Undiscovered Gems In Hong Kong For August 2024

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Amidst a backdrop of global market recovery and positive economic indicators, the Hong Kong market has shown resilience with the Hang Seng Index up 1.99% recently. This environment presents an opportune moment to explore lesser-known stocks that may offer unique value propositions. In this context, identifying stocks with strong fundamentals and growth potential becomes crucial for investors looking to capitalize on emerging opportunities in Hong Kong.

Top 10 Undiscovered Gems With Strong Fundamentals In Hong Kong

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

E-Commodities Holdings

23.22%

6.87%

31.81%

★★★★★★

COSCO SHIPPING International (Hong Kong)

NA

-12.97%

12.59%

★★★★★★

China Leon Inspection Holding

17.06%

24.06%

27.08%

★★★★★★

Tianyun International Holdings

10.09%

-5.59%

-9.92%

★★★★★★

JiaXing Gas Group

17.72%

26.04%

22.07%

★★★★★☆

Xin Point Holdings

2.03%

9.80%

15.04%

★★★★★☆

Hung Hing Printing Group

3.97%

-2.51%

33.57%

★★★★★☆

Changjiu Holdings

14.09%

12.87%

-4.74%

★★★★★☆

Mulsanne Group Holding

186.88%

-12.02%

-43.54%

★★★★☆☆

Pizu Group Holdings

48.34%

-4.53%

-19.78%

★★★★☆☆

Click here to see the full list of 175 stocks from our SEHK Undiscovered Gems With Strong Fundamentals screener.

Here we highlight a subset of our preferred stocks from the screener.

Plover Bay Technologies

Simply Wall St Value Rating: ★★★★★☆

Overview: Plover Bay Technologies Limited, an investment holding company with a market cap of HK$4.35 billion, designs, develops, and markets software-defined wide area network routers.

Operations: Plover Bay Technologies generates revenue primarily from the sales of SD-WAN routers, with HK$15.19 million from fixed first connectivity and HK$59.87 million from mobile first connectivity, along with HK$31.86 million from software licenses and warranty and support services.

Plover Bay Technologies, a small cap in the communications sector, has demonstrated robust growth with earnings surging 41.4% over the past year, outpacing the industry’s 10.6%. The company reported half-year sales of US$57.3 million and net income of US$19.1 million as of June 2024, showing significant improvement from US$44.63 million and US$12.32 million respectively a year ago. Additionally, Plover Bay announced an interim dividend of HKD0.1083 per share for June 2024, reflecting its strong financial position and commitment to shareholder returns.

SEHK:1523 Debt to Equity as at Aug 2024
SEHK:1523 Debt to Equity as at Aug 2024

Bank of Tianjin

Simply Wall St Value Rating: ★★★★★★