Nervous about the U.S. market at all-time highs? Buy China stocks.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2024
0mins
Source: MarketWatch
- China Stocks as Investment: Despite negative headlines, Chinese stocks are seen as a good investment due to low valuations and negative sentiment.
- Valuations and Contrarian Indicator: China's FTSE China A50 Index and CSI 300 Index are trading at discounted valuations, making it an opportune time to invest.
- Potential Positive Changes: China may unleash fiscal stimulus, direct capital to key growth sectors like electric vehicles, and the government is buying stocks on weakness.
- Economic Growth Focus: President Xi Jinping is focusing on economic growth, which could have bullish implications for investors.
- Recommended Chinese Companies: Morningstar recommends investing in companies like Baidu, JD.com, Tencent Holdings, and NetEase for potential growth.
Analyst Views on JD
Wall Street analysts forecast JD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JD is 38.83 USD with a low forecast of 28.00 USD and a high forecast of 50.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
1 Hold
1 Sell
Moderate Buy
Current: 30.000
Low
28.00
Averages
38.83
High
50.50
Current: 30.000
Low
28.00
Averages
38.83
High
50.50
About JD
JD.Com Inc is a company principally engaged in the e-commerce business, including online retail and online marketplace mainly through its retail mobile apps and www.jd.com website (collectively, JD Platform). The Company operates its businesses through four segments. JD Retail segment, including JD Health, JD Industrials, and other components, mainly engage in online retail, online marketplace and marketing services in China. JD Logistics segment includes both internal and external logistics businesses. Dada segment is a local on-demand delivery and retail platform in China. New Businesses segment mainly include JD Property, Jingxi and overseas businesses. The Company mainly conducts its businesses in the domestic market and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
