Exploring October 2024's Undiscovered Gems in Hong Kong Stocks

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The Hong Kong stock market has experienced a significant upswing, with the Hang Seng Index climbing 10.2% in response to optimism surrounding Beijing's extensive support measures, despite ongoing global tensions and economic uncertainties. In this dynamic environment, identifying stocks that demonstrate resilience and potential for growth becomes crucial, particularly those that can navigate current geopolitical challenges and capitalize on supportive economic policies.

Top 10 Undiscovered Gems With Strong Fundamentals In Hong Kong

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Lion Rock Group

16.91%

14.33%

10.15%

★★★★★★

E-Commodities Holdings

21.33%

9.04%

28.46%

★★★★★★

C&D Property Management Group

1.32%

37.15%

41.55%

★★★★★★

ManpowerGroup Greater China

NA

14.56%

1.58%

★★★★★★

COSCO SHIPPING International (Hong Kong)

NA

-3.84%

16.33%

★★★★★★

Tianyun International Holdings

10.09%

-5.59%

-9.92%

★★★★★★

Xin Point Holdings

1.77%

10.88%

22.83%

★★★★★☆

Lvji Technology Holdings

3.06%

4.56%

-1.87%

★★★★★☆

Lee's Pharmaceutical Holdings

14.22%

-1.39%

-14.93%

★★★★★☆

Pizu Group Holdings

48.34%

-4.53%

-19.78%

★★★★☆☆

Click here to see the full list of 173 stocks from our SEHK Undiscovered Gems With Strong Fundamentals screener.

Underneath we present a selection of stocks filtered out by our screen.

Kinetic Development Group

Simply Wall St Value Rating: ★★★★★☆

Overview: Kinetic Development Group Limited is an investment holding company involved in the extraction and sale of coal products in the People’s Republic of China, with a market capitalization of approximately HK$14.92 billion.

Operations: The company generates revenue primarily from the extraction and sale of coal products in China. It has a market capitalization of approximately HK$14.92 billion.

Kinetic Development Group, a smaller player in the market, has shown robust financial health with its debt to equity ratio decreasing from 28.4% to 12.5% over five years. The company reported impressive earnings growth of 39.2%, outpacing the industry average of 4.6%. Trading at a substantial discount of 54% below estimated fair value, it also announced a special dividend of HK$0.04 per share recently, reflecting strong cash flow and profitability prospects.

SEHK:1277 Earnings and Revenue Growth as at Oct 2024
SEHK:1277 Earnings and Revenue Growth as at Oct 2024

Bank of Gansu

Simply Wall St Value Rating: ★★★★★★

Overview: Bank of Gansu Co., Ltd., along with its subsidiary Pingliang Jingning Chengji Rural Bank Co., Ltd., offers a range of banking services in the People’s Republic of China and has a market capitalization of approximately HK$6.78 billion.