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As global markets grapple with economic uncertainties, the Hong Kong market has shown resilience, particularly in its small-cap sector. With key indices reflecting mixed sentiments and economic indicators suggesting cautious optimism, now might be an opportune time to identify promising stocks that could offer growth potential despite broader market challenges. In this context, a good stock typically exhibits strong fundamentals, innovative business models, and the ability to navigate economic headwinds effectively. Here are three undiscovered gems in Hong Kong that merit close attention this 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% | ★★★★★★ |
| E-Commodities Holdings | 21.33% | 9.04% | 28.46% | ★★★★★★ |
| PW Medtech Group | 0.06% | 22.33% | -17.56% | ★★★★★★ |
| COSCO SHIPPING International (Hong Kong) | NA | -3.84% | 16.33% | ★★★★★★ |
| Tianyun International Holdings | 10.09% | -5.59% | -9.92% | ★★★★★★ |
| S.A.S. Dragon Holdings | 60.96% | 4.62% | 10.02% | ★★★★★☆ |
| 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'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, with a market cap of HK$1.99 billion, is an investment holding company that 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 Business (CN¥9.05 million).
IVD Medical Holding reported half-year sales of CNY 1.35 billion, slightly down from CNY 1.38 billion last year, but net income rose to CNY 125.29 million from CNY 103.01 million. Earnings per share increased to CNY 0.0927 from CNY 0.0762 a year ago, despite the company’s debt-to-equity ratio climbing from 5.4% to 23% over five years and recent shareholder dilution due to a HKD189 million equity offering in June.
YesAsia Holdings
Simply Wall St Value Rating: ★★★★★★
Overview: YesAsia Holdings Limited, with a market cap of HK$2.63 billion, is an investment holding company that focuses on the procurement, sale, and trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.