Asian Penny Stocks Under US$2B Market Cap

As global markets navigate a landscape marked by economic uncertainties, Asian stock indices have shown resilience, with notable performances in key sectors like technology and consumer goods. For investors seeking opportunities beyond established giants, penny stocks—though an older term—remain relevant as they often represent smaller or newer companies with potential for growth. This article explores three such Asian penny stocks that exhibit financial strength and could offer intriguing investment prospects.

Top 10 Penny Stocks In Asia

Click here to see the full list of 958 stocks from our Asian Penny Stocks screener.

We're going to check out a few of the best picks from our screener tool.

PSG Corporation (SET:PSG)

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

Overview: PSG Corporation Public Company Limited, along with its subsidiary, operates in turnkey engineering, procurement, and construction (EPC) services for large-scale projects in Thailand and the Lao People's Democratic Republic, with a market cap of THB62.27 billion.

Operations: The company generates THB2.63 billion in revenue from its plant and building construction segment.

Market Cap: THB62.27B

PSG Corporation exhibits a mixed financial profile, with no debt and short-term assets exceeding liabilities, indicating solid liquidity. However, its return on equity is low at 8.4%, and recent earnings have declined significantly, with net income dropping to THB 19.03 million from THB 388.76 million year-on-year for Q2 2025. The company recently approved a reverse stock split and capital reduction to address an equity deficit of over THB11 billion, reflecting strategic restructuring efforts amidst high share price volatility and declining profit margins from the previous year’s figures of 49.3% to the current 14.7%.

• Click to explore a detailed breakdown of our findings in PSG Corporation's financial health report.
• Examine PSG Corporation's past performance report to understand how it has performed in prior years.

Tai Sin Electric (SGX:500)

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

Overview: Tai Sin Electric Limited, with a market cap of SGD294.57 million, manufactures and deals in cable and wire products across Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Operations: The company's revenue segments include Cable & Wire at SGD342.64 million, Electrical Material Distribution at SGD107.81 million, Test & Inspection at SGD29.94 million, and Switchboard at SGD3.14 million.

Market Cap: SGD294.57M

Tai Sin Electric Limited demonstrates strong financial growth, with earnings surging by 77.7% over the past year, significantly outpacing the Electrical industry's growth. The company's net profit margins improved from 3.6% to 5.4%, and its short-term assets of SGD312.2 million comfortably cover both short-term and long-term liabilities, enhancing liquidity stability. Despite a satisfactory net debt to equity ratio of 20.5%, operating cash flow remains negative, indicating potential challenges in covering debt through operations alone. The seasoned management and board contribute positively to governance, while earnings quality remains high despite increased debt levels over five years.

• Get an in-depth perspective on Tai Sin Electric's performance by reading our balance sheet health report here.
• Understand Tai Sin Electric's track record by examining our performance history report.

Hour Glass (SGX:AGS)

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

Overview: The Hour Glass Limited is an investment holding company that focuses on the retailing and distribution of watches, jewelry, and other luxury products across various countries including Singapore, Hong Kong, Japan, Australia, New Zealand, Malaysia, Thailand, and Vietnam with a market cap of SGD1.36 billion.

Operations: The company's revenue for the segment of retailing and distribution of watches, jewelry, and other luxury products is SGD1.17 billion.

Market Cap: SGD1.36B

Hour Glass Limited, with a market cap of SGD1.36 billion, presents a mixed picture for investors in the penny stock arena. The company boasts strong liquidity with short-term assets of SGD542.5 million covering both short and long-term liabilities, and its debt is well-managed with cash exceeding total debt. However, recent earnings growth has been negative, contrasting with the broader Specialty Retail industry trend. Despite this setback, Hour Glass maintains high-quality earnings and stable weekly volatility at 2%. Recent strategic moves include a share buyback program authorized to repurchase up to 10% of issued shares, reflecting confidence in its financial position.

• Take a closer look at Hour Glass' potential here in our financial health report.
• Explore historical data to track Hour Glass' performance over time in our past results report.

Next Steps

• Unlock our comprehensive list of 958 Asian Penny Stocks by clicking 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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