close
close

topicnews · October 24, 2024

Ningbo BirdLtd and 2 other promising penny stocks to keep an eye on

Ningbo BirdLtd and 2 other promising penny stocks to keep an eye on

As global markets continue to navigate a complex environment, recent developments have seen the S&P 500 Index rise, driven by gains in the utilities and real estate sectors, while small-cap indices such as the Russell 2000 outperformed. In this context of changing market dynamics, investors often look for opportunities that may be overlooked by mainstream attention. Penny stocks – although an outdated term – still have relevance because they can offer a mix of affordability and growth potential when backed by strong financials. Here we examine three penny stocks that exemplify these characteristics and offer interesting prospects for those looking for hidden value in the market.

name

Share price

Market capitalization

Financial health assessment

BP Plastics Holding Bhd (KLSE:BPPLAS)

RM1.20

RM337.78 million

★★★★★★

DXN Holdings Bhd (KLSE:DXN)

0.595 MYR

MYR2.96B

★★★★★★

Tristel (AIM:TSTL)

£3,975

£190.6m

★★★★★★

Rexit Berhad (KLSE: REXIT)

0.76 MYR

RM131.64 million

★★★★★★

Lever version (SEHK:1346)

HK$0.77

HK$488.79 million

★★★★★★

Garment from Zhejiang Giuseppe (SZSE:002687)

4.28 CNY

CN¥2.1 billion

★★★★★★

Hil Industries Berhad (KLSE:HIL)

0.925 MYR

RM307.05 million

★★★★★★

Hume Cement Industries Berhad (KLSE:HUMEIND)

RM3.54

MYR2.57B

★★★★★☆

Embark Early Education (ASX:EVO)

A$0.80

A$127.64 million

★★★★☆☆

Next 15 Group (AIM: NFG)

£4.05

£404.29 million

★★★★☆☆

Click here to see the full list of 5,794 stocks from our penny stocks screener.

Let’s look at some notable picks from our reviewed stocks.

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

Overview: Ningbo Bird Co., Ltd. is engaged in the research, development, production and sales of mobile phones and motherboards in China with a market capitalization of CN¥3.32 billion.

Operations: Ningbo Bird Ltd does not report specific revenue segments.

Market capitalization: CN¥3.31 billion

Ningbo Bird Co., Ltd. has demonstrated financial resilience despite the challenges, with current assets of CN¥905.3 million significantly exceeding both long-term and short-term liabilities, indicating a strong liquidity position. The company has more cash than total debt, which suggests prudent financial management. However, profits have declined 11.3% annually over the past five years and posted negative growth of 41.1% last year, reflecting operational challenges in the context of the technology industry. The recently completed CN¥55.49 million in buyback activity may indicate confidence in its future prospects, although sales and profits declined year-on-year.

You may also like...