Discovering Promising Tech Stocks in Asia

The Asian market is currently characterized by a blend of caution and optimism. China’s economic indicators are demonstrating strong growth despite facing hurdles in the property sector, while Japanese stock markets are seeing increased activity from foreign investors. Given the unpredictable market dynamics and geopolitical tensions, finding high-growth tech stocks requires investors to focus on companies with strong fundamentals and innovative capabilities that can effectively navigate these challenges.

For a detailed exploration of more than 500 stocks available in the Asian High Growth Tech and AI Stocks screener, click here.

Let’s examine some top contenders selected from the screener.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Seegene, Inc. is a global creator and seller of molecular diagnostic products with a market cap of ₩1.16 trillion.

Primarily deriving its revenue from diagnostic kits and related equipment sales worth ₩399.42 billion, Seegene operates on a worldwide scale in the molecular diagnostics sector. The company is projected to see its earnings grow by 44.6% annually, which significantly surpasses the Korean market’s average of 23.3%. Although revenue growth is anticipated at 18.2% yearly—slightly below the high-growth threshold—it significantly exceeds the overall market growth rate of 8.2%. This reflects Seegene’s strong position in a challenging biotech environment, supported by a commitment to R&D for sustained growth.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: NEXON Games Co., Ltd. is a prominent South Korean gaming developer with a market capitalization of around ₩834.80 billion.

NEXON’s revenue mainly comes from game sales totaling ₩245.04 billion, with a small percentage from additional sales. Recently, the announcement of a KRW 15 billion share repurchase program indicates a proactive approach to boosting shareholder value. Although the company’s 10.6% annual revenue growth doesn’t quite reach the high-growth benchmark of 20%, it does surpass South Korea’s average of 8.2%. Furthermore, its earnings growth of 34.8% per year outpaces the broader entertainment sector growth rate of 5.1%.