3 Undervalued Chinese Stocks That Can Double Before the End of 2024
These are the undervalued Chinese stocks to buy for 100% returns before the end of the year.Li Auto : Strong cash buffer that will enable investment in an aggressive expansion of the retail network in China.Miniso Group : Stellar revenue growth coupled with adjusted EBITDA margin expansion that’s backed by the aggressive opening of new stores globally.JD.com : Steady revenue growth in the last few years coupled with robust cash flows that allow investment in emerging businesses.Chinese stocks have been depressed for an extended period. The reasons include regulatory hurdles for the corporate sector, macroeconomic headwinds and geopolitical factors. However, there is no doubt that some high-quality businesses in China could be invested in. The negative sentiments are, therefore, an excellent opportunity to accumulate undervalued Chinese stocks.Further, with the development and launch of new models, delivery growth is likely to remain stellar. The Li L6, a five-seat premium family SUV, w