<div id="readability-page-1"><div><p>As Asian markets navigate a landscape of geopolitical tensions and economic fluctuations, investors are increasingly exploring diverse opportunities for growth. Penny stocks, while often seen as a relic from past market eras, continue to offer potential for significant returns when backed by robust financial health. In this article, we explore several Asian penny stocks that stand out for their financial strength and growth potential.</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>Oiltek International (SGX:HQU)</td><td>SGD0.67</td><td>SGD287.43M</td><td>✅ 4 ⚠️ 2 View Analysis &gt;</td></tr><tr><td>Lever Style (SEHK:1346)</td><td>HK$1.46</td><td>HK$903.04M</td><td>✅ 4 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>Asia Medical and Agricultural Laboratory and Research Center (SET:AMARC)</td><td>THB2.40</td><td>THB1.01B</td><td>✅ 3 ⚠️ 3 View Analysis &gt;</td></tr><tr><td>TK Group (Holdings) (SEHK:2283)</td><td>HK$2.53</td><td>HK$2.1B</td><td>✅ 4 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>Atlantic Navigation Holdings (Singapore) (Catalist:5UL)</td><td>SGD0.109</td><td>SGD57.06M</td><td>✅ 2 ⚠️ 3 View Analysis &gt;</td></tr><tr><td>Yangzijiang Shipbuilding (Holdings) (SGX:BS6)</td><td>SGD3.62</td><td>SGD14.25B</td><td>✅ 5 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>NagaCorp (SEHK:3918)</td><td>HK$4.73</td><td>HK$20.92B</td><td>✅ 5 ⚠️ 1 View Analysis &gt;</td></tr><tr><td>Livestock Improvement (NZSE:LIC)</td><td>NZ$1.00</td><td>NZ$137.01M</td><td>✅ 2 ⚠️ 5 View Analysis &gt;</td></tr><tr><td>Bosideng International Holdings (SEHK:3998)</td><td>HK$4.48</td><td>HK$52.01B</td><td>✅ 4 ⚠️ 2 View Analysis &gt;</td></tr><tr><td>Scott Technology (NZSE:SCT)</td><td>NZ$2.84</td><td>NZ$237.15M</td><td>✅ 3 ⚠️ 1 View Analysis &gt;</td></tr></tbody></table><p>Click here to see the full list of 955 stocks from our  Asian Penny Stocks screener.</p><p>Let's explore several standout options from the results in the screener.</p><h2>Mount Everest Gold Group (SEHK:1815)</h2><p><strong>Simply Wall St Financial Health Rating:</strong> ★★★★★☆</p><p><strong>Overview:</strong> Mount Everest Gold Group Company Limited is an investment holding company that designs and sells gold, silver, colored gemstones, gem-set, and other jewelry products in the People's Republic of China with a market cap of HK$3.43 billion.</p><p><strong>Operations:</strong> The company's revenue primarily comes from its new jewellery retail segment, which generated CN¥295.39 million.</p><p><strong>Market Cap:</strong> HK$3.43B</p><p>Mount Everest Gold Group has demonstrated significant earnings growth, with a very large increase of 304.2% over the past year, outpacing the Specialty Retail industry. The company maintains strong financial health, with short-term assets exceeding both short and long-term liabilities and more cash than total debt. Its operating cash flow sufficiently covers its debt obligations, while interest payments are well covered by EBIT. Despite high weekly volatility compared to most Hong Kong stocks and a relatively inexperienced management team, the company's net profit margins have improved significantly from last year, indicating potential for continued financial performance improvements.</p><ul><li>Unlock comprehensive insights into our analysis of Mount Everest Gold Group stock in this financial health report.</li><li>Learn about Mount Everest Gold Group's historical performance here.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a42fbd27-bbae-4903-a538-4a158b17dba5/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/a42fbd27-bbae-4903-a538-4a158b17dba5/chart/debt-equity-history-analysis"/><figcaption>SEHK:1815 Debt to Equity History and Analysis as at Jan 2026</figcaption></figure><h2>AGTech Holdings (SEHK:8279)</h2><p><strong>Simply Wall St Financial Health Rating:</strong> ★★★★★★</p><p><strong>Overview:</strong> AGTech Holdings Limited is an investment holding company offering digital banking and payment services in Mainland China, Macau, and internationally, with a market cap of HK$2.61 billion.</p><p><strong>Operations:</strong> The company's revenue is derived from three primary segments: Lottery Business (HK$244.57 million), Full-scale Banking Business (HK$151.05 million), and Digital Payment and Related Businesses (HK$317.38 million).</p><p><strong>Market Cap:</strong> HK$2.61B</p><p>AGTech Holdings faces challenges as it remains unprofitable, with a recent net loss of HK$14.18 million for the half year ending September 2025, despite revenue growth to HK$369.43 million. The company's short-term assets of HK$7.3 billion comfortably cover its liabilities, providing financial stability and a cash runway exceeding three years due to positive free cash flow growth. Recent agreements with Alipay aim to leverage their ecosystem for expanding digital payment services in China and Macau, potentially enhancing future revenue streams. However, increased losses from its banking segment highlight ongoing operational hurdles that need addressing.</p><ul><li>Jump into the full analysis health report here for a deeper understanding of AGTech Holdings.</li><li>Assess AGTech Holdings' previous results with our detailed historical performance reports.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/804fc912-62e9-4d51-9208-0cb9b74b6d37/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/804fc912-62e9-4d51-9208-0cb9b74b6d37/chart/debt-equity-history-analysis"/><figcaption>SEHK:8279 Debt to Equity History and Analysis as at Jan 2026</figcaption></figure><h2>ValueMax Group (SGX:T6I)</h2><p><strong>Simply Wall St Financial Health Rating:</strong> ★★★★☆☆</p><p><strong>Overview:</strong> ValueMax Group Limited, with a market cap of SGD921.30 million, operates in Singapore focusing on pawnbroking, moneylending, jewelry and watches retailing, and gold trading businesses.</p><p><strong>Operations:</strong> The company generates revenue from its key segments: SGD85.76 million from pawnbroking, SGD66.87 million from moneylending, and SGD374.23 million from retail and trading of jewelry and gold.</p><p><strong>Market Cap:</strong> SGD921.3M</p><p>ValueMax Group, with a market cap of SGD921.30 million, shows robust revenue streams across its segments: pawnbroking (SGD85.76M), moneylending (SGD66.87M), and jewelry/gold retailing (SGD374.23M). Despite high net debt to equity ratio at 126.2%, interest payments are well covered by EBIT at 13.7x, and short-term assets significantly exceed liabilities, indicating strong liquidity management. Earnings have accelerated with a notable 51% growth over the past year compared to a five-year average of 21.6%. However, negative operating cash flow raises concerns about debt coverage and dividend sustainability remains questionable due to inadequate free cash flow coverage.</p><ul><li>Navigate through the intricacies of ValueMax Group with our comprehensive balance sheet health report here.</li><li>Evaluate ValueMax Group's historical performance by accessing our past performance report.</li></ul><figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/62787c6e-5c5d-4329-9d95-d685127398eb/chart/financial-position-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/62787c6e-5c5d-4329-9d95-d685127398eb/chart/financial-position-analysis"/><figcaption>SGX:T6I Financial Position Analysis as at Jan 2026</figcaption></figure><h2>Make It Happen</h2><ul><li>Embark on your investment journey to our 955  Asian Penny Stocks selection here.</li><li>Interested In Other Possibilities? AI is about to change healthcare. These 30 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.</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>This article highlights three Asian penny stocks with market caps up to US$500 million, focusing on their financial health and growth potential amidst geopolitical tensions and economic fluctuations. The featured stocks include Mount Everest Gold Group, AGTech Holdings, and ValueMax Group, each demonstrating varying degrees of financial performance and challenges. Mount Everest Gold Group shows significant earnings growth and strong financial health, AGTech Holdings faces profitability challenges despite revenue growth, and ValueMax Group exhibits robust revenue streams but concerns over cash flow and debt coverage.</p>

3 Asian Penny Stocks With Market Caps Up To US$500M