Nice post! I own a few of these in tiny size, as part of a basket of dirt cheap HK stocks. So I do not have super high conviction views. That said:
Perfect Medical - Sales still recovering from Covid as HK/China gradually reopen. China is also gradually relaxing rules on individual travel to HK, which should also support return to growth. What do I know about the HK beauty industry? Not much! Water Oasis (1161) is a similar name.
Pax Global - Latam is 38% of revenues but I think Brazil is only around half of this. I don't get the payments industry either.
Dream International - Agree on margins, but major customer Tokyo Disneyland has reported very strong merchandise sales, which will benefit them.
I look forward to seeing which stocks made your list!
More love for Hong Kong stocks. They definitely need it! Thanks Roiss.
Here are a couple more cheap HK stocks to read about;
https://jaminvest.substack.com/p/hk-3-dollars-trading-for-pennies
Have you look into:
- COLI (00688) to play the REIT miss pricing?
- Mediatek (2454) (although in taiwan) that's going after Broadcom and finally into the higher value mobile phones chips
- CSPC Pharmaceutical Group Ltd (01093) mega huge pharma
Good post buy you should link to the tickers or IR pages like I do albeit its tedious! Anyway, I linked to your piece in my post for today - Emerging Market Links + The Week Ahead (April 1, 2024) https://emergingmarketskeptic.substack.com/p/emerging-markets-week-april-1-2024
Nice post! I own a few of these in tiny size, as part of a basket of dirt cheap HK stocks. So I do not have super high conviction views. That said:
Perfect Medical - Sales still recovering from Covid as HK/China gradually reopen. China is also gradually relaxing rules on individual travel to HK, which should also support return to growth. What do I know about the HK beauty industry? Not much! Water Oasis (1161) is a similar name.
Pax Global - Latam is 38% of revenues but I think Brazil is only around half of this. I don't get the payments industry either.
Dream International - Agree on margins, but major customer Tokyo Disneyland has reported very strong merchandise sales, which will benefit them.
I look forward to seeing which stocks made your list!