Amidst a backdrop of mixed performances across global markets, Asian stocks have shown resilience, with some indices experiencing gains despite broader economic uncertainties. For investors seeking opportunities in smaller or newer companies, penny stocks—though an older term—remain relevant as they can offer both affordability and growth potential. This article explores three Asian penny stocks that exhibit financial strength and could present intriguing opportunities for those looking to uncover hidden value in the market.
Top 10 Penny Stocks In Asia
| Name | Share Price | Market Cap | Rewards & Risks |
| Food Moments (SET:FM) | THB3.88 | THB3.83B | ✅ 4 ⚠️ 0 View Analysis > |
| JBM (Healthcare) (SEHK:2161) | HK$2.95 | HK$2.4B | ✅ 3 ⚠️ 1 View Analysis > |
| Lever Style (SEHK:1346) | HK$1.55 | HK$958.71M | ✅ 4 ⚠️ 1 View Analysis > |
| TK Group (Holdings) (SEHK:2283) | HK$2.53 | HK$2.11B | ✅ 4 ⚠️ 1 View Analysis > |
| CNMC Goldmine Holdings (Catalist:5TP) | SGD0.83 | SGD336.39M | ✅ 4 ⚠️ 2 View Analysis > |
| T.A.C. Consumer (SET:TACC) | THB4.88 | THB2.93B | ✅ 3 ⚠️ 3 View Analysis > |
| Yangzijiang Shipbuilding (Holdings) (SGX:BS6) | SGD3.10 | SGD12.2B | ✅ 5 ⚠️ 1 View Analysis > |
| Ekarat Engineering (SET:AKR) | THB0.96 | THB1.41B | ✅ 2 ⚠️ 2 View Analysis > |
| Livestock Improvement (NZSE:LIC) | NZ$0.95 | NZ$135.23M | ✅ 2 ⚠️ 5 View Analysis > |
| Rojana Industrial Park (SET:ROJNA) | THB4.80 | THB9.7B | ✅ 3 ⚠️ 3 View Analysis > |
Click here to see the full list of 975 stocks from our Asian Penny Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Boustead Singapore (SGX:F9D)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Boustead Singapore Limited is an investment holding company offering energy engineering, real estate, geospatial, and healthcare technology solutions across various regions including Singapore, Australia, and the United States, with a market capitalization of SGD786.59 million.
Operations: The company's revenue is primarily derived from its Geospatial segment at SGD221.35 million, followed by Energy Engineering at SGD158.89 million, Real Estate Solutions at SGD134.35 million, and Healthcare at SGD12.14 million.
Market Cap: SGD786.59M
Boustead Singapore's financial health is robust, with short-term assets of S$576.7 million covering both its short and long-term liabilities, and a debt-to-equity ratio reduced to 1.3% over five years. Despite large one-off gains impacting recent results, the company demonstrates strong earnings growth of 48.1% over the past year, outpacing industry averages. However, its dividend history remains unstable and return on equity is low at 16.8%. Recent board changes include Professor Yong Kwet Yew as Chairman of the Nominating Committee following Mr. Liak Teng Lit's retirement, indicating potential shifts in governance focus.
- Click here and access our complete financial health analysis report to understand the dynamics of Boustead Singapore.
- Examine Boustead Singapore's past performance report to understand how it has performed in prior years.
Geo Energy Resources (SGX:RE4)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Geo Energy Resources Limited is an investment holding company involved in the mining, production, and trading of coal with a market capitalization of SGD552.01 million.
Operations: The company generates revenue of $522.02 million from its coal mining operations.
Market Cap: SGD552.01M
Geo Energy Resources Limited, with a market capitalization of SGD552.01 million, has shown recent sales growth to US$289.54 million for the first half of 2025 but experienced a decline in net income to US$19.71 million compared to the previous year. The company's stock trades significantly below its estimated fair value, yet its dividend history is unstable and interest payments are not well covered by EBIT. Despite satisfactory debt levels and operating cash flow coverage, profit margins have decreased from last year and earnings growth remains negative. The board's average tenure suggests relative inexperience which may impact strategic direction.
- Jump into the full analysis health report here for a deeper understanding of Geo Energy Resources.
- Understand Geo Energy Resources' earnings outlook by examining our growth report.
Zhefu Holding Group (SZSE:002266)
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Zhefu Holding Group Co., Ltd. focuses on the research, development, manufacture, installation, and service of hydropower equipment both in China and internationally, with a market cap of CN¥21.33 billion.
Operations: The company's revenue is primarily generated from China, amounting to CN¥21.21 billion, with a smaller contribution of CN¥30.06 million from international markets.
Market Cap: CN¥21.33B
Zhefu Holding Group Co., Ltd. has demonstrated robust earnings growth, with a recent 38.1% increase surpassing industry averages, though its share price remains highly volatile and trades significantly below estimated fair value. The company maintains strong financial health, with short-term assets exceeding both short and long-term liabilities and more cash than total debt. Despite a low return on equity of 9.5%, Zhefu's interest payments are well covered by EBIT, and it has not faced meaningful shareholder dilution recently. However, the presence of large one-off gains in financial results suggests potential variability in earnings quality over time.
- Unlock comprehensive insights into our analysis of Zhefu Holding Group stock in this financial health report.
- Gain insights into Zhefu Holding Group's future direction by reviewing our growth report.
Where To Now?
- Jump into our full catalog of 975 Asian Penny Stocks here.
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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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