Asian Penny Stocks Worth Watching In September 2026

As September 2026 unfolds, Asian markets are navigating a complex landscape shaped by geopolitical tensions and fluctuating energy prices. Amidst this backdrop, investors are increasingly interested in smaller or newer companies that might offer unique opportunities for growth. While the term "penny stocks" may seem outdated, these securities remain relevant due to their affordability and potential for significant returns when backed by solid financial foundations.

Let's take a closer look at a couple of our picks from the screened companies.

Value Partners Group (SEHK:806)

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

Overview: Value Partners Group Limited is a publicly owned investment manager with a market cap of HK$3.81 billion.

Operations: The company generates revenue primarily from its Asset Management Business, which accounted for HK$1.38 billion.

Market Cap: HK$3.81B

Value Partners Group Limited, with a market cap of HK$3.81 billion, is an investment manager that primarily generates revenue from its asset management business. Despite a recent decline in net income to HK$187.49 million for the first half of 2026, the company maintains strong financial health with more cash than total debt and short-term assets exceeding liabilities. Its price-to-earnings ratio of 6.3x suggests good value compared to the Hong Kong market average. However, a significant one-off gain has impacted recent earnings quality, and its board is relatively inexperienced with an average tenure of 1.9 years.

• Get an in-depth perspective on Value Partners Group's performance by reading our balance sheet health report here.
• Learn about Value Partners Group's future growth trajectory here.

Hunan Mendale HometextileLtd (SZSE:002397)

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

Overview: Hunan Mendale Hometextile Co., Ltd specializes in providing home textiles both in China and internationally, with a market cap of CN¥2.92 billion.

Operations: The company generates revenue primarily from its textile segment, amounting to CN¥1.70 billion.

Market Cap: CN¥2.92B

Hunan Mendale Hometextile Co., Ltd, with a market cap of CN¥2.92 billion, has shown robust earnings growth, increasing by 89.9% over the past year and surpassing its five-year average growth rate of 41.3% annually. Despite this strong performance, the company's return on equity remains low at 4.6%, and its operating cash flow does not adequately cover debt obligations at only 16.9%. Recent financial results for the first half of 2026 indicate improved net income to CN¥34.02 million from CN¥23.97 million a year earlier, though short-term liabilities slightly exceed short-term assets by CN¥100 million.

• Jump into the full analysis health report here for a deeper understanding of Hunan Mendale HometextileLtd.
• Learn about Hunan Mendale HometextileLtd's historical performance here.

Ourpalm (SZSE:300315)

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

Overview: Ourpalm Co., Ltd. is engaged in the development, distribution, and operation of online games both in China and internationally, with a market cap of CN¥11.10 billion.

Operations: The company's revenue is primarily derived from the Information Service Industry, amounting to CN¥681.88 million.

Market Cap: CN¥11.1B

Ourpalm Co., Ltd., with a market cap of CN¥11.10 billion, operates in the online gaming sector and has recently reported a decline in revenue to CN¥333.83 million for the first half of 2026 compared to the previous year. Despite being unprofitable, Ourpalm has successfully reduced losses over five years by 43.6% annually and remains debt-free, with short-term assets significantly exceeding liabilities. The management team is experienced, though the board is relatively new with an average tenure of 2.4 years. Earnings are forecasted to grow substantially at 74% per year, indicating potential future growth opportunities despite current challenges.

• Take a closer look at Ourpalm's potential here in our financial health report.
• Gain insights into Ourpalm's outlook and expected performance with our report on the company's earnings estimates.

Where To Now?

• Explore the 1,034 names from our Asian Penny Stocks screener here.
• Interested In Other Possibilities? The end of cancer? These 34 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's.

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.

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