As we approach the end of the year, it’s an opportune time to consider investing in select penny stocks before companies announce their year-end results. Here are some recommendations:
Penguin International (SGX: BTM)
Penguin International, known for its focus on high-speed vessels, is poised to benefit from strong demand in maritime transport and offshore support vessels.
Wee Hur Holdings Ltd (SGX: E3B)
Wee Hur, with its diversified portfolio in construction and property development, is well-positioned to benefit from Singapore’s steady real estate market and infrastructure projects.
CNMC Goldmine Holdings Ltd (SGX: 5TP)
As a gold mining company, CNMC is poised to capitalize on higher gold prices driven by economic uncertainties and inflation concerns.
LHN Limited (SGX: 41O)
LHN is a real estate management services group with a diverse portfolio, including industrial, commercial, and residential properties. Its adaptability in space optimization positions it well for potential growth.
Pan-United Corporation Ltd (SGX: P52)
As a leading concrete and cement provider, Pan-United is poised to benefit from infrastructure developments and construction projects in the region.
CSE Global Limited (SGX: 544)
CSE Global has shown consistent revenue growth, with a 30% increase to $725.1 million in FY2023 and a further 22.8% rise in 1H2024. Its diversified engineering solutions across various sectors contribute to its robust performance.
ISOTeam Ltd (SGX: 5WF)
Specializing in building maintenance and estate upgrading, ISOTeam is well-positioned to capitalize on Singapore’s emphasis on sustainable development and infrastructure maintenance.
Hong Leong Asia Ltd (SGX: H22)
As a diversified industrial conglomerate, Hong Leong Asia has been identified as a value pick, with analysts forecasting earnings growth over FY2024 to FY2025.
Oiltek International Limited (SGX: H47)
Oiltek, involved in the engineering and construction of edible oil processing plants, stands to benefit from the growing demand in the food processing industry.
