Stock Analysis

Asian Market Penny Stocks To Watch In September 2025

As global markets react to recent economic shifts, including the Federal Reserve's decision to cut interest rates for the first time this year, attention turns to how these changes impact various sectors. Penny stocks, despite their somewhat outdated moniker, continue to capture investor interest due to their potential for high returns and accessibility. By focusing on companies with strong financial foundations and growth potential, investors can uncover valuable opportunities within this segment of the market.

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Top 10 Penny Stocks In Asia

NameShare PriceMarket CapRewards & Risks
Food Moments (SET:FM)THB3.86THB3.81B✅ 4 ⚠️ 0 View Analysis >
JBM (Healthcare) (SEHK:2161)HK$3.00HK$2.44B✅ 3 ⚠️ 1 View Analysis >
Lever Style (SEHK:1346)HK$1.52HK$940.15M✅ 4 ⚠️ 1 View Analysis >
TK Group (Holdings) (SEHK:2283)HK$2.41HK$2B✅ 4 ⚠️ 1 View Analysis >
CNMC Goldmine Holdings (Catalist:5TP)SGD1.03SGD417.45M✅ 4 ⚠️ 1 View Analysis >
T.A.C. Consumer (SET:TACC)THB4.74THB2.84B✅ 3 ⚠️ 3 View Analysis >
Yangzijiang Shipbuilding (Holdings) (SGX:BS6)SGD3.31SGD13.03B✅ 5 ⚠️ 1 View Analysis >
Livestock Improvement (NZSE:LIC)NZ$0.95NZ$135.23M✅ 2 ⚠️ 5 View Analysis >
Rojana Industrial Park (SET:ROJNA)THB4.86THB9.82B✅ 3 ⚠️ 3 View Analysis >
Lum Chang Holdings (SGX:L19)SGD0.435SGD162.96M✅ 2 ⚠️ 2 View Analysis >

Click here to see the full list of 988 stocks from our Asian Penny Stocks screener.

Let's review some notable picks from our screened stocks.

Changhong Jiahua Holdings (SEHK:3991)

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

Overview: Changhong Jiahua Holdings Limited is an investment holding company that distributes ICT consumer and corporate products in China and internationally, with a market cap of HK$2.93 billion.

Operations: The company generates revenue from its ICT Consumer Products segment, which accounts for HK$17.84 billion, and its ICT Corporate Products segment, contributing HK$15.77 billion.

Market Cap: HK$2.93B

Changhong Jiahua Holdings Limited, with a market cap of HK$2.93 billion, has shown stable weekly volatility and improved net profit margins over the past year. The company's earnings growth of 9.8% surpasses its five-year average and the electronic industry benchmark. Despite a low return on equity at 12.8%, it maintains satisfactory debt levels with short-term assets exceeding liabilities by HK$3 billion and interest payments well-covered by EBIT. However, negative operating cash flow raises concerns about debt coverage, while recent legal disputes may impact future profits despite a favorable court ruling in September 2025 affirming an earlier judgment in their favor.

SEHK:3991 Debt to Equity History and Analysis as at Sep 2025
SEHK:3991 Debt to Equity History and Analysis as at Sep 2025

IPE Group (SEHK:929)

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

Overview: IPE Group Limited is an investment holding company that manufactures, sells, and trades precision metal components and assembled parts for various industries including automotive, hydraulic equipment, and electronics; it has a market cap of HK$915.46 million.

Operations: The company generates revenue primarily from three segments: Automotive Components (HK$434.34 million), Hydraulic Equipment Components (HK$488.54 million), and Electronic Equipment Components (HK$25.06 million).

Market Cap: HK$915.46M

IPE Group Limited, with a market cap of HK$915.46 million, has experienced recent earnings growth of 12.2% over the past year, outperforming its five-year decline average. Despite this improvement, revenue for the first half of 2025 slightly decreased to HK$487.74 million from HK$502.15 million in the previous year. The company's financial stability is supported by short-term assets exceeding liabilities and a debt level well-covered by operating cash flow and EBIT interest coverage at 7.7x. However, its return on equity remains low at 1.5%, and share price volatility has increased recently, adding potential risk considerations for investors in penny stocks.

SEHK:929 Debt to Equity History and Analysis as at Sep 2025
SEHK:929 Debt to Equity History and Analysis as at Sep 2025

AIRA Capital (SET:AIRA)

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

Overview: AIRA Capital Public Company Limited, with a market cap of THB7.33 billion, operates in Thailand through investment and financial advisory services alongside its subsidiaries.

Operations: AIRA Capital generates revenue from several segments including Factoring (THB132 million), Property Development (THB288 million), Advisory and Investment Banking (THB11 million), Securities and Investment Business (THB354 million), and Rental and Service Business excluding Property Development (THB54 million).

Market Cap: THB7.33B

AIRA Capital, with a market cap of THB7.33 billion, operates in Thailand and faces challenges typical of penny stocks. Despite generating revenue from diverse segments like securities and property development, it remains unprofitable with a net loss for the first half of 2025 at THB70.75 million. The company has sufficient short-term assets to cover both short- and long-term liabilities but carries high debt levels with a net debt to equity ratio of 74.2%. AIRA's cash runway is robust for over three years due to positive free cash flow growth, yet its share price remains highly volatile amidst executive changes in its finance leadership team.

SET:AIRA Debt to Equity History and Analysis as at Sep 2025
SET:AIRA Debt to Equity History and Analysis as at Sep 2025

Turning Ideas Into Actions

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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