Latest news with #Yangzijiang
Yahoo
26-05-2025
- Business
- Yahoo
Global Penny Stocks To Watch With Market Caps Over US$200M
Global markets have experienced a turbulent week, with major stock indexes finishing lower amid Treasury market volatility and renewed tariff threats from the U.S. administration. In such uncertain times, investors often look for opportunities in smaller or newer companies that can offer growth potential despite broader market challenges. Penny stocks, though an outdated term, still represent an investment area where strong financial health can lead to significant returns. We've identified three penny stocks that combine balance sheet strength with potential for outsized gains, offering a chance to discover hidden value in quality companies. Name Share Price Market Cap Financial Health Rating CNMC Goldmine Holdings (Catalist:5TP) SGD0.43 SGD174.27M ★★★★★☆ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.06 SGD8.11B ★★★★★☆ Angler Gaming (NGM:ANGL) SEK3.69 SEK276.69M ★★★★★★ SKP Resources Bhd (KLSE:SKPRES) MYR0.975 MYR1.52B ★★★★★☆ NEXG Berhad (KLSE:NEXG) MYR0.365 MYR1.06B ★★★★★★ Synergy House Berhad (KLSE:SYNERGY) MYR0.72 MYR360M ★★★★★★ Lever Style (SEHK:1346) HK$1.14 HK$719.28M ★★★★★★ Foresight Group Holdings (LSE:FSG) £3.74 £421.42M ★★★★★★ EZZ Life Science Holdings (ASX:EZZ) A$1.54 A$71M ★★★★★★ Tasmea (ASX:TEA) A$2.95 A$685.73M ★★★★★☆ Click here to see the full list of 5,656 stocks from our Global Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Atlas Consolidated Mining and Development Corporation, with a market cap of ₱14.23 billion, operates through its subsidiaries to explore and mine metallic mineral properties in the Philippines. Operations: The company generates revenue of ₱16.74 billion from its operations in the Philippines. Market Cap: ₱14.23B Atlas Consolidated Mining and Development Corporation, with a market cap of ₱14.23 billion, has shown financial resilience despite recent challenges. The company reported a net loss of ₱403.55 million for Q1 2025, reversing from a profit the previous year, yet maintains satisfactory debt levels with a net debt to equity ratio of 31.5%. Its short-term assets exceed short-term liabilities by ₱1.3 billion but fall short on long-term liabilities coverage. Recent amendments to its Articles of Incorporation to include leasing activities aim to diversify revenue streams amidst operational losses and insider selling over the past quarter highlights potential internal concerns. Take a closer look at Atlas Consolidated Mining and Development's potential here in our financial health report. Evaluate Atlas Consolidated Mining and Development's historical performance by accessing our past performance report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Modern Innovative Digital Technology Company Limited operates in trading, money lending and factoring, finance leasing, and financial services in China and Hong Kong with a market cap of approximately HK$1.87 billion. Operations: The company's revenue is primarily derived from trading (HK$60.02 million), followed by money lending and factoring (HK$16.18 million), finance leasing (HK$10.57 million), and financial services (HK$5.82 million). Market Cap: HK$1.87B Modern Innovative Digital Technology Company Limited, with a market cap of HK$1.87 billion, is currently unprofitable and has seen increasing losses over the past five years. Despite this, it maintains strong liquidity with short-term assets of HK$598.5 million surpassing both short- and long-term liabilities. The company is debt-free, having reduced its debt to equity ratio from 3.4% five years ago to zero today. However, the management team and board are relatively inexperienced with average tenures under one year, which could impact strategic direction amidst recent delisting from OTC Equity due to inactivity as of March 2025. Click to explore a detailed breakdown of our findings in Modern Innovative Digital Technology's financial health report. Gain insights into Modern Innovative Digital Technology's historical outcomes by reviewing our past performance report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Pengxin International Mining Co., Ltd operates in the non-ferrous metal industry globally and has a market cap of CN¥9.67 billion. Operations: Revenue Segments: No Revenue Segments Reported Market Cap: CN¥9.67B Pengxin International Mining Co., Ltd, with a market cap of CN¥9.67 billion, operates in the non-ferrous metal industry and remains unprofitable despite a reduction in net loss from CN¥107.86 million to CN¥96.77 million over the past year. The company has strong liquidity, with short-term assets of CN¥3.2 billion exceeding both its short- and long-term liabilities. While its debt to equity ratio improved from 20.2% to 10.2% over five years, negative operating cash flow suggests challenges in covering debt obligations effectively despite having more cash than total debt on hand. Jump into the full analysis health report here for a deeper understanding of Pengxin International MiningLtd. Explore historical data to track Pengxin International MiningLtd's performance over time in our past results report. Click this link to deep-dive into the 5,656 companies within our Global Penny Stocks screener. Contemplating Other Strategies? Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. 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. Companies discussed in this article include PSE:AT SEHK:2322 and SHSE:600490. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Straits Times
22-04-2025
- Business
- Straits Times
Singapore stocks rise as they continue to rally
Across the region, major indexes ended mixed following a weak start on Wall Street and the US dollar falling to a three-year low. ST PHOTO: BRIAN TEO Singapore stocks rise as they continue to rally SINGAPORE - Singapore stocks ended higher on April 22, even as other Asian markets delivered a mixed performance amid trade uncertainty. The benchmark Straits Times Index (STI) rose 1 per cent or 36.19 points to 3,795.41. Across the broader market, gainers outnumbered decliners 359 to 187, after 1.43 billion securities worth $1.48 billion changed hands. The top gainer on the index was offshore and marine specialist Seatrium. The counter rose 4.3 per cent or $0.08 to $1.96. Meanwhile, the biggest decliner was Yangzijiang Shipbuilding, which slid 1.8 per cent or $0.04 to $2.21. This comes after the counter had surged 9 per cent on April 21 after the US eased on proposed port fees on China-built vessels , and has been climbing since April 9, following news reports that the US might soften its stance. Yangzijiang had previously tumbled in February when the United States Trade Representative's office proposed a fee of up to US$1.5 million per port call on such ships . Singapore's trio of local banks continued their ascent on April 22 , with DBS Bank up 1 per cent or $0.43 at $41.85. OCBC Bank rose 0.8 per cent or $0.13 to $16.38, and UOB increased 0.7 per cent or $0.24 to $35.54. Across the region, major indexes ended mixed following a weak start on Wall Street and the US dollar falling to a three-year low. The Bursa Malaysia Kuala Lumpur Composite Index fell 0.9 per cent, Nikkei 225 slipped 0.2 per cent, and the Kospi was down 0.1 per cent. Meanwhile, the Hang Seng Index gained 0.8 per cent and the IDX Composite advanced 1.4 per cent. This comes as US President Donald Trump seeks to counter the economic fallout from trade tensions and immigration restrictions by pushing for looser financial conditions. However, international tensions escalated over the Easter weekend, with Beijing warning countries against striking agreements with Washington that could come at China's expense, noted Mr Jose Torres, senior economist at Interactive Brokers. 'President Trump's escalating demands for the Federal Reserve to lower rates are sparking market turbulence, and sending stocks and the greenback into free fall,' he added. Similarly, Bank of Singapore currency strategist Sim Moh Siong said that the decline in the US dollar has 'gained steam, and may continue amid concerns that the Fed's independence is at risk'. 'The triple combination of rising long-term interest rates, lower equities and a weaker currency is a very negative signal for the greenback,' he added. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
22-04-2025
- Business
- Business Times
Singapore stocks continue to rally on Tuesday; STI up 1%
[SINGAPORE] Singapore stocks ended higher on Tuesday (Apr 22), even as other Asian markets delivered a mixed performance amid trade uncertainty. The benchmark Straits Times Index (STI) rose 1 per cent or 36.2 points to 3,795.41. Across the broader market, gainers outnumbered decliners 359 to 187, after 1.4 billion securities worth S$1.5 billion changed hands. The top gainer on the index was offshore and marine specialist Seatrium . The counter rose 4.3 per cent or S$0.08 to S$1.96. Meanwhile, the biggest decliner was Yangzijiang Shipbuilding , which slid 1.8 per cent or S$0.04 to S$2.21. This comes after the counter had surged 9 per cent on Monday after the US eased port fees on China-built vessels, and has been climbing since Apr 9, following news reports that the US might soften its stance. Yangzijiang had previously tumbled in February when the United States Trade Representative's office proposed a fee of up to US$1.5 million per port call on such ships. Singapore's trio of local banks continued their ascent on Tuesday, with DBS up 1 per cent or S$0.43 at S$41.85. OCBC rose 0.8 per cent or S$0.13 to S$16.38, and UOB increased 0.7 per cent or S$0.24 to S$35.54. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Across the region, major indices ended mixed following a weak start on Wall Street and the US dollar falling to a three-year low. The Bursa Malaysia Kuala Lumpur Composite Index fell 0.9 per cent, Nikkei 225 slipped 0.2 per cent, and the Kospi was down 0.1 per cent. Meanwhile, the Hang Seng Index gained 0.8 per cent and the IDX Composite advanced 1.4 per cent. This comes as US President Donald Trump seeks to counter the economic fallout from trade tensions and immigration restrictions by pushing for looser financial conditions. However, international tensions escalated over the Easter weekend, with Beijing warning countries against striking agreements with Washington that could come at China's expense, noted Jose Torres, senior economist at Interactive Brokers. 'President Trump's escalating demands for the Federal Reserve to lower rates are sparking market turbulence, and sending stocks and the greenback into free fall,' he added. Similarly, Bank of Singapore currency strategist Sim Moh Siong said that the decline in the US dollar has 'gained steam, and may continue amid concerns that the Fed's independence is at risk'. 'The triple combination of rising long-term interest rates, lower equities and a weaker currency is a very negative signal for the greenback,' he added.
Straits Times
21-04-2025
- Business
- Straits Times
Yangzijiang Shipbuilding shares up as US eases proposed port fees on China-built vessels
An aerial view of the Port of Oakland on April 18. The US has eased on its initial proposal of imposing port fees and curbs on China-built vessels. PHOTO: AFP Yangzijiang Shipbuilding shares up as US eases proposed port fees on China-built vessels SINGAPORE - Shares of mainboard-listed Yangzijiang Shipbuilding surged on April 21, after the United States eased on its initial proposal of imposing port fees and curbs on China-built vessels. The counter was trading at $2.24, up 8.7 per cent as at 3.30pm on April 21, but remains 32.1 per cent below its 52-week high of $3.30 in February. It closed 19 cents, or 9.2 per cent, higher at $2.25 on April 21. While the easing of port fees have stabilised Yangzijiang's share price, analysts told The Straits Times that the effects of a global trade slowdown could still dampen its growth. The company saw its share price sink in February, after the US Trade Representative Office (USTR) laid out proposed fees and other shipping restrictions on Chinese vessels. These include port entrance fees of up to US$1 million (S$1.31 million) per vessel owned by Chinese maritime transport operators, or a US$1,000 charge per net ton on the vessel's cargo capacity. But the USTR softened its stance on April 17, deciding not to impose fees based on the percentage of Chinese-built ships in a fleet or future Chinese ship orders. The new fees will be applied once per voyage, up to six times a year. US exporters and vessel owners using China-built vessels to service the Great Lakes, the Caribbean and US territories will also be exempt from port fees. Still, Chinese-built and owned ships will incur a fee of US$50 per net ton from Oct 14, with annual increases of US$30 per ton over the next three years. This fee will apply if it exceeds an alternative calculation method, which charges US$120 per container discharged, rising to US$250 over the same period. Chinese-built ships owned by non-Chinese firms will face a fee of US$18 per net ton, with annual increases of US$5. Mr Paul Chew, head of research at Phillip Securities Research, said the latest move by the US authorities cleared the uncertainty around Yangzijang's share price, which had been weighed down by concerns that the potential fees could be more punitive. 'The larger worry now for the container industry will be the collapse in volumes and possibly rates between the US and China routes,' he said. 'Despite the relief rally, we have worries that the container ship ordering cycle for Yangzijiang will be under pressure from the slowdown in global trade.' Ms Ho Pei Hwa, DBS Bank senior vice-president of equity research, noted that Yangzijiang has a 'wide economic moat' to weather through near-term uncertainties and potential structural shifts. She said: 'The more manageable port fees and increased flexibility for shipping companies and shipbuilders should help ease concerns about cancellations of Chinese shipbuilding orders and future demand. 'We maintain a 'buy' rating and a target price of $3.80 for Yanzijiang.' Mr Isaac Lim, chief market strategist at digital trading platform Moomoo, noted that Yangzijiang has been consistently buying back shares since early April, having repurchased about 15 million shares so far. 'Such consistent actions are typically interpreted by the market as a sign that the company expects stronger growth in the future,' he said. 'Its share price could well reach $2.85 over the next two months and even test its historical high at $3.32 by the end of the third quarter of 2025.' Yangzijiang Shipbuilding is one of the largest non-state-owned shipbuilding companies in China. It runs four shipyards in Jiangsu province, producing a range of vessels including oil tankers, bulk carriers and liquefied natural gas carriers. In March, the firm acquired a 34 per cent stake in a wholly owned subsidiary of Japanese shipyard Tsuneishi Group for 833.1 million yuan (S$149 million). The company has an order book valued at around US$22 billion, according to a bourse filing in November 2024. A Straits Times Index component and considered a blue-chip stock, the company was among the top picks by institutional investors on the Singapore Exchange in 2024. On Feb 26, Yangzijiang Shipbuilding reported a 50.5 per cent year-on-year jump in net profit to 3.6 billion yuan for the second half of the year ended Dec 31, 2024. For the full year, it reported a net profit of 6.6 billion yuan, up 61.7 per cent from 4.1 billion yuan a year prior. Join ST's Telegram channel and get the latest breaking news delivered to you.
