🇨🇳Chinese ADRs - How do you like them?

Chinese stocks are now looking to recoup some US$10 trillion of losses from the last three years, with valuations hovering near a decade-low. The MSCI China Index tracking more than 700 companies traded at home and abroad has rebounded 12 per cent from a January low, ranking it among the best performers among major global peers during that period.

Foreign investors' appetite for Chinese stocks continues to recover as they become less pessimistic about the prospects of a recovery.

Meanwhile, geopolitical conflicts will also continue to drive global investors to diversify or leave China and to fear being discriminated against globally for being friendly to the country. That means China will continue to face difficulties attracting investment.

Let's look into a few Chinese ADRs and see how's their trend. The hottest one will definitely be $Taiwan Semiconductor Manufacturing(TSM)$  , strongly stimulated by AI rally. Its capability in the sector is pretty strong. Although its Taiwan plants were affected by earthquake, but it seemed like no critical impact to the production and I believe the share price will continue to trend higher next week.

TSM daily chart

Next, let's look at $TENCENT(00700)$ . Looking at its technical chart, we can notice a very good signal that the stock is standing back to EMA 200 green line. This trendline is always be used as a trend reversal indication. For such, I believe Tencent will continue to move higher for coming weeks. Fundamental wise, nothing much to worry for such a big giant.

Tencent daily chart

As compared to Tencent, $Alibaba(BABA)$  

Chinese e-commerce giant Alibaba Group staged its second highest quarterly buyback on record, spending $4.8 billion on shares in the first three months of 2024, as its stock neared multi-year lows.

Alibaba repurchased 524 million ordinary shares in both the U.S. and Hong Kong markets in the quarter. Its technical chart shows that the company is forming a ascending triangle pattern. The stock will probably continue to consolidate while forming a higher lows pattern to trend upwards slowly over time.

Alibaba daily chart

For the e-commerce stock like $Pinduoduo Inc.(PDD)$  and $JD.com(JD)$  , both of them are performing well and among the strongest in Chinese ADRs. Although PDD retraced quite some since early this year, but everything seems to be pretty healthy and the share price is well supported above EMA 200. Moreover, this LOW-cost e-commerce giant beats Wall Street estimates for fourth-quarter revenue few weeks ago, driven by robust user growth and sales on its global platform Temu.

PDD daily chart

Similar to PDD, JD also showed some positive share price movement, rebounding from the price range of 20 USD towards 26 USD now. This Chinese retailer reported fourth-quarter earnings that, while perhaps not that impressive on a stand-alone basis, did handily beat analyst estimates. With JD's stock trading at a very low single-digit price-to-earnings (PE) ratio, it didn't take much to get the stock moving higher.

JD daily chart

How do you find this Chinese ADRs sharing? Do you own any of them? Will you invest in them? Come and share your point of view with us! 

@TigerStars  @MillionaireTiger  @CaptainTiger  @Tiger_comments  @Daily_Discussion  

# Chinese ADRs

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Chungllq
    ·04-06
    TOP
    Wah, this Chinese ADRs article quite interesting leh!
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    • GoodLife99
      yes indeed! 👍
      04-08
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    • Shyon
      Hehe appreciate your compliments, thanks!
      04-07
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  • Sonsonkok
    ·04-07
    TOP

    Great article, would you like to share it?

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    • Shyon
      Thanks Sonson
      04-07
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  • qing1206
    ·04-08
    TOP
    Great article, would you like to share it?
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    • Shyon
      Thanks a lot, Qing! ☺️☺️☺️
      04-08
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  • JeanWong06
    ·04-08
    TOP
    Great article, would you like to share it?
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    • Shyon
      Thanks for your like and share, Jean.
      04-08
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  • Aqa
    ·04-07
    TOP
    👍🏻👍🏻👍🏻👍🏻👍🏻
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    • Shyon
      Thanks for support, hehe
      04-07
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  • GoodLife99
    ·04-08
    TOP
    great sharing! Looking good for these China stocks!
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    • Shyon
      China china gogogogo 😆
      04-08
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  • sh99
    ·04-06
    what about sunny optical
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    • sh99Replying toShyon
      you too! maybe will get some BIDU next wk
      04-06
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    • ShyonReplying tosh99
      Glad for your question, hope it helps. Have a nice weekend!
      04-06
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    • sh99Replying toShyon
      true, great, thanks for ur response!
      04-06
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  • KSR
    ·04-07
    👍
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    • Shyon
      Thanks KSR for your like!
      04-07
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  • YueShan
    ·04-07
    Good⭐️⭐️⭐️
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    • Shyon
      [Cool] [Cool] [Cool] [Miser] [Miser] [Miser]
      04-07
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    • Shyon
      Thanks for your like and stars haha, happy!
      04-07
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