This Chinese Stock Could Skyrocket 85%, According to Wall Street

6 months ago 13

There hasn't been a bull successful the China store successful caller weeks. Earlier this month, the U.S. Securities and Exchange Commission (SEC) identified 5 Chinese companies with listings connected U.S. banal exchanges that could beryllium delisted for not gathering audit requirements.

However, analysts stay precise bullish astir astatine slightest 1 of the companies connected the list. This Chinese banal could skyrocket astatine slightest 85% implicit the adjacent 12 months, according to Wall Street.

Three scientists successful  a lab.

Image source: Getty Images.

First connected the list

BeiGene ( BGNE -4.84% ) stood retired arsenic the archetypal institution connected the SEC's list. The planetary biotech institution is based successful Beijing, China. Its American Depositary Shares (ADS) began trading connected the Nasdaq banal speech successful 2016. 

The Chinese biotech stock emerged arsenic a immense victor implicit overmuch of the past six years. By precocious September 2021, BeiGene's stock terms had soared much than 1,300% since its archetypal nationalist offering (IPO) connected the Nasdaq.

But those winning ways person travel to a screeching halt successful caller months. The sell-off of maturation stocks that began precocious past twelvemonth took a toll connected BeiGene's stock pri...

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