Published on 20 Sep 2024 on Insider Monkey · via Yahoo Finance
Is EHang Holdings Limited (NASDAQ:EH) The Worst Chinese Stock to Buy Right Now...
We recently compiled a list of the 10 Worst Chinese Stocks to Buy Right Now According to Short Sellers. In this article, we are going to take a look at where EHang Holdings Limited (NASDAQ:EH) stands against the other communication services stocks.
Between January 2024 to late August 2024, the Chinese equity markets have witnessed a significant rebound. On a YTD basis, the Hang Seng Index saw an increase of over 3%. Both onshore and offshore Chinese equities were able to generate positive returns, with materials and industrial sectors in the positive territory. This growth was seen mainly due to resilience in the broader Chinese economy, with the country’s GDP increasing by 5.3% YoY in 1Q, exceeding market expectations.