ASX Penny Stocks With Market Caps At Least A$100M

Simply Wall St.10-31

The Australian stock market is experiencing a cautious phase, with the ASX extending its losses amid concerns over unlikely rate cuts and recent inflation data influencing the Reserve Bank's decisions...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Penny Stocks With Market Caps At Least A$100M\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/asx-penny-stocks-market-caps-230639614.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Australian stock market is experiencing a cautious phase, with the ASX extending its losses amid concerns over unlikely rate cuts and recent inflation data influencing the Reserve Bank's decisions...</p>\n\n<a href=\"https://finance.yahoo.com/news/asx-penny-stocks-market-caps-230639614.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ANG.AU","symbol_name":"AUSTIN ENGINEERING LTD","start_time":0,"source_url":"https://finance.yahoo.com/news/asx-penny-stocks-market-caps-230639614.html","article_id":"2479795639","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/fZxxC7WFAddugsI0.C6IZw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/2b615bb0216a492e754128412857f305"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479795639","pubTimestamp":1730329599,"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"The Australian stock market is experiencing a cautious phase, with the ASX extending its losses amid concerns over unlikely rate cuts and recent inflation data influencing the Reserve Bank's decisions. In such a climate, investors may turn their attention to penny stocks—often seen as smaller or newer companies that offer growth opportunities at lower price points. Despite being considered an outdated term, penny stocks remain relevant for those seeking potential upside when backed by strong financial health.Overview: Joyce Corporation Ltd  is an Australian company that retails kitchen and wardrobe products, with a market cap of A$124.48 million.Operations: The company's revenue is primarily derived from its Australian Transport segment at A$582.80 million, followed by Fuel distribution at A$230.79 million and New Zealand Transport operations c","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ANG.AU":"AUSTIN ENGINEERING LTD","NGI.AU":"NAVIGATOR GLOBAL INVESTMENTS","JYC.AU":"JOYCE CORPORATION LIMITED","HLO.AU":"Helloworld Travel Ltd","BK7095":"多种金属与采矿","BK7077":"建筑机械与重型卡车","BK7502":"大麻概念","MXI.AU":"MaxiParts Limited","KSC.AU":"K&S Corp Ltd","BK7132":"教育服务","BK7045":"广告","BK7508":"医药生物股","BK7058":"航空货运与物流","ATP.AU":"ATLAS PEARLS LTD","PRN.AU":"PERENTI LTD","BK7070":"酒店、度假村与豪华游轮","XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","BK7067":"生物科技","EVO.AU":"EMBARK EARLY EDUCATION LTD","BK7062":"资产管理与托管银行","GTN.AU":"GTN LTD","BK7088":"工业机械","BK7131":"服装、服饰与奢侈品","RAC.AU":"RACE ONCOLOGY LTD","BK7107":"家庭装饰零售","LBL.AU":"LASERBOND LTD"},"translate_title":"市值至少1亿澳元的ASX细价股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATP.AU":1,"ANG.AU":1,"RAC.AU":1,"PRN.AU":1,"NGI.AU":1,"MXI.AU":1,"LBL.AU":1,"KSC.AU":1,"HLO.AU":1,"GTN.AU":1,"EVO.AU":1,"XKO.AU":0.9,"XJO.AU":0.9,"XAO.AU":0.9,"JYC.AU":0.9},"content_text":"The Australian stock market is experiencing a cautious phase, with the ASX extending its losses amid concerns over unlikely rate cuts and recent inflation data influencing the Reserve Bank's decisions. In such a climate, investors may turn their attention to penny stocks—often seen as smaller or newer companies that offer growth opportunities at lower price points. Despite being considered an outdated term, penny stocks remain relevant for those seeking potential upside when backed by strong financial health.\nTop 10 Penny Stocks In Australia\n\n\n\nName\nShare Price\nMarket Cap\nFinancial Health Rating\n\n\nLaserBond (ASX:LBL)\nA$0.615\nA$72.09M\n★★★★★★\n\n\nEmbark Early Education (ASX:EVO)\nA$0.785\nA$144.03M\n★★★★☆☆\n\n\nMaxiPARTS (ASX:MXI)\nA$1.895\nA$104.82M\n★★★★★★\n\n\nHelloworld Travel (ASX:HLO)\nA$1.745\nA$281.08M\n★★★★★★\n\n\nAustin Engineering (ASX:ANG)\nA$0.52\nA$322.48M\n★★★★★☆\n\n\nNavigator Global Investments (ASX:NGI)\nA$1.69\nA$828.23M\n★★★★★☆\n\n\nPerenti (ASX:PRN)\nA$1.17\nA$1.08B\n★★★★★★\n\n\nAtlas Pearls (ASX:ATP)\nA$0.145\nA$63.17M\n★★★★★★\n\n\nGTN (ASX:GTN)\nA$0.465\nA$91.13M\n★★★★★★\n\n\nJoyce (ASX:JYC)\nA$4.22\nA$124.48M\n★★★★★★\n\n\n\nClick here to see the full list of 1,033 stocks from our ASX Penny Stocks screener.\nHere's a peek at a few of the choices from the screener.\nJoyce\nSimply Wall St Financial Health Rating: ★★★★★★\nOverview: Joyce Corporation Ltd (ASX:JYC) is an Australian company that retails kitchen and wardrobe products, with a market cap of A$124.48 million.\nOperations: The company's revenue is derived from three segments: Retail Bedding - Franchise Operation (A$5.89 million), Retail Bedding Stores - Company-owned (A$17.26 million), and Retail Kitchen and Wardrobe Showrooms (A$121.30 million).\nMarket Cap: A$124.48M\nJoyce Corporation Ltd, with a market cap of A$124.48 million, shows promise in the penny stock arena due to its diversified revenue streams across retail bedding and kitchen products. The company has demonstrated high-quality earnings, with a significant 27.7% annual profit growth over the past five years and an outstanding return on equity of 45.2%. Despite shareholder dilution over the past year, Joyce remains debt-free with stable weekly volatility. Recent financials highlight marginal sales growth to A$145.51 million and improved net income to A$8.86 million for the year ended June 30, 2024, alongside a confirmed dividend payout strategy.\n\nTake a closer look at Joyce's potential here in our financial health report.\nLearn about Joyce's historical performance here.\n\n\n\n\n  ASX:JYC Financial Position Analysis as at Oct 2024\n \n\nK&S\nSimply Wall St Financial Health Rating: ★★★★☆☆\nOverview: K&S Corporation Limited operates in the transportation and logistics, warehousing, and fuel distribution sectors across Australia and New Zealand, with a market cap of A$476.23 million.\nOperations: The company's revenue is primarily derived from its Australian Transport segment at A$582.80 million, followed by Fuel distribution at A$230.79 million and New Zealand Transport operations contributing A$72.93 million.\nMarket Cap: A$476.23M\nK&S Corporation Limited, with a market cap of A$476.23 million, offers potential within the penny stock landscape through its diverse operations in transportation and logistics. The company reported revenues of A$834.03 million for the year ending June 30, 2024, with net income rising to A$31.23 million. Despite a modest earnings growth of 9.1% over the past year compared to its five-year average, K&S maintains high-quality earnings and stable weekly volatility at 5%. However, challenges include an increased debt-to-equity ratio over five years and short-term assets not fully covering long-term liabilities.\n\nClick to explore a detailed breakdown of our findings in K&S' financial health report.\nGain insights into K&S' historical outcomes by reviewing our past performance report.\n\n\n\n\n  ASX:KSC Debt to Equity History and Analysis as at Oct 2024\n \n\nRace Oncology\nSimply Wall St Financial Health Rating: ★★★★★★\nOverview: Race Oncology Limited, with a market cap of A$255.64 million, is a clinical stage biopharmaceutical company dedicated to addressing the unmet needs of cancer patients through less damaging treatments.\nOperations: The company generates its revenue primarily from Australia, amounting to A$4.00 million.\nMarket Cap: A$255.64M\nRace Oncology Limited, with a market cap of A$255.64 million, remains a speculative option in the penny stock realm due to its pre-revenue status and ongoing unprofitability. The company reported a net loss of A$13.82 million for the fiscal year ending June 2024, reflecting increased losses over five years at an annual rate of 27.6%. Despite these challenges, Race maintains a debt-free position and has sufficient short-term assets (A$17.4M) to cover liabilities, alongside a cash runway exceeding one year if current free cash flow trends persist. Recent board changes may influence strategic direction moving forward.\n\nNavigate through the intricacies of Race Oncology with our comprehensive balance sheet health report here.\nEvaluate Race Oncology's prospects by accessing our earnings growth report.\n\n\n\n\n  ASX:RAC Financial Position Analysis as at Oct 2024\n \n\nSumming It All Up\n\nDiscover the full array of 1,033  ASX Penny Stocks right here.\nAlready own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.\nInvest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.\n\nWant To Explore Some Alternatives?\n\nExplore high-performing small cap companies that haven't yet garnered significant analyst attention.\nJump on the AI train with fast growing tech companies forging a new era of innovation.\nFind companies with promising cash flow potential yet trading below their fair value.\n\n 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.\nCompanies discussed in this article include ASX:JYC ASX:KSC and ASX:RAC.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479795639"}