Stock Analysis

3 Penny Stocks To Consider In November 2024

SEHK:1177
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As global markets react to the evolving political landscape and economic indicators, investors are navigating a complex terrain marked by policy shifts and sector-specific volatility. For those interested in exploring smaller or newer companies, penny stocks—despite their vintage name—remain an intriguing investment area. These stocks can offer unique growth opportunities at lower price points, especially when backed by strong financials and solid fundamentals.

Top 10 Penny Stocks

NameShare PriceMarket CapFinancial Health Rating
BP Plastics Holding Bhd (KLSE:BPPLAS)MYR1.23MYR340.59M★★★★★★
DXN Holdings Bhd (KLSE:DXN)MYR0.485MYR2.39B★★★★★★
Rexit Berhad (KLSE:REXIT)MYR0.77MYR133.38M★★★★★★
Seafco (SET:SEAFCO)THB2.00THB1.61B★★★★★★
LaserBond (ASX:LBL)A$0.585A$70.33M★★★★★★
Hil Industries Berhad (KLSE:HIL)MYR0.88MYR290.45M★★★★★★
ME Group International (LSE:MEGP)£2.195£827M★★★★★★
Lever Style (SEHK:1346)HK$0.87HK$539.57M★★★★★★
Embark Early Education (ASX:EVO)A$0.80A$148.62M★★★★☆☆
Next 15 Group (AIM:NFG)£3.76£373.95M★★★★☆☆

Click here to see the full list of 5,791 stocks from our Penny Stocks screener.

Let's explore several standout options from the results in the screener.

Sino Biopharmaceutical (SEHK:1177)

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

Overview: Sino Biopharmaceutical Limited is an investment holding company that operates as a research and development pharmaceutical conglomerate in the People's Republic of China, with a market cap of HK$59.53 billion.

Operations: The company generates revenue primarily from its Modernised Chinese Medicines and Chemical Medicines segment, amounting to CN¥27.45 billion.

Market Cap: HK$59.53B

Sino Biopharmaceutical Limited, with a market cap of HK$59.53 billion, has shown significant earnings growth of 70.9% over the past year despite a five-year decline trend. The company’s strategic focus on innovative drug development is evident in recent FDA approval for its EGFR inhibitor TQB3002 and Chinese market approval for the KRAS G12C inhibitor Garsorasib, both targeting non-small cell lung cancer. While short-term assets exceed liabilities and debt is well covered by operating cash flow, insider selling raises some concerns. The management team is relatively new, but the board remains experienced.

SEHK:1177 Financial Position Analysis as at Nov 2024
SEHK:1177 Financial Position Analysis as at Nov 2024

Zhejiang Century Huatong GroupLtd (SZSE:002602)

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

Overview: Zhejiang Century Huatong Group Co., Ltd operates in the auto parts, Internet games, and cloud data sectors both in China and internationally, with a market cap of CN¥30.59 billion.

Operations: No specific revenue segments have been reported for the company.

Market Cap: CN¥30.59B

Zhejiang Century Huatong Group Co., Ltd, with a market cap of CN¥30.59 billion, has seen its earnings become profitable this year despite a historical decline. The company’s debt is well-managed, with operating cash flow covering 95.6% of it and more cash on hand than total debt. Short-term assets surpass both short and long-term liabilities, indicating strong liquidity. However, the board's inexperience and recent removal from major indices like FTSE All-World Index may raise concerns for investors seeking stability in penny stocks. A recent buyback reflects management's confidence but involved minimal share repurchase impact.

SZSE:002602 Financial Position Analysis as at Nov 2024
SZSE:002602 Financial Position Analysis as at Nov 2024

Beijing Haixin Energy TechnologyLtd (SZSE:300072)

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

Overview: Beijing Haixin Energy Technology Co., Ltd. operates in the energy technology sector and has a market capitalization of CN¥9.26 billion.

Operations: Beijing Haixin Energy Technology Co., Ltd. has not reported any specific revenue segments.

Market Cap: CN¥9.26B

Beijing Haixin Energy Technology Co., Ltd. has a market cap of CN¥9.26 billion and is currently unprofitable, with a negative return on equity of -8.89%. Despite this, the company has reduced its debt to equity ratio significantly over five years and maintains satisfactory net debt levels at 2.2%. Short-term assets exceed both short- and long-term liabilities, reflecting good liquidity management. However, the company faces challenges with increasing volatility and declining revenues, reporting sales of CN¥1.84 billion for nine months ending September 2024 compared to CN¥5.34 billion a year prior amidst ongoing restructuring efforts including private placements for additional funding.

SZSE:300072 Debt to Equity History and Analysis as at Nov 2024
SZSE:300072 Debt to Equity History and Analysis as at Nov 2024

Key Takeaways

  • Gain an insight into the universe of 5,791 Penny Stocks by clicking here.
  • Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
  • Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

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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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