Hundreds of Chinese companies are listed on the markets exchange in the United States. But which Chinese equities should you buy or keep an eye on right now?
China is the world’s most populated country and second-largest economy, with a thriving urban middle class and a burgeoning business scene. Hundreds of Chinese stocks are frequently among the best performers in a variety of sectors at any given time.
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So let’s analyse these 2 top China stocks that every investor should keep a close eye on.
BYD stock
BYD Company Limited (OTCMKTS:BYDDF) is China’s largest pure-play EV manufacturer; producing electric vehicles, buses, and a variety of hybrids. It’s also a major producer of electric vehicle batteries. Berkshire Hathaway (BRKB), led by Warren Buffett, has been a long-term investor in the company.
The stock went from a high of 227.18 Yuan ($35.94) in January 2021, to a low of 110.05 Yuan ($17.41) on May 12. As a result, BYD stock dropped roughly 52%.
On October 15, shares broke out of a double-bottom base with a 247.73 Yuan ($35.35) purchase point and continued to rise. BYD stock soared to a new high of 331.27 Yuan ($41.24) in early November but then plummeted below the 50-day line.
However, on January 24, the stock continued the downtrend and fell below its 200-day moving average.
BYD is a Hong Kong-listed company that trades over-the-counter markets in the United States.
Xpeng stock
XPeng Inc. (9868.HK) makes the G3 small SUV, the P7 sedan and the smaller P5 sedan. The P5 sedan, which went on sale in mid-September 2021, is the first production vehicle to include Lidar.
In addition, Xpeng introduced the G9 SUV on November 12 and stated that it is aimed at foreign markets. This fast-charging SUV is expected to hit the market in Q3 2022.
Following earnings on November 23, 2021, Xpeng stock soared back over the 195.9 Yuan entry after trading above and below it for several weeks.
Following November deliveries, shares reverted lower on December 1. On December 2, the stock of XPEV, like those of its EV counterparts, plummeted. On December 3, shares of XPEV dropped further below the no-longer-valid buy target and even exceeded the 50-day line.
In the week ending January 14, 2022, XPEV stock recaptured its 50-day line and crossed a trendline entry. Despite the spike, the stock has since fallen below its 200-day moving average, where it’s currently trading.
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Source: https://invezz.com/news/2022/01/27/two-best-chinese-stocks-to-keep-an-eye-on/