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In recent weeks, the Hong Kong market has faced challenges amid broader global economic concerns, with key indices reflecting a cautious investor sentiment. Despite this backdrop, small-cap stocks in Hong Kong continue to offer unique opportunities for those willing to explore beyond the well-trodden paths. In such a volatile environment, identifying stocks with strong fundamentals and growth potential becomes even more critical. This article will highlight three undiscovered gems in Hong Kong that could stand out in September 2024.
Top 10 Undiscovered Gems With Strong Fundamentals In Hong Kong
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| COSCO SHIPPING International (Hong Kong) | NA | -3.84% | 16.33% | ★★★★★★ |
| Changjiu Holdings | NA | 11.84% | 2.46% | ★★★★★★ |
| 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% | ★★★★☆☆ |
| Pizu Group Holdings | 48.34% | -4.53% | -19.78% | ★★★★☆☆ |
| Billion Industrial Holdings | 3.63% | 18.00% | -11.38% | ★★★★☆☆ |
We'll examine a selection from our screener results.
IVD Medical Holding
Simply Wall St Value Rating: ★★★★★☆
Overview: IVD Medical Holding Limited, an investment holding company with a market cap of HK$2.13 billion, distributes in vitro diagnostic (IVD) products in Mainland China and internationally.
Operations: IVD Medical Holding 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 reported a net income of CNY 125.29 million for the first half of 2024, up from CNY 103.01 million last year, with basic earnings per share rising to CNY 0.0927 from CNY 0.0762. The company repurchased shares worth HKD 189.64 million recently and has been growing faster than the healthcare industry, with earnings growth at 12.3% compared to the industry's -11.6%. Despite high volatility in its share price over the past three months, IVD Medical's debt is well-covered by EBIT at a ratio of 20.8x and it holds more cash than total debt.
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Dive into the specifics of IVD Medical Holding here with our thorough health report.
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Assess IVD Medical Holding's past performance with our detailed historical performance reports.
YesAsia Holdings
Simply Wall St Value Rating: ★★★★★★
Overview: YesAsia Holdings Limited, an investment holding company, engages in the procurement, sale, and trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products with a market cap of HK$2.59 billion.