5 Cheap Chinese Stocks to Buy Now

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In this article, we will discuss the 5 cheap Chinese stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Cheap Chinese Stocks to Buy Now.

5. MINISO Group Holding Limited (NYSE: MNSO)

Number of Hedge Fund Holders: 12
Share Price as of July 14th, 2021: $18.51

MINISO Group Holding Limited (NYSE: MNSO) ranks 5th on the list of 10 cheap Chinese stocks to buy now. The Guangzhou-based lifestyle retail and wholesale company was founded in 2013 and went public in the United States in December 2020, raising $608 million. As of May 2021, MINISO Group Holding Limited (NYSE: MNSO) has 4,587 retail stores worldwide. 

The company has a market cap of $5.5 billion. On January 19th, CICC initiated an Outperform rating on MINISO Group Holding Limited (NYSE: MNSO), with a price target of $34.15 per share. The company’s revenue grew 37% to $344 million (2.2 billion RMB), up from $252 million (1.63 billion RMB) in the same period in 2020. In the first quarter of 2021, MINISO Group Holding Limited (NYSE: MNSO) had an EPS of $0.08, beating estimates by $0.02.

At the end of the first quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $87.6 million in MINISO Group Holding Limited (NYSE: MNSO), down from 18 the preceding quarter worth $210 million.


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