These 4 stocks have outperformed Bitcoin
While bitcoin is breaking records on specialized trading platforms, four stocks still outperform the most famous cryptocurrency in financial markets. Here below a short presentation of these four companies.
Although the price of bitcoin has increased more than tenfold since the beginning of the year, a handful of stocks have outperformed the cryptocurrency on the financial markets. According to a Bloomberg study, only four stocks have seen their valuation soar by at least 1000% since January 1st, after excluding stocks with insufficient trading volume, tiny caps or Venezuelan assets. Presentation of these 4 companies.
A Japanese restaurant chain
The first of these values is Pepper Food Service Co., a restaurant chain in Japan famous for its steaks. In 2017, its share increased from 597 yen (4.47 euros) to 7040 yen (52.7 euros), an increase of 1080% in just one year. Thanks to this exceptional performance, the company created by Kunio Ichinose in 1970 surpassed one billion euros in capitalisation.
An Indian specialist in graphite electrodes
This time, the Indian company HEG Ltd, which specializes in graphite electrodes, succeeded in beating the digital motto. Special feature of this company: it was created in 1977 in collaboration with the company of electrodes and refractories "Savoie" (SERS), subsidiary of the then French group Pechiney. On the stock market, HEG had a remarkable 2017. Its share price has been multiplied by almost 12 times, enabling the company to get closer to the one billion euros of capitalisation (917 million exactly).
A pioneer in online trading
Another Indian company in the spotlight is Indiabulls Ventures Ltd. A pioneer in online trading, the group is now expanding into consumer credit. With success apparently since Indiabulls has seen its stock price increase by more than 1300%, its share price rising from 19.5 rupees (0.25 euro) to 275 rupees (3.6 euro) since January 1st.
A Chinese investment company
Finally, China Investment Fund is the fourth company to do better than bitcoin. This investment firm, which holds stakes in a gold mine and a car parts company in China, has seen its share multiplied by nearly 13 on the Hong Kong Stock Exchange. As a result, its stock was added to the MSCI Global Small Cap Index.
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