3 Asian Penny Stocks With Market Caps Under US$9B

Amidst a backdrop of global economic shifts and policy changes, Asian markets have demonstrated resilience, with notable performances in key indices. Penny stocks, while often associated with speculative trading, can still offer substantial opportunities when supported by strong financial foundations. In this context, we explore three promising Asian penny stocks that combine growth potential with solid fundamentals, presenting intriguing prospects for investors seeking value in smaller companies.

Name

Share Price

Market Cap

Financial Health Rating

Food Moments (SET:FM)

THB4.34

THB4.29B

★★★★★☆

JBM (Healthcare) (SEHK:2161)

HK$3.07

HK$2.5B

★★★★★★

Lever Style (SEHK:1346)

HK$1.45

HK$914.88M

★★★★★★

TK Group (Holdings) (SEHK:2283)

HK$2.48

HK$2.07B

★★★★★★

CNMC Goldmine Holdings (Catalist:5TP)

SGD0.55

SGD222.91M

★★★★★☆

Yangzijiang Shipbuilding (Holdings) (SGX:BS6)

SGD2.87

SGD11.3B

★★★★★☆

Ekarat Engineering (SET:AKR)

THB1.02

THB1.5B

★★★★★★

Livestock Improvement (NZSE:LIC)

NZ$0.95

NZ$135.23M

★★★★★★

Rojana Industrial Park (SET:ROJNA)

THB4.86

THB9.82B

★★★★★★

BRC Asia (SGX:BEC)

SGD3.59

SGD984.92M

★★★★★★

Click here to see the full list of 978 stocks from our Asian Penny Stocks screener.

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

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

Overview: Guangzhou Automobile Group Co., Ltd. operates in the research, development, manufacture, and sale of vehicles and motorcycles, along with parts and components in Mainland China and internationally, with a market cap of HK$69.61 billion.

Operations: Guangzhou Automobile Group Co., Ltd. has not reported specific revenue segments.

Market Cap: HK$69.61B

Guangzhou Automobile Group faces challenges as recent sales and production figures indicate year-on-year declines of 8.22% and 10.05%, respectively, for June 2025. Despite this, the company maintains a strong financial position with short-term assets exceeding both short- and long-term liabilities, and more cash than total debt. The strategic Brazil expansion underlines its commitment to international growth, though profitability remains an issue with rising losses over five years at an annual rate of 19.3%. Management’s experience is a positive factor, while the stock trades at good value compared to peers despite being removed from a key index recently.

SEHK:2238 Financial Position Analysis as at Aug 2025
SEHK:2238 Financial Position Analysis as at Aug 2025

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

Overview: Guoquan Food (Shanghai) Co., Ltd. operates as a home meal products company in Mainland China and has a market cap of HK$9.93 billion.

Operations: The company generates revenue from its Retail – Grocery Stores segment, amounting to CN¥7.04 billion.

Market Cap: HK$9.93B

Guoquan Food (Shanghai) Co., Ltd. shows robust financial health with short-term assets of CN¥3 billion surpassing both short- and long-term liabilities. Recent earnings reveal a significant improvement, with net income for the half-year reaching CN¥183.34 million, up from CN¥85.98 million the previous year, reflecting enhanced operating efficiency and strategic expansion of its retail network. The company is trading below estimated fair value by 21%, offering potential investment appeal despite a low return on equity at 11%. The board’s average tenure suggests inexperience, but management remains seasoned with over five years of expertise.

SEHK:2517 Financial Position Analysis as at Aug 2025
SEHK:2517 Financial Position Analysis as at Aug 2025

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

Overview: Jiaze Renewables Corporation Limited, with a market cap of CN¥94.94 billion, focuses on the development, construction, sale, operation, and maintenance of new energy power stations in China through its subsidiaries.

Operations: The company’s revenue primarily comes from its operations in China, totaling CN¥2.49 billion.

Market Cap: CN¥9.49B

Jiaze Renewables faces challenges with negative earnings growth over the past year, contrasting its 18.7% annual growth over five years. Despite a high net debt to equity ratio of 70.7%, interest payments are well covered by EBIT, indicating manageable debt levels. The company’s short-term assets exceed short-term liabilities but fall short against long-term obligations, highlighting potential liquidity concerns. Trading at 33.4% below estimated fair value suggests it may offer good relative value compared to peers, though its return on equity remains low at 9.8%. Recent shareholder meetings and earnings calls indicate active corporate governance engagement.

SHSE:601619 Financial Position Analysis as at Aug 2025
SHSE:601619 Financial Position Analysis as at Aug 2025

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.

Companies discussed in this article include SEHK:2238 SEHK:2517 and SHSE:601619.

This article was originally published by Simply Wall St.

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