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.
