699 China stocks have gained 100% or more
There's a lot to unpack with China moving out of Covid 19 restrictions. We are not going to talk about politics but more about how it had an impact to the markets.
We have seen a strong recovery in China stock prices. The MSCI China Index has gained 35% from the low made on 31 Oct 2022.
But there was more to it. We noticed some stocks were gaining 100% and wanted to find out how many were there.
Our screen was conducted on Shanghai, Shenzhen and Hong Kong stock exchanges, as well as the China ADRs listed in the US - approximately 7,500 stocks.
Out of which, 699 have gained 100% or more from their 1-year low, or about 9% of the China stock universe.
We would highlight some of them.
A notable group would be the digital healthcare platforms. This is logical given that the spread of Covid in China would create massive demand for consultation and prescription. We are talking about 1.4 billion people.
The China healthcare system would be strained and such digital platforms are a godsend and would play a critical role in supporting China's reopening.
Alibaba Health (SEHK:241) +213%
JD Health (SEHK:6618) +156%
Ping An Good Doctor (SEHK:1833) +133%
The second group would be the beneficiaries of reopening, whereby consumers are likely able to spend again.
Trip.com (NASDAQ:TCOM) is one of the world's largest online travel agency, and is expected to benefit from the pent-up travel demand in time to come. Its share price has gained 127% from the low.
Casinos stocks like Wynn Macau (SEHK:1128), MGM China (SEHK:2282) and Sands China (SEHK:1928) have gained 209%, 174% and 104% respectively.
Retailers like MINISO (NYSE:MNSO), Haidilao (SEHK:6862) and Sun Art Retail (SEHK:6808) were up 173%, 107% and 106% respectively.
KE Holdings (NYSE:BEKE), China's largest real estate broker and platform, has gained 111% too. This is aligned with a handful of other property stocks such as Country Garden (SEHK:2007) which was also up 190%. They have benefited after China relaxed their property measures.
The third group consists of the tech companies as they recover from the regulatory clampdown.
Pinduoduo (NASDAQ:PDD) +287%
Bilibili (NASDAQ:BILI) +209%
Vipshop (NYSE:VIPS) +127%
iQIYI (NASDAQ:IQ) +122%
SenseTime (SEHK:20) +116%
Kuaishou (SEHK:1024) +114%
Huya (NYSE:HUYA) +112%
Although the share price recovery has been strong, China stocks are still pretty cheap simply because they have been whacked down so much.
There can still be opportunities for those who are keen to participate. Of course, not all stocks are worth investing and require discernment.
Is this a dead cat bounce? Possible but we think that this rebound is a lot stronger than the previous ones and coupled with positive developments. Hence, it is more likely that the China stock market has bottomed.
You can download the full list of 699 stocks here: 699 China stocks that are up 100% or more from 52-weeks low
We have seen a strong recovery in China stock prices. The MSCI China Index has gained 35% from the low made on 31 Oct 2022.
But there was more to it. We noticed some stocks were gaining 100% and wanted to find out how many were there.
Our screen was conducted on Shanghai, Shenzhen and Hong Kong stock exchanges, as well as the China ADRs listed in the US - approximately 7,500 stocks.
Out of which, 699 have gained 100% or more from their 1-year low, or about 9% of the China stock universe.
We would highlight some of them.
A notable group would be the digital healthcare platforms. This is logical given that the spread of Covid in China would create massive demand for consultation and prescription. We are talking about 1.4 billion people.
The China healthcare system would be strained and such digital platforms are a godsend and would play a critical role in supporting China's reopening.
Alibaba Health (SEHK:241) +213%
JD Health (SEHK:6618) +156%
Ping An Good Doctor (SEHK:1833) +133%
The second group would be the beneficiaries of reopening, whereby consumers are likely able to spend again.
Trip.com (NASDAQ:TCOM) is one of the world's largest online travel agency, and is expected to benefit from the pent-up travel demand in time to come. Its share price has gained 127% from the low.
Casinos stocks like Wynn Macau (SEHK:1128), MGM China (SEHK:2282) and Sands China (SEHK:1928) have gained 209%, 174% and 104% respectively.
Retailers like MINISO (NYSE:MNSO), Haidilao (SEHK:6862) and Sun Art Retail (SEHK:6808) were up 173%, 107% and 106% respectively.
KE Holdings (NYSE:BEKE), China's largest real estate broker and platform, has gained 111% too. This is aligned with a handful of other property stocks such as Country Garden (SEHK:2007) which was also up 190%. They have benefited after China relaxed their property measures.
The third group consists of the tech companies as they recover from the regulatory clampdown.
Pinduoduo (NASDAQ:PDD) +287%
Bilibili (NASDAQ:BILI) +209%
Vipshop (NYSE:VIPS) +127%
iQIYI (NASDAQ:IQ) +122%
SenseTime (SEHK:20) +116%
Kuaishou (SEHK:1024) +114%
Huya (NYSE:HUYA) +112%
Although the share price recovery has been strong, China stocks are still pretty cheap simply because they have been whacked down so much.
There can still be opportunities for those who are keen to participate. Of course, not all stocks are worth investing and require discernment.
Is this a dead cat bounce? Possible but we think that this rebound is a lot stronger than the previous ones and coupled with positive developments. Hence, it is more likely that the China stock market has bottomed.
You can download the full list of 699 stocks here: 699 China stocks that are up 100% or more from 52-weeks low
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Always Hungryy : any comments on lacklustre KWEB?
HopelessChi : bull china, we been celebrating 30% from low and 80% off ATH, what next thou? waiting to recoup losses vested on china equities
whqqq : Thank you for your collection. Very useful information!
shair : any proof of 100% gained? you are joking