Hidden Opportunities in Hong Kong's Market for October 2024

In This Article:

As geopolitical tensions and economic fluctuations ripple through global markets, Hong Kong's Hang Seng Index has shown resilience, climbing 10.2% amid optimism about Beijing's support measures despite broader concerns. In this dynamic environment, identifying promising stocks often involves looking for companies with strong fundamentals and the ability to adapt to changing conditions, presenting hidden opportunities in a market filled with potential.

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%

★★★★★★

PW Medtech Group

0.06%

22.33%

-17.56%

★★★★★★

COSCO SHIPPING International (Hong Kong)

NA

-3.84%

16.33%

★★★★★★

Changjiu Holdings

NA

11.84%

2.46%

★★★★★★

Sundart Holdings

0.92%

-2.32%

-3.94%

★★★★★★

Tianyun International Holdings

10.09%

-5.59%

-9.92%

★★★★★★

Carote

2.36%

85.09%

92.12%

★★★★★☆

Lee's Pharmaceutical Holdings

14.22%

-1.39%

-14.93%

★★★★★☆

Time Interconnect Technology

151.14%

24.74%

19.78%

★★★★☆☆

Pizu Group Holdings

48.34%

-4.53%

-19.78%

★★★★☆☆

Click here to see the full list of 168 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 cap of HK$13.24 billion.

Operations: The company generates revenue primarily from the extraction and sale of coal products in China. It operates with a market capitalization of HK$13.24 billion, focusing on this singular revenue stream.

Kinetic Development Group seems to be an intriguing player in Hong Kong's market, trading at 58.8% below its estimated fair value. Their impressive earnings growth of 39.2% over the past year surpasses the Oil and Gas industry average of 4.6%. The company's net debt to equity ratio stands at a satisfactory 4.7%, with interest payments well covered by EBIT at 163 times coverage. Recent earnings show net income climbing to CNY 1,095 million from CNY 570 million last year, alongside dividend announcements reflecting confidence in financial health.

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

Guoquan Food (Shanghai)

Simply Wall St Value Rating: ★★★★★☆

Overview: Guoquan Food (Shanghai) Co., Ltd. is a Chinese company specializing in home meal products with a market capitalization of HK$11.26 billion.