5 Best Non-Tech Chinese Stocks to Buy Now

Page 5 of 5

1. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 34    

KE Holdings Inc. (NYSE:BEKE) provides real estate services. Some of the services that the company provides, through online and offline offices, include new home sales, home rentals, home renovation, real estate financial solutions, and others. The stock has been given a major boost after the Chinese government promised it would take measures for financial stability after a lengthy crackdown against dual-listed firms that had led to large losses for Chinese firms listed in the United States. 

On March 16, Morgan Stanley analyst Steven Tsai upgraded KE Holdings Inc. (NYSE:BEKE) stock to Overweight from Equal Weight with a price target of $16, noting that policy relaxation looked to set to boost the housing market and evidence of this was already evident in sales. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Lone Pine Capital is a leading shareholder in KE Holdings Inc. (NYSE:BEKE) with 30 million shares worth more than $622 million. 

In its Q3 2021 investor letter, Tao Value, an asset management firm, highlighted a few stocks and KE Holdings Inc. (NYSE:BEKE) was one of them. Here is what the fund said:

“As witnessed in the past quarter, the government intervention in 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 Inc. (NYSE: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).”

You can also take a peek at 10 Cheap Dividend Kings with Over 2% Yield and 12 Best Semiconductor Stocks To Invest In Right Now.

Page 5 of 5