5 Best Non-Tech Chinese Stocks to Buy Now

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In this article, we discuss the 5 best non-tech Chinese stocks to buy now. If you want to read about some more non-tech Chinese stocks, go directly to 10 Best Non-Tech Chinese Stocks to Buy Now. 

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

Number of Hedge Fund Holders: 28     

ZTO Express (Cayman) Inc. (NYSE:ZTO) provides delivery and logistics services in China. The company posted earnings for the fourth quarter of 2021 on March 15, reporting earnings per share of $0.34, beating estimates by $0.01. The revenue over the period was $1.46 billion, missing targets by $50 million. The company also declared a special dividend of $0.25 per ADS.  The adjusted profit for the firm grew by around 35% during the fourth quarter, a welcome break for the stock that had seen this figure in the red in five of the last seven quarters.  

On March 8, Citi analyst Lu Xu maintained a Buy rating on ZTO Express (Cayman) Inc. (NYSE:ZTO) stock with a price target of $39,60, citing “defensiveness with better-than-peer cost advantage and attractive valuation” as the main catalysts for the shares. 

At the end of the fourth quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $1.09 billion in ZTO Express (Cayman) Inc. (NYSE:ZTO), up from 20 the preceding quarter worth $1.01 billion.

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