<div id="readability-page-1"><div><p>As global markets respond to the recent Federal Reserve rate cut, with major indices like the Nasdaq Composite and S&amp;P 500 reaching new heights, investors are keenly observing how these shifts might impact smaller-cap stocks in Asia. Penny stocks, often representing smaller or newer companies, continue to hold potential for those seeking unique investment opportunities. Despite their historical reputation as speculative ventures, penny stocks can offer significant value when backed by strong financials and a clear growth trajectory.</p><h3>Top 10 Penny Stocks In Asia</h3><table><tbody><tr><td><strong>Name</strong></td><td><strong>Share Price</strong></td><td><strong>Market Cap</strong></td><td><strong>Rewards &amp; Risks</strong></td></tr><tr><td>Food Moments (SET:FM)</td><td>THB3.92</td><td>THB3.87B</td><td>✅ 4 ⚠️ 0 View Analysis &gt;</td></tr><tr><td>JBM (Healthcare) (SEHK:2161)</td><td>HK$3.09</td><td>HK$2.52B</td><td>✅ 3 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>Lever Style (SEHK:1346)</td><td>HK$1.57</td><td>HK$971.08M</td><td>✅ 4 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>TK Group (Holdings) (SEHK:2283)</td><td>HK$2.43</td><td>HK$2.02B</td><td>✅ 4 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>CNMC Goldmine Holdings (Catalist:5TP)</td><td>SGD0.925</td><td>SGD374.89M</td><td>✅ 4 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>T.A.C. Consumer (SET:TACC)</td><td>THB4.84</td><td>THB2.9B</td><td>✅ 3 ⚠️ 3 View Analysis &gt;</td></tr><tr><td>Yangzijiang Shipbuilding (Holdings) (SGX:BS6)</td><td>SGD3.30</td><td>SGD12.99B</td><td>✅ 5 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>Ekarat Engineering (SET:AKR)</td><td>THB0.97</td><td>THB1.43B</td><td>✅ 2 ⚠️ 2 View Analysis &gt;</td></tr><tr><td>Livestock Improvement (NZSE:LIC)</td><td>NZ$0.95</td><td>NZ$135.23M</td><td>✅ 2 ⚠️ 5 View Analysis &gt;</td></tr><tr><td>Rojana Industrial Park (SET:ROJNA)</td><td>THB4.92</td><td>THB9.94B</td><td>✅ 3 ⚠️ 3 View Analysis &gt;</td></tr></tbody></table><p>Click here to see the full list of 982 stocks from our  Asian Penny Stocks screener.</p><p>Here we highlight a subset of our preferred stocks from the screener.</p><h2>EROAD (NZSE:ERD)</h2><p><strong>Simply Wall St Financial Health Rating:</strong> ★★★★★☆</p><p><strong>Overview:</strong> EROAD Limited offers electronic on-board units and software as a service to the transport industry across New Zealand, the United States, and Australia, with a market cap of NZ$542.54 million.</p><p><strong>Operations:</strong> The company's revenue is derived from several segments, with New Zealand contributing NZ$103.9 million, North America generating NZ$81.2 million, and Australia accounting for NZ$13.7 million, alongside a Corporate &amp; Development segment bringing in NZ$72.5 million.</p><p><strong>Market Cap:</strong> NZ$542.54M</p><p>EROAD Limited, with a market cap of NZ$542.54 million, has shown resilience in the penny stock arena by becoming profitable recently and achieving high-quality earnings. Its strategic partnerships, such as those with Geotab and Whip Around, enhance its telematics and compliance solutions for fleet management across multiple regions. Despite a relatively new board and management team, EROAD's short-term assets cover both its short-term and long-term liabilities. However, its return on equity remains low at 0.4%, while interest payments are not well covered by EBIT (1.1x). Revenue guidance for 2026 is set at $205 million.</p><ul><li>Jump into the full analysis health report here for a deeper understanding of EROAD.</li><li>Gain insights into EROAD's future direction by reviewing our growth report.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/f0ef99e2-2bec-4e2d-90d1-102df790c8d5/chart/debt-equity-history-analysis?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/f0ef99e2-2bec-4e2d-90d1-102df790c8d5/chart/debt-equity-history-analysis"/><figcaption>NZSE:ERD Debt to Equity History and Analysis as at Sep 2025</figcaption></figure><h2>Majestic Dragon AeroTech Holdings (SEHK:918)</h2><p><strong>Simply Wall St Financial Health Rating:</strong> ★★★★★★</p><p><strong>Overview:</strong> Majestic Dragon AeroTech Holdings Limited is an investment holding company involved in the wholesale of timepieces, accessories, garments, and sportswear across Africa, Hong Kong, Mainland China, and Taiwan with a market cap of HK$668.44 million.</p><p><strong>Operations:</strong> The company's revenue is derived from three main segments: Wholesale Business generating HK$90.92 million, Property Investment contributing HK$1.02 million, and Unmanned Aerial Vehicles Business bringing in HK$26.85 million.</p><p><strong>Market Cap:</strong> HK$668.44M</p><p>Majestic Dragon AeroTech Holdings, with a market cap of HK$668.44 million, faces challenges typical of penny stocks, including unprofitability and declining earnings over the past five years. Despite this, it maintains a robust cash position that exceeds its total debt and covers short-term liabilities effectively. The company reported full-year sales of HK$118.79 million for 2025, down from the previous year but with reduced net losses. Its management team is experienced despite an inexperienced board. With positive free cash flow growth and no significant shareholder dilution recently, Majestic Dragon has a sufficient cash runway for over three years.</p><ul><li>Unlock comprehensive insights into our analysis of Majestic Dragon AeroTech Holdings stock in this financial health report.</li><li>Review our historical performance report to gain insights into Majestic Dragon AeroTech Holdings' track record.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/89d4707b-240f-4291-aa39-7ae41b64b0b5/chart/debt-equity-history-analysis?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/89d4707b-240f-4291-aa39-7ae41b64b0b5/chart/debt-equity-history-analysis"/><figcaption>SEHK:918 Debt to Equity History and Analysis as at Sep 2025</figcaption></figure><h2>Frencken Group (SGX:E28)</h2><p><strong>Simply Wall St Financial Health Rating:</strong> ★★★★★★</p><p><strong>Overview:</strong> Frencken Group Limited is an investment holding company that offers original design, original equipment, and diversified integrated manufacturing solutions globally, with a market cap of SGD632.09 million.</p><p><strong>Operations:</strong> The company's revenue is primarily derived from its Mechatronics segment, which generated SGD768.23 million, followed by the Integrated Manufacturing Services (IMS) segment with SGD81.94 million and Investment Holding &amp; Management Services contributing SGD12.58 million.</p><p><strong>Market Cap:</strong> SGD632.09M</p><p>Frencken Group, with a market cap of SGD632.09 million, is navigating the complexities of penny stocks by leveraging its robust financial health and strategic expansions. The company reported half-year sales of SGD431.38 million, showing growth from the previous year, alongside stable net income and earnings per share. Frencken's Mechatronics segment remains a key revenue driver as it embarks on constructing a new manufacturing facility in Singapore to enhance operational efficiencies and expand capacity. Despite low return on equity at 8.7%, the company's debt level is well-managed with cash exceeding total debt, indicating strong financial stability for future growth initiatives.</p><ul><li>Click to explore a detailed breakdown of our findings in Frencken Group's financial health report.</li><li>Gain insights into Frencken Group's outlook and expected performance with our report on the company's earnings estimates.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a4ed64e2-5d20-4b4f-9230-0f360bafd697/chart/revenue-and-expenses-breakdown?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a4ed64e2-5d20-4b4f-9230-0f360bafd697/chart/revenue-and-expenses-breakdown"/><figcaption>SGX:E28 Revenue &amp; Expenses Breakdown as at Sep 2025</figcaption></figure><h2>Taking Advantage</h2><ul><li>Unlock more gems!  Our  Asian Penny Stocks screener has unearthed 979 more companies for you to explore.Click here to unveil our expertly curated list of 982  Asian Penny Stocks.</li><li>Looking For Alternative Opportunities? Outshine the giants: these 24 early-stage AI stocks could fund your retirement.</li></ul> <p><em> This article by Simply Wall St is general in nature. <strong>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.</strong> 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.</em></p></div></div>

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<p>As global markets react to the Federal Reserve's rate cut, investors are focusing on Asian penny stocks, which may offer unique investment opportunities despite their speculative nature. The article highlights ten penny stocks in Asia, including Food Moments, JBM Healthcare, and EROAD, detailing their market caps, financial health, and growth potential. EROAD has shown profitability and strong earnings, while Majestic Dragon AeroTech faces challenges but maintains a solid cash position. Frencken Group is expanding its operations, indicating strong financial stability. Overall, these stocks present potential rewards and risks for investors.</p>

Asian Penny Stocks To Watch In September 2025