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As global markets grapple with economic uncertainties and investors seek stability, the Hong Kong market has shown resilience despite facing its own challenges. The Hang Seng Index recently experienced a decline, reflecting broader regional concerns, yet opportunities remain for discerning investors willing to explore lesser-known stocks. In this environment, identifying stocks with strong fundamentals and growth potential becomes crucial. Let's uncover three hidden gems in Hong Kong that could offer promising prospects in September 2024.
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% | ★★★★★★ |
| Changjiu Holdings | NA | 11.84% | 2.46% | ★★★★★★ |
| Sundart Holdings | 0.92% | -2.32% | -3.94% | ★★★★★★ |
| China Leon Inspection Holding | 8.55% | 21.36% | 22.77% | ★★★★★★ |
| Tianyun International Holdings | 10.09% | -5.59% | -9.92% | ★★★★★★ |
| Xin Point Holdings | 1.77% | 10.88% | 22.83% | ★★★★★☆ |
| Chongqing Machinery & Electric | 28.07% | 8.82% | 11.12% | ★★★★★☆ |
| HBM Holdings | 52.89% | 66.59% | 31.70% | ★★★★★☆ |
| TIL Enviro | 47.97% | -23.09% | -8.84% | ★★★★☆☆ |
| Billion Industrial Holdings | 3.63% | 18.00% | -11.38% | ★★★★☆☆ |
We're going to check out a few of the best picks from our screener tool.
IVD Medical Holding
Simply Wall St Value Rating: ★★★★★☆
Overview: IVD Medical Holding Limited is an investment holding company that distributes in vitro diagnostic (IVD) products in Mainland China and internationally, with a market cap of HK$2.13 billion.
Operations: The company generates revenue primarily from its distribution business (CN¥2.86 billion), followed by after-sales services (CN¥196.47 million) and self-branded products (CN¥9.05 million).
IVD Medical Holding, a smaller player in the healthcare sector, has shown promising financial performance despite recent shareholder dilution. The company's earnings grew by 12.3% over the past year, outpacing the industry's -11.6%. Recent half-year results reported sales of CNY 1.35 billion and net income of CNY 125.29 million, with basic earnings per share at CNY 0.0927 compared to last year's CNY 0.0762. Additionally, IVD's EBIT covers interest payments by a substantial margin (20.8x).
YesAsia Holdings
Simply Wall St Value Rating: ★★★★★★
Overview: YesAsia Holdings Limited, with a market cap of HK$2.47 billion, is an investment holding company involved in the procurement, sale, and trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.