2021 is the Chinese year of the ox, which is the symbol of diligence, persistence, and honesty.
We present to you 5 such stocks, listed on U.S. Stock exchanges, that synchronize with this symbol and will be game-changers in the coming months.
1.Niu Technologies. (NIU)
Niu Technologies, the Chinese electric scooter maker, looks like it will be a long-term winner.
The Chinese tech company makes electric two-wheelers that are powered by lithium-ion batteries and provide real-time telemetry data on an app. On Nov. 23, the company reported very high growth rates in Q3 sales and earnings. Units sold for its e-scooters rose 67.9% year-over-year (YOY) and sales in Chinese renminbi (RMB) rose 36.7%.
Moreover, the number of units sold in China rose 70% YOY. At a stock price of below $ 35, it is set to give higher returns in coming times. Although NIU stock was up nearly 263% in 2020, it is likely to go further up.
Shares of XPeng rose 203.2% in November, according to data from S&P Global Market Intelligence. The electric vehicle stock posted big gains thanks to strong vehicle delivery numbers, favorable coverage from analysts, and better-than-expected third-quarter results.
XPeng is one of several electric-vehicle makers that have recently moved to raise additional cash with follow-on offerings of stock, taking advantage of intense investor interest in the sector, and the correspondingly high valuations for their companies, to pad their balance sheets and fund future-product initiatives.
Hovering at about $45 a share, it is one stock to look at keenly in 2021.
3. So- Young ( SY)
So-Young International Inc. operates an online platform providing medical aesthetic information. The Company offers media content, a social community, an online reservation system for discovering, evaluating, and reserving medical aesthetic services. So-Young International serves clients in China.
Leveraging So-Young’s strong brand image, extensive audience reach, trust from its users, highly engaging social community, and data insights, the Company is well-positioned to expand both along the medical aesthetic industry value chain and into the massive, fast-growing consumption healthcare service market.
At around $ 12 or below, the stock seems to be undervalued.
YY is a major video-based social network and a subsidiary of JOYY, having over 300 million users. It features a virtual currency that users earn through activities such as karaoke or creating tutorial videos and which is later converted to real cash.
As per reports, its revenue in the third quarter of 2020 came in at $925.9 million, ahead of the consensus estimate of $899.2 million.JOYY had also announced that Chinese search giant Baidu would acquire its live streaming business.
Considering the pace at which this social platform has grown in the past, this rookie stock may turn out as a star performer. One needs to keep a close watch on it as it is trading range-bound in the $ 80 plus level.
5.Bili Bili (BILI)
Bilibili, the Shanghai-based video-sharing website offers videos of various fields, such as music, dance, animation, science, entertainment, and even fashion and advertisement films. It also provides a live – streaming service where the audience can interact with streamers.
With its average monthly active users (MAUs) grew 70% annually to 172.4 million during the last quarter of 2020, and mobile MAUs rose 77% to 156.4 million, the stock is on a growth trajectory.
Its revenue surged 69% annually to $327 million, clearing estimates by $19 million.
It may look overvalued at $120, but with its daily active users climbing by 69% to 50.8 million in 2020, the stock holds more promise than what the experts think.
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