5 Best China Stocks to Buy Now

In this article, we will discuss the 5 best China stocks to buy now. If you want to read our detailed analysis of China’s stock market, go directly to read the 10 Best China Stocks to Buy Now.

5. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 34

NIO Inc. (NYSE:NIO), a Chinese automobile manufacturer, announced solid Q3 results on November 9. The company posted an EPS of -$0.06, beating the estimates by $0.04. For Q4, NIO Inc. (NYSE:NIO) expects the delivery of vehicles to be between 23,500 and 25,500 vehicles, presenting a growth of 35.6% to 46.9%.

NIO Inc. (NYSE:NIO), one of the best China stocks to buy now, delivered a 26.2% return to shareholders in the past six months. Recently, Deutsche Bank raised its price target on NIO Inc. (NYSE:NIO) to $70, with a Buy rating on the shares. The firm’s analyst expects the company’s monthly sales to improve in the coming quarters.

At the end of Q2, 34 hedge funds tracked by Insider Monkey reported owning stakes in NIO Inc. (NYSE:NIO), up from 28 in the previous quarter. The total value of these stakes is over $2 billion, compared with $1.3 billion in Q1.