Asian Penny Stocks With Market Caps Larger Than US$900M

Amid global market fluctuations driven by trade policy uncertainties and inflation concerns, Asian markets have remained a focal point for investors seeking opportunities in diverse economic landscapes. Penny stocks, despite their nostalgic name, continue to intrigue investors with the potential for value and growth. By examining companies with strong financial foundations, this article explores a selection of Asian penny stocks that may offer both stability and promising prospects for those interested in smaller or emerging firms.

Top 10 Penny Stocks In Asia

Name	Share Price	Market Cap	Financial Health Rating
Yangzijiang Shipbuilding (Holdings) (SGX:BS6)	SGD2.39	SGD9.44B	★★★★★☆
Bosideng International Holdings (SEHK:3998)	HK$4.12	HK$47.22B	★★★★★★
Lever Style (SEHK:1346)	HK$1.33	HK$844.27M	★★★★★★
Activation Group Holdings (SEHK:9919)	HK$0.86	HK$640.48M	★★★★★★
T.A.C. Consumer (SET:TACC)	THB4.30	THB2.58B	★★★★★★
Xiamen Hexing Packaging Printing (SZSE:002228)	CN¥3.02	CN¥3.5B	★★★★★★
Beng Kuang Marine (SGX:BEZ)	SGD0.215	SGD42.83M	★★★★★★
China Sunsine Chemical Holdings (SGX:QES)	SGD0.475	SGD452.86M	★★★★★★
China Zheshang Bank (SEHK:2016)	HK$2.37	HK$80B	★★★★★★
Playmates Toys (SEHK:869)	HK$0.61	HK$719.8M	★★★★★★

Click here to see the full list of 1,168 stocks from our Asian Penny Stocks screener.

Here's a peek at a few of the choices from the screener.

Nickel Asia (PSE:NIKL)

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

Overview: Nickel Asia Corporation is involved in the mining and exploration of nickel saprolite, limonite ore, limestone, and quarry materials in the Philippines with a market cap of ₱34.27 billion.

Operations: The company's revenue is primarily derived from its mining operations, with significant contributions from Mining - TMC at ₱8.82 billion, Mining - RTN at ₱4.89 billion, Mining - CMC at ₱2.65 billion, and Mining - HMC at ₱2.53 billion; in addition to smaller revenue streams from Power - EPI at ₱1.13 billion and Services related to RTN/TMC/CDTN at ₱1.27 billion.

Market Cap: ₱34.27B

Nickel Asia Corporation, with a market cap of ₱34.27 billion, faces challenges typical of penny stocks, including a volatile share price and declining earnings, evidenced by a drop in net income from ₱3.75 billion to ₱1.52 billion year-on-year. Despite these hurdles, the company maintains strong liquidity with short-term assets exceeding liabilities and has entered into strategic alliances to bolster its nickel processing capabilities in the Philippines. Recent collaborations and potential asset sales could enhance operational efficiency and financial stability amidst industry volatility. However, dividend sustainability remains an issue given current cash flow coverage constraints.

• Dive into the specifics of Nickel Asia here with our thorough balance sheet health report.
• Explore Nickel Asia's analyst forecasts in our growth report.

Yangzijiang Shipbuilding (Holdings) (SGX:BS6)

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

Overview: Yangzijiang Shipbuilding (Holdings) Ltd. is an investment holding company involved in shipbuilding activities across Greater China, Canada, Japan, Italy, Greece, other European countries and internationally with a market cap of SGD9.44 billion.

Operations: The company's revenue is primarily derived from its shipbuilding segment, which accounts for CN¥25.22 billion, followed by the shipping segment at CN¥1.24 billion.

Market Cap: SGD9.44B

Yangzijiang Shipbuilding (Holdings) Ltd. demonstrates robust financial health with significant revenue from shipbuilding, totaling CN¥26.54 billion for 2024, and a strong net income increase to CN¥6.63 billion. The company maintains high-quality earnings and a favorable debt position, with cash exceeding total debt and operating cash flow covering 190.6% of its debt obligations. Its short-term assets surpass both short- and long-term liabilities, indicating solid liquidity management. Despite an inexperienced board averaging 2.6 years in tenure, the company's earnings growth outpaces industry averages, suggesting potential value for investors seeking stable penny stock opportunities in Asia's shipbuilding sector.

• Unlock comprehensive insights into our analysis of Yangzijiang Shipbuilding (Holdings) stock in this financial health report.
• Understand Yangzijiang Shipbuilding (Holdings)'s earnings outlook by examining our growth report.

Global Top E-Commerce (SZSE:002640)

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

Overview: Global Top E-Commerce Co., Ltd. operates in the cross-border e-commerce sector both within China and internationally, with a market capitalization of CN¥6.79 billion.

Operations: There are no specific revenue segments reported for Global Top E-Commerce Co., Ltd.

Market Cap: CN¥6.79B

Global Top E-Commerce Co., Ltd. operates in the cross-border e-commerce sector with a market cap of CN¥6.79 billion, but remains pre-revenue, indicating potential risk for investors seeking immediate returns. The company benefits from a strong cash position, with short-term assets of CN¥2.1 billion exceeding both short- and long-term liabilities, providing financial stability despite ongoing unprofitability and negative return on equity. Recent changes include board appointments and amendments to the company's articles of association; however, it was recently dropped from the S&P Global BMI Index, reflecting challenges in maintaining broader market recognition amidst high share price volatility.

• Click here to discover the nuances of Global Top E-Commerce with our detailed analytical financial health report.
• Examine Global Top E-Commerce's past performance report to understand how it has performed in prior years.

Where To Now?

• Discover the full array of 1,168 Asian Penny Stocks right here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
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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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