As Lunar New Year holiday is around the corner, which falls around late January this year. At EastMoneyStocks, we believe that your money can still work for you, even while you are away from work. To do that, we consider 2 stocks with strong fundamentals that hold their value across time. Let’s dive in into these stocks that are particularly good for beginner investors because of their strong balance sheets, positive free cash flows, and competitive advantages:
Tingyi (Cayman Islands) Holding (322.HK)
Tingyi (Cayman Islands) Holding better known by its Master Kong brand name, produces and sells instant noodles, packaged drinks and other daily consumer goods. The company has been actively exploring higher end products, in line with consumption upgrading in China. The stock is currently trading at an attractive valuation with a P/E ratio of 20 times. This looks cheap compared to historical values of over 30 times. The company’s growth prospect remains strong due to robust domestic demand. During the first half of this year, it reported a 3.7% sales increase in its instant noodle business.
#2 China Brilliant Global (8026.HK)
Usually, GEM stocks see volatility due to things like news or industry events. For traders who have been following our coverage closely on China Brilliant Global(8026.HK), you will notice how much the stock has gone up since our first coverage and we hope you had made some profit from this. China Brilliant Global definitely meets the criteria to be one of the top micro-cap stocks to watch as it has great trading volume, consistent trend for the past few months and a healthy balance sheet to top it off.
The revenue of the Group for the six months ended 30 September 2019 amounted to approximately HK$51,186,000, representing an increase of approximately 15.22% as compared to the corresponding period of the previous financial year. With their banking business in Kazakhstan starting to take off, their share price had break the upper resistance limit for the past few months, reaching at 0.81 HKD per share from 0.7+ in December.
SOLID GROWTH & GOLD PRICE AT 7-YEAR HIGH
The Jewellery business had achieved a 121% increase in revenue for the quarter ended 30 June 2019. The increase in revenue from this operating segment was mainly due to the increase in wholesale of golden jewelry products in Mainland China. Analysts believe that the sales of golden jewelry products would only keep going up driven by surging gold prices, with the increasing tensions between Iran and the United States.