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author | li ji

editor丨zhang kaichong

on october 7, hong kong stocks ushered in the first trading day of the second week of national day.in the first week before that, the hang seng index of hong kong stocks rose by 10.2%, and its performance during the year won the championship of the world's major indexes.

from the perspective of individual stocks, securities firms and real estate stocks have experienced larger gains this week.

among real estate stocks, ronshine china rose by more than 850%, kaisa group and china aoyuan rose by more than 470%, agile group and shimao group rose by more than 365%, fantasia holdings rose by more than 300%, sunac china rose by more than 280%, and vanke the company rose 186%.

among brokerage stocks, shenwan hongyuan hong kong rose by more than 810%, china merchants securities rose by nearly 249%, and guotai junan international also rose by nearly 200%.

in addition, in the past 15 trading days, most of the heavyweight stocks of hang seng technology have increased by close to or more than 30%.among them, jd.com, meituan, and smic rose nearly 80%, alibaba rose nearly 40%, and tencent holdings and xiaomi group rose 29%.

in addition, according to data disclosed by the hong kong stock exchange, foreign capital has already entered the market to buy the bottom. as early as september 25, jpmorgan chase spent hk$895 million to increase its holdings of china merchants bank h shares, and on september 26, it spent hk$1.771 billion to increase its holdings of ping an of china h shares. share.

on september 27, jpmorgan chase purchased china pacific insurance h shares for hk$267 million, byd h shares for hk$1.791 billion, tsingtao beer h shares for hk$242 million, and hong kong exchange h shares for hk$1.813 billion. in other words, in just one day, jpmorgan chase spent more than 4.1 billion hong kong dollars to sweep away chinese assets.

although the hang seng index has risen by more than 5,600 points in the past 15 trading days, an increase of 33%. however, the current hong kong stock market is still very cheap. the editor found that there are still a number of companies in hong kong stocks with a price-to-earnings ratio of less than 10 times. they have a strong margin of safety and are worth buying at the bottom.

1. 3sbio pharmaceuticals

3sbio is a leading company in china's biopharmaceutical industry, focusing on nephrology, autoimmune, hair and skin, blood, oncology and other fields, with approximately 30 marketed products and 29 products under development. its revenue in the first half of the year was 4.39 billion yuan and net profit was 1.09 billion yuan.

as of october 4, 3sbio’s hong kong stock market value was hk$17.703 billion.the price-to-earnings ratio is 9.72.

2. jiangnan commoners

jiangnan buyi is a well-known fashion brand in china. it was founded in 1994 and is headquartered in hangzhou. it is loved by consumers for its simple, elegant design style and high-quality fabrics. its revenue in fiscal year 2024 is 5.238 billion yuan, with a net profit of 848 million yuan.

as of october 4, jiangnan buyi’s market value was hk$8.508 billion.the price-to-earnings ratio is 9.32.

3. baiyun mountain

baiyunshan is mainly engaged in the research and development, production and sales of traditional chinese medicines, chemical medicines and health products. the company has well-known brands and rich product lines, such as wanglaoji, jinge, chenliji, etc. its revenue in the first half of the year was 41.04 billion yuan and net profit was 2.55 billion yuan.

as of october 4, baiyunshan’s market value was hk$34.873 billion.the price-to-earnings ratio is 8.35.

4. geely automobile

geely automobile group is china's leading automobile manufacturer and aspires to become the most competitive and respected chinese automobile brand. the group now owns geely, lynk & co, rui lan and other brands. its revenue in the first half of the year was 107.3 billion yuan and net profit was 10.6 billion yuan.

as of october 4, geely automobile’s market value was hk$130.904 billion.the price-to-earnings ratio is 8.51.

5. samsonite

samsonite is a global travel luggage brand from the united states. it integrates simplicity and fashion into traditional trolley luggage, creating stylish and functional trolley cases, suitcases, suitcases and various single and backpack bags. its revenue in the first half of the year was us$1.769 billion (approximately 12.41 billion yuan) and net profit was us$164 million (approximately 1.15 billion yuan).

as of october 4, samsonite’s market value was hk$28.314 billion.the price-to-earnings ratio is 8.46.

6. weibo

weibo is one of the most famous social media platforms in china. its simple and easy-to-use features allow users to quickly publish and share information. it updates hot topics in real time, leads the trend, and has become an important channel for people to obtain information and exchange opinions. its revenue in the first half of the year was us$1.025 billion (approximately 7.19 billion yuan) and net profit was us$170 million (approximately 1.19 billion yuan).

as of october 4, weibo’s market value was hk$20.598 billion.the price-to-earnings ratio is 8.2.

7. china merchants bank

china merchants bank, china's leading retail bank, is known for its innovative service concepts, high-quality customer experience and sound business strategies. its revenue in the first half of the year was 172.945 billion yuan and net profit was 74.743 billion yuan.

as of october 4, china merchants bank’s market value was hk$1.17 trillion.the price-to-earnings ratio is 7.54.

buffett has repeatedly bought the bottom with a price-earnings ratio of 10 times and escaped the top with a price-earnings ratio of 30 times. the price-earning ratio of the companies he buys never exceeds 15 times, such as see's candy (11.9 pe), coca-cola (13.7 pe), metropolitan (14.4 pe), apple (12pe), and ibm (14.7 pe). we can see that his margin of safety thinking.

according to the latest trading arrangements, hong kong stock connect will resume normal trading from october 8. at that time, choosing the right stocks will make you more successful at bargain hunting.