5 Best Chinese Stocks to Buy Now

Below we present the list of 5 Best Chinese Stocks to Buy Now. For our methodology and a more comprehensive list please see 12 Best Chinese Stocks to Buy Now.

5. Trip.com Group Limited (NASDAQ:TCOM)

Number of Hedge Fund Shareholders: 41

There was a small rise in hedge fund ownership of Trip.com Group Limited (NASDAQ:TCOM) during Q1 and the Chinese travel services provider is about as popular with hedge funds as it’s been at any time over the past six years. Richard S. Pzena’s Pzena Investment Management has the largest long position in TCOM as of March 31, while Gregard Heje’s Kontiki Capital has greater than 18% 13F exposure to the stock.

Analysts are bullish on Trip.com Group Limited (NASDAQ:TCOM) ahead of the company’s first quarter earnings report, which is estimated to come out on June 26. Citi has a “90-day positive catalyst watch” on the stock in light of positive demand trends and believes the company has a decent chance to upend earnings estimates. TD Cowen also raised its price target on TCOM shares to $44 from $40 back in early March on signs that the company’s revenue has fully rebounded from Covid headwinds.

Artisan International Value Fund expects Trip.com Group Limited (NASDAQ:TCOM)‘s earnings to take flight in 2023 according to its Q4 2022 investor letter:

“Trip.com Group Limited (NASDAQ:TCOM), a Chinese online travel agency, was the second-largest contributor to return in 2022. Trip.com is the dominant supplier of online travel reservations and is expected to benefit from China’s loosening COVID-19 restrictions on both domestic and international travel. Management of Trip.com has wisely spent the COVID-19 lockdown period reinforcing and improving the company’s market position and reducing unnecessary costs. We expect earnings to boom over the next year as travel picks up. Other investors appeared to agree, pushing the share price up 42% in 2022.”