Spotlight On December 2024's Leading Penny Stocks

In This Article:

As global markets grapple with the Federal Reserve's cautious stance on future rate cuts and political uncertainties, investors are seeking alternative opportunities amid broad-based declines in major indices. Penny stocks, often associated with smaller or newer companies, continue to capture interest for their potential growth at lower price points. While the term may seem outdated, these stocks offer a unique blend of affordability and opportunity when supported by strong financials, making them a compelling area for exploration.

Top 10 Penny Stocks

Name

Share Price

Market Cap

Financial Health Rating

DXN Holdings Bhd (KLSE:DXN)

MYR0.51

MYR2.54B

★★★★★★

Embark Early Education (ASX:EVO)

A$0.755

A$140.36M

★★★★☆☆

Hil Industries Berhad (KLSE:HIL)

MYR0.89

MYR295.43M

★★★★★★

MGB Berhad (KLSE:MGB)

MYR0.74

MYR437.82M

★★★★★★

ME Group International (LSE:MEGP)

£2.115

£796.86M

★★★★★★

Bosideng International Holdings (SEHK:3998)

HK$4.14

HK$45.59B

★★★★★★

Datasonic Group Berhad (KLSE:DSONIC)

MYR0.41

MYR1.14B

★★★★★★

Begbies Traynor Group (AIM:BEG)

£0.926

£146.07M

★★★★★★

Lever Style (SEHK:1346)

HK$0.86

HK$545.92M

★★★★★★

Secure Trust Bank (LSE:STB)

£3.52

£67.13M

★★★★☆☆

Click here to see the full list of 5,839 stocks from our Penny Stocks screener.

We'll examine a selection from our screener results.

Pattern

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

Overview: Pattern S.p.A. specializes in the engineering and production of luxury fashion products for both women and men in Italy, with a market capitalization of €69.76 million.

Operations: The company's revenue is primarily derived from Italy (€53.85 million), followed by the European Union (€43.28 million) and Non-European Countries (€36.72 million).

Market Cap: €69.76M

Pattern S.p.A. has demonstrated impressive financial performance, with earnings growth of 780.2% over the past year, significantly outpacing the luxury industry average. Despite a large one-off gain impacting recent results, its Return on Equity stands at an outstanding 51.3%. The company's debt management is robust, with interest payments well covered by EBIT and a satisfactory net debt to equity ratio of 10.9%. While revenue is expected to grow annually by 10.41%, earnings are forecasted to decline over the next three years. Analysts agree on potential stock price appreciation despite these challenges.

BIT:PTR Debt to Equity History and Analysis as at Dec 2024
BIT:PTR Debt to Equity History and Analysis as at Dec 2024

Marlin Global

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

Overview: Marlin Global Limited is an investment company with a market cap of NZ$202.52 million.