Promising Penny Stocks To Consider In November 2024

As global markets show resilience with U.S. indexes nearing record highs and a strong labor market driving positive sentiment, investors are increasingly attentive to opportunities in various segments of the stock market. Penny stocks, often associated with smaller or newer companies, remain a niche yet intriguing area for potential growth. Despite their vintage name, these stocks can offer surprising value when backed by solid financial foundations and present an underappreciated chance for growth at lower price points.

Top 10 Penny Stocks

Name	Share Price	Market Cap	Financial Health Rating
BP Plastics Holding Bhd (KLSE:BPPLAS)	MYR1.22	MYR343.4M	★★★★★★
DXN Holdings Bhd (KLSE:DXN)	MYR0.485	MYR2.41B	★★★★★★
Embark Early Education (ASX:EVO)	A$0.80	A$146.79M	★★★★☆☆
Lever Style (SEHK:1346)	HK$0.85	HK$539.57M	★★★★★★
LaserBond (ASX:LBL)	A$0.585	A$68.57M	★★★★★★
Hil Industries Berhad (KLSE:HIL)	MYR0.885	MYR293.77M	★★★★★★
ME Group International (LSE:MEGP)	£2.225	£838.3M	★★★★★★
Next 15 Group (AIM:NFG)	£4.205	£418.21M	★★★★☆☆
Secure Trust Bank (LSE:STB)	£3.59	£68.47M	★★★★☆☆
CSE Global (SGX:544)	SGD0.44	SGD310.8M	★★★★★☆

Click here to see the full list of 5,773 stocks from our Penny Stocks screener.

Let's dive into some prime choices out of the screener.

Yunnan Yunwei (SHSE:600725)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Yunnan Yunwei Company Limited is involved in the production and distribution of coal coke and chemical products in China, with a market cap of CN¥4.05 billion.

Operations: The company's revenue is primarily generated from operations within China, amounting to CN¥960.89 million.

Market Cap: CN¥4.05B

Yunnan Yunwei Company Limited, with a market cap of CN¥4.05 billion, is involved in coal coke and chemical production in China. Despite generating CN¥960.89 million in revenue primarily from domestic operations, the company remains unprofitable with a negative return on equity of -1.18%. It has no debt and its short-term assets of CN¥430.8 million exceed both short-term liabilities (CN¥81.2 million) and long-term liabilities (CN¥13.5 million). Recent earnings reported for nine months ending September 2024 show sales increased to CN¥550.82 million from the previous year but resulted in a net loss of CN¥9.11 million compared to prior net income.

• Dive into the specifics of Yunnan Yunwei here with our thorough balance sheet health report.
• Understand Yunnan Yunwei's track record by examining our performance history report.

Jiangsu Huifeng Bio Agriculture (SZSE:002496)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Jiangsu Huifeng Bio Agriculture Co., Ltd. operates in the agricultural sector, focusing on the production and sale of agrochemical products, with a market cap of CN¥3.32 billion.

Operations: Revenue segment information for Jiangsu Huifeng Bio Agriculture Co., Ltd. is not reported.

Market Cap: CN¥3.32B

Jiangsu Huifeng Bio Agriculture Co., Ltd. reported sales of CN¥153.56 million for the nine months ending September 2024, with a net income of CN¥1.3 million, marking an improvement from a significant loss the previous year. Despite this, the company remains unprofitable and has seen earnings decline over five years at 5.1% annually. Short-term assets cover long-term liabilities but fall short against short-term liabilities of CN¥906.4 million, indicating liquidity challenges despite having reduced its debt-to-equity ratio significantly over five years to 21.8%. The management team is relatively new with an average tenure of 1.8 years.

• Click here to discover the nuances of Jiangsu Huifeng Bio Agriculture with our detailed analytical financial health report.
• Assess Jiangsu Huifeng Bio Agriculture's previous results with our detailed historical performance reports.

Era (SZSE:002641)

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Era Co., Ltd. is engaged in the research, development, production, and sale of plastic pipe products in China with a market cap of CN¥5.62 billion.

Operations: No revenue segments have been reported for Era Co., Ltd.

Market Cap: CN¥5.62B

Era Co., Ltd. has shown a reduction in its debt-to-equity ratio from 7.1% to 2.7% over the past five years, indicating improved financial management. The company’s short-term assets of CN¥4 billion comfortably cover both short-term and long-term liabilities, suggesting strong liquidity. Despite this, Era's net income for the nine months ending September 2024 dropped significantly to CN¥147.74 million from CN¥278.32 million a year ago, with earnings per share halving during this period. Although the company maintains high-quality earnings and is forecasted to grow profits by 22.5% annually, recent performance highlights challenges in sustaining profitability amidst declining revenue figures.

• Take a closer look at Era's potential here in our financial health report.
• Evaluate Era's prospects by accessing our earnings growth report.

Where To Now?

• Take a closer look at our Penny Stocks list of 5,773 companies by clicking here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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