It can be hard to find bargain shares at the moment. The S&P/ASX 200 Index (INDEXASX: XJO) has reached new record highs in 2019 and that has made buying opportunities more scarce.
There are a number of good quality large-cap stocks out there, but often they can be too expensive for the average Australian.
CSL Limited (ASX: CSL) shares are a great example of this at the moment. The CSL share price has been rocketing higher for years and is currently up 50.03% in 2019. However, 1 share of CSL will set you back $278.12. If you’ve saved your hard-earned cash and want to buy a few different shares, CSL may not be the right option for you.
With that in mind, here are 3 ASX 200 bargain shares for under $20 that you can buy in December.
1. Nanosonics Ltd (ASX: NAN)
Some people might wonder why Nanosonics is considered an ASX 200 bargain share at the moment, given the Aussie infection prevention group’s shares have rocketed 134.89% higher since the start of January.
However, I think Nanosonics could still have a lot of upside at $6.53 per share. The company has a somewhat protected niche and has proven to be a consistent earnings outperformer.
I wouldn’t be surprised to see Nanosonics shares soar again in 2020 and that’s why it makes my ASX 200 bargain buy list for December.
2. New Hope Corporation Limited (ASX: NHC)
The New Hope share price has been heavily sold off in 2019. The coal miner’s shares are down 37.99% since January, as the industry has had a lot of setbacks.
While many investors are wary of investing in coal given the talk around its long-term viability, I think New Hope could still have some good value.
The use of metallurgical coal is still important in steel production even if you don’t believe in the long-term future of thermal coal. New Hope could surprise when it releases its February earnings result and I wouldn’t write it off just yet.
Given the selloff in 2019, including the impact of negative Adani-related press, I think New Hope is an ASX 200 bargain buy at the moment.
3. Origin Energy Ltd (ASX: ORG)
The Origin share price has been an outperformer in 2019, climbing 37.66% higher. It remains a huge player in the national energy market and I expect further growth in 2020.
More certainty around the Federal Government’s energy policy can only help Origin plan its future investment. With more value-add projects comes more earnings and therefore dividends or share price growth.
I think Origin is well-placed to respond to the policy environment in either renewables, coal or gas and that makes it an ASX bargain at $8.70 per share.
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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Nanosonics Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.