothy Zhao assumed coverage of Kanzhun Limited (NASDAQ:BZ) with a Neutral rating and a $37.50 price target.

Among the hedge funds tracked by Insider Monkey, 20 funds were bullish on Kanzhun Limited (NASDAQ:BZ) at the end of March 2022, up from 16 funds in the prior quarter. Tiger Global Management held the largest stake in the company, with 7.28 million shares worth $181.35 million. 

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