3 Penny Stocks To Consider In November 2024

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Global markets have experienced a notable rally, driven by optimism surrounding potential economic growth and tax reforms following the recent U.S. election results. As investors navigate these evolving conditions, they often seek opportunities in various market segments, including penny stocks—an investment area that remains intriguing despite its somewhat outdated terminology. Penny stocks typically represent smaller or newer companies and can offer a combination of affordability and growth potential when backed by solid financials; here we explore three such stocks that stand out for their financial strength.

Top 10 Penny Stocks

Name

Share Price

Market Cap

Financial Health Rating

Rexit Berhad (KLSE:REXIT)

MYR0.79

MYR136.84M

★★★★★★

BP Plastics Holding Bhd (KLSE:BPPLAS)

MYR1.25

MYR351.85M

★★★★★★

DXN Holdings Bhd (KLSE:DXN)

MYR0.46

MYR2.29B

★★★★★★

Lever Style (SEHK:1346)

HK$0.87

HK$552.27M

★★★★★★

Embark Early Education (ASX:EVO)

A$0.79

A$144.95M

★★★★☆☆

Seafco (SET:SEAFCO)

THB2.06

THB1.67B

★★★★★★

Wellcall Holdings Berhad (KLSE:WELLCAL)

MYR1.53

MYR761.86M

★★★★★★

ME Group International (LSE:MEGP)

£2.25

£847.72M

★★★★★★

Supreme (AIM:SUP)

£1.63

£190.08M

★★★★★★

Kelington Group Berhad (KLSE:KGB)

MYR2.93

MYR2.02B

★★★★★☆

Click here to see the full list of 5,754 stocks from our Penny Stocks screener.

Let's review some notable picks from our screened stocks.

SBS Philippines

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

Overview: SBS Philippines Corporation, along with its subsidiaries, operates in the chemical trading and distribution sector in the Philippines with a market capitalization of ₱5.29 billion.

Operations: SBS Philippines Corporation does not report specific revenue segments.

Market Cap: ₱5.29B

SBS Philippines Corporation, with a market cap of ₱5.29 billion, recently reported third-quarter revenue of ₱270.27 million and net income of ₱9.95 million, showing slight growth from the previous year. Despite trading at 66.7% below estimated fair value and having high-quality earnings, the company faces challenges such as low return on equity (0.6%) and declining profits over five years. Short-term assets exceed both short- and long-term liabilities, indicating strong liquidity; however, interest coverage is weak with EBIT at only 1.8 times interest payments. The management team is experienced with an average tenure of 7.8 years.

PSE:SBS Revenue & Expenses Breakdown as at Nov 2024
PSE:SBS Revenue & Expenses Breakdown as at Nov 2024

Infinity Logistics and Transport Ventures

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

Overview: Infinity Logistics and Transport Ventures Limited is an investment holding company offering logistics services across various countries including China, Indonesia, Malaysia, and others, with a market cap of HK$495.36 million.

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