Promising Penny Stocks To Consider In November 2024

As global markets show resilience with U.S. indexes nearing record highs and a strong labor market driving positive sentiment, investors are increasingly attentive to opportunities in various segments of the stock market. Penny stocks, often associated with smaller or newer companies, remain a niche yet intriguing area for potential growth. Despite their vintage name, these stocks can offer surprising value when backed by solid financial foundations and present an underappreciated chance for growth at lower price points.

Top 10 Penny Stocks

Name

Share Price

Market Cap

Financial Health Rating

BP Plastics Holding Bhd (KLSE:BPPLAS)

MYR1.22

MYR343.4M

★★★★★★

DXN Holdings Bhd (KLSE:DXN)

MYR0.485

MYR2.41B

★★★★★★

Embark Early Education (ASX:EVO)

A$0.80

A$146.79M

★★★★☆☆

Lever Style (SEHK:1346)

HK$0.85

HK$539.57M

★★★★★★

LaserBond (ASX:LBL)

A$0.585

A$68.57M

★★★★★★

Hil Industries Berhad (KLSE:HIL)

MYR0.885

MYR293.77M

★★★★★★

ME Group International (LSE:MEGP)

£2.225

£838.3M

★★★★★★

Next 15 Group (AIM:NFG)

£4.205

£418.21M

★★★★☆☆

Secure Trust Bank (LSE:STB)

£3.59

£68.47M

★★★★☆☆

CSE Global (SGX:544)

SGD0.44

SGD310.8M

★★★★★☆

Click here to see the full list of 5,773 stocks from our Penny Stocks screener.

Let's dive into some prime choices out of the screener.

Yunnan Yunwei

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

Overview: Yunnan Yunwei Company Limited is involved in the production and distribution of coal coke and chemical products in China, with a market cap of CN¥4.05 billion.

Operations: The company's revenue is primarily generated from operations within China, amounting to CN¥960.89 million.

Market Cap: CN¥4.05B

Yunnan Yunwei Company Limited, with a market cap of CN¥4.05 billion, is involved in coal coke and chemical production in China. Despite generating CN¥960.89 million in revenue primarily from domestic operations, the company remains unprofitable with a negative return on equity of -1.18%. It has no debt and its short-term assets of CN¥430.8 million exceed both short-term liabilities (CN¥81.2 million) and long-term liabilities (CN¥13.5 million). Recent earnings reported for nine months ending September 2024 show sales increased to CN¥550.82 million from the previous year but resulted in a net loss of CN¥9.11 million compared to prior net income.

SHSE:600725 Financial Position Analysis as at Nov 2024
SHSE:600725 Financial Position Analysis as at Nov 2024

Jiangsu Huifeng Bio Agriculture

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

Overview: Jiangsu Huifeng Bio Agriculture Co., Ltd. operates in the agricultural sector, focusing on the production and sale of agrochemical products, with a market cap of CN¥3.32 billion.