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Sinotrans Shipping is one of many stocks the market is bullish on. Its expected double-digit top-line and bottom-line growth exceeds its peers, and its financially stable position lessens the chances of risk. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Sinotrans Shipping Limited (SEHK:368)
Sinotrans Shipping Limited, a shipping company, owns, manages, and operates dry bulk and container fleet worldwide. Founded in 2003, and currently lead by , the company size now stands at 648 people and has a market cap of HKD HK$8.22B, putting it in the mid-cap category.
368’s projected future profit growth is a robust 31.92%, with an underlying 33.71% growth from its revenues expected over the upcoming years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 7.50%. 368 ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? Take a look at its other fundamentals here.
ENN Energy Holdings Limited (SEHK:2688)
ENN Energy Holdings Limited, an investment holding company, engages in gas supply business in the People’s Republic of China. Established in 1992, and now run by Jishen Han, the company employs 28,735 people and with the stock’s market cap sitting at HKD HK$75.60B, it comes under the large-cap group.
Extreme optimism for 2688, as market analysts projected an outstanding earnings growth rate of 18.49% for the stock, supported by a double-digit sales growth of 40.17%. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 21.61%. 2688’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Could this stock be your next pick? Have a browse through its key fundamentals here.