5 Cheap Chinese Stocks to Buy Now

4. HUYA Inc. (NYSE: HUYA)

Number of Hedge Fund Holders: 13
Share Price as of July 14th, 2021: $15.68

HUYA Inc. (NYSE: HUYA) ranks 5th in our list of the 10 cheap Chinese stocks to buy now. Guangzhou-based HUYA Inc. (NYSE: HUYA) is the largest game live streaming platform in China, with 75.5 million monthly active users. Other forms of entertainment, like anime, talent shows, and online theater, can also be broadcast across Asia, Latin America, and the Middle East via the Chinese live stream platform.

The company has a market cap of $3.6 billion. On April 23rd, 86 Research upgraded HUYA Inc. (NYSE: HUYA) to a Buy, with a price target of $22 per share. The company’s revenue was $397.6 million, up 8% year over year from $370 million, and it has a gross profit margin of 6.2%, up from 5.5% in the last year. In the May quarter, the company recorded earnings per share of $0.17, beating market predictions by $0.04. HUYA Inc. (NYSE: HUYA) stock has a forward PE ratio of 32.89.

At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $336 million in HUYA Inc. (NYSE: HUYA), up from 12 the preceding quarter worth $342 million. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm ARK Investment Management is a leading shareholder in HUYA Inc. (NYSE: HUYA) with 10.9 million shares worth more than $214 million.