Asian Penny Stocks To Watch In May 2026

Amidst a backdrop of geopolitical tensions and central banks holding interest rates steady, Asian markets are navigating a complex landscape shaped by energy price fluctuations and evolving economic policies. The term 'penny stocks' might feel like a relic of past market eras, but the potential they represent is as real as ever. Typically referring to smaller or relatively new companies, these stocks can provide a mix of affordability and growth potential when paired with strong financials.

Top 10 Penny Stocks In Asia

Name	Share Price	Market Cap	Rewards & Risks
Guoquan Food (Shanghai) (SEHK:2517)	HK$3.30	HK$8.66B	✅ 4 ⚠️ 2 View Analysis >
Yonghe Medical Group (SEHK:2279)	HK$2.05	HK$1.03B	✅ 4 ⚠️ 1 View Analysis >
Lever Style (SEHK:1346)	HK$1.41	HK$873.99M	✅ 3 ⚠️ 1 View Analysis >
Asia Medical and Agricultural Laboratory and Research Center (SET:AMARC)	THB4.58	THB1.9B	✅ 2 ⚠️ 3 View Analysis >
PC Partner Group (SGX:PCT)	SGD2.18	SGD845.59M	✅ 4 ⚠️ 1 View Analysis >
CNMC Goldmine Holdings (Catalist:5TP)	SGD1.42	SGD575.51M	✅ 4 ⚠️ 2 View Analysis >
Yangzijiang Shipbuilding (Holdings) (SGX:BS6)	SGD4.14	SGD16.29B	✅ 4 ⚠️ 2 View Analysis >
TeleChoice International (SGX:T41)	SGD0.24	SGD108.72M	✅ 4 ⚠️ 2 View Analysis >
Scott Technology (NZSE:SCT)	NZ$2.30	NZ$193.42M	✅ 4 ⚠️ 1 View Analysis >
Lee Feed Mill (SET:LEE)	THB2.44	THB2.17B	✅ 2 ⚠️ 2 View Analysis >

Click here to see the full list of 957 stocks from our Asian Penny Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

CNMC Goldmine Holdings (Catalist:5TP)

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

Overview: CNMC Goldmine Holdings Limited is an investment holding company involved in the exploration and mining of gold deposits in Malaysia, with a market capitalization of SGD575.51 million.

Operations: The company generates revenue primarily from its mining operations, totaling $128.37 million.

Market Cap: SGD575.51M

CNMC Goldmine Holdings has demonstrated significant financial growth, with a reported revenue of US$128.37 million and net income rising to US$42 million for 2025. The company's strong financial position is bolstered by its high-quality earnings and outstanding return on equity of 55.8%. While the share price remains volatile, CNMC's debt is well-covered by operating cash flow, indicating robust liquidity management. Recent updates in its mineral resources revealed an increase in gold reserves, enhancing its asset base despite declines in silver, lead, and zinc estimates. However, dividend stability remains a concern due to an unstable track record.

• Jump into the full analysis health report here for a deeper understanding of CNMC Goldmine Holdings.
• Understand CNMC Goldmine Holdings' earnings outlook by examining our growth report.

Inkeverse Group (SEHK:3700)

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

Overview: Inkeverse Group Limited is an investment holding company that operates mobile live streaming platforms in the People’s Republic of China, with a market cap of HK$1.63 billion.

Operations: The company generates revenue primarily from its live streaming business, amounting to CN¥5.13 billion.

Market Cap: HK$1.63B

Inkeverse Group Limited, with a market cap of HK$1.63 billion, has shown resilience in its financial performance despite challenges. The company's revenue from live streaming reached CN¥5.13 billion, while net income improved to CN¥241.2 million for 2025, reflecting an earnings growth of 33.8% over the past year—surpassing industry averages. Its debt is well-managed with cash exceeding total debt and interest payments comfortably covered by profits. Although the share price remains highly volatile and return on equity is low at 6%, Inkeverse's experienced management and board provide stability amidst market fluctuations, supported by strong asset coverage of liabilities.

• Take a closer look at Inkeverse Group's potential here in our financial health report.
• Understand Inkeverse Group's track record by examining our performance history report.

STP&I (SET:STPI)

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

Overview: STP&I Public Company Limited specializes in the fabrication of steel works and the manufacture and sale of boilers and pressure vessels across Thailand, Australia, the United States, and Canada, with a market cap of ฿8.01 billion.

Operations: The company's revenue is primarily derived from Fabrication Work (฿1.79 billion), Sales and Services (฿1.12 billion), Rental of Real Estates (฿147 million), and Sales of Electricity and Services (฿385 million).

Market Cap: THB8.01B

STP&I Public Company Limited, with a market cap of ฿8.01 billion, has demonstrated significant earnings growth of 114.5% over the past year, outpacing the Metals and Mining industry. Despite this strong performance, its return on equity remains low at 2.5%, and interest coverage is below ideal levels at 1.9x EBIT. The company effectively manages short-term liabilities with assets totaling THB2.7 billion against THB1.5 billion in liabilities; however, long-term liabilities are not fully covered by short-term assets (THB4.5 billion). A recent large one-off gain influenced financial results for 2025, while debt reduction efforts continue steadily over five years.

• Click to explore a detailed breakdown of our findings in STP&I's financial health report.
• Evaluate STP&I's historical performance by accessing our past performance report.

Seize The Opportunity

• Click through to start exploring the rest of the 954 Asian Penny Stocks now.
• Want To Explore Some Alternatives? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit.

This article by Simply Wall St is general in nature. 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. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com