🌐 Emerging Market Stock Picks (August 2025)

🤖 DeepSeek Analysis + Cisarua Mountain Dairy, Bank Mandiri, GoTo Gojek, Mitra Adiperkasa, Genting Singapore, SATS Ltd, United Overseas Bank, OCBC, Minor International, Thai Beverage, etc.

Specific stocks covered in this seventh post (with a focus on some countries or stocks that are hopefully more accessible to retail investors via Interactive Brokers or via a foreign listing - see our first posts - 🌐 Emerging Market Stock Picks (Mid-March 2025), 🌐 Emerging Market Stock Picks (Early April 2025), 🌐 Emerging Market Stock Picks (April 2025), 🌐 Emerging Market Stock Picks (May 2025), 🌐 Emerging Market Stock Picks (June 2025) & 🌐 Emerging Market Stock Picks (July 2025)) plus further DeepSeek analysis of this post:

[Note: On desktop browsers, an autogenerated table of contents will appear on the left side linked to each stock. I will add those links below after publishing/emailing this post… Access to some DBS Insights Direct pieces might be restricted depending on your location or browser.]

Asia

• East Asia

  • 🇨🇳 China / 🇭🇰 Hong Kong / 🇲🇴 Macau

  • 🇰🇷 Korea

  • 🇹🇼 Taiwan - Minth Group

• SE Asia

  • 🇮🇩 Indonesia - Bank Negara Indonesia (Persero) Tbk PT, Cisarua Mountain Dairy Tbk PT, Bank Mandiri (Persero) Tbk PT, Japfa Comfeed Indonesia Tbk PT, Charoen Pokphand Indonesia Tbk PT, Bank Rakyat Indonesia (Persero) Tbk PT, Astra Agro Lestari Tbk PT, Perusahaan Gas Negara Tbk PT, Bank Central Asia Tbk PT, Medco Energi Internasional Tbk PT, GoTo Gojek Tokopedia PT Tbk, Mitra Adiperkasa Tbk PT, Indo Tambangraya Megah Tbk PT, Astra International Tbk PT, Avia Avian Tbk PT, Bukit Asam Tbk PT, PT Trimegah Bangun Persada Tbk, Indofood Sukses Makmur Tbk PT, PP London Sumatra Indonesia Tbk PT, Telkom Indonesia (Persero) Tbk & Sarana Menara Nusantara Tbk PT

  • 🇲🇾 Malaysia - IHH Healthcare Bhd & Frencken Group Ltd

  • 🇸🇬 Singapore - Sheng Siong Group Ltd, GuocoLand Ltd, Singapore Telecommunications Ltd, CapitaLand Integrated Commercial Trust, SATS Ltd, Sasseur Real Estate Investment Trust, Hong Leong Asia Ltd,

    Yanlord Land Group Ltd, ComfortDelGro Corporation Ltd, StarHub Ltd, Nanofilm Technologies International Ltd, AEM Holdings Ltd, CapitaLand Investment Ltd, SEA Ltd, Grand Venture Technology Ltd, City Developments Ltd, PropNex Ltd, Singapore Technologies Engineering Ltd, UOL Group Ltd, First Resources Ltd, UMS Integration Ltd, Wilmar International Ltd, ASMPT Ltd, Sembcorp Industries Ltd, Singapore Exchange Ltd, APAC Realty Ltd, IREIT Global, Mapletree Industrial Trust, Genting Singapore Ltd, United Overseas Bank Ltd, Parkway Life Real Estate Investment Trust, Venture Corporation Ltd, Suntec Real Estate Investment Trust, LendLease Global Commercial REIT, Capitaland Ascendas REIT, Oversea-Chinese Banking Corporation Ltd, Elite UK REIT, CapitaLand China Trust, Frasers Logistics & Commercial Trust, Seatrium Limited, NetLink NBN Trust, Keppel Ltd & Mooreast Holdings

  • 🇹🇭 Thailand - Bangkok Chain Hospital PCL, Siam Wellness Group PCL, TQM Alpha PCL, Hana Microelectronics PCL, PTT PCL, Warrix Sport PCL, LH Hotel Leasehold Real Estate Investment Trust, Stecon Group, Srisawad Corporation PCL, Com7 PCL, Bangchak Corporation PCL, Charoen Pokphand Foods PCL, Central Plaza Hotel PCL, TIPCO Asphalt PCL, Mega Lifesciences PCL, Praram 9 Hospital PCL, Chularat Hospital PCL, Thai Beverage PCL, KCE Electronics PCL, CH Karnchang PCL, Erawan Group PCL, Indorama Ventures PCL, Osotspa PCL, Airports of Thailand PCL, CPN Retail Growth Leasehold REIT, CP ALL PCL, BGrimm Power PCL, PTT Global Chemical PCL, Master Style PCL, Bangkok Dusit Medical Services PCL, Central Pattana PCL, Berli Jucker PCL, Bangkok Expressway and Metro PCL, Ekachai Medical Care PCL, Central Retail Corporation PCL, Star Petroleum Refining PCL, Amata Corporation PCL, SVI PCL, PTT Exploration and Production PCL, Tidlor Holdings PCL, Krung Thai Bank PCL, Muangthai Capital PCL, PTT Oil & Retail Business PCL, WHA Industrial Leasehold REIT, Global Power Synergy PCL, IRPC PCL, Thai Union Group PCL, Bumrungrad Hospital PCL, Kasikornbank PCL & Minor International PCL

• South Asia

  • 🇮🇳 India

• Middle East

  • 🇯🇴 Jordan - Capital Bank Of Jordan

  • 🇦🇪 United Arab Emirates (UAE) - Pure Health Holding PJSC &

    RAK Properties

Africa

• 🇿🇦 South Africa - Rainbow Chicken Ltd, ASP Isotopes Inc, ADvTECH Ltd, Grindrod Limited, Sabvest Capital Ltd, Premier Group, Stadio Holdings Ltd, RCL Foods & Metair Investments

Eastern Europe & Emerging Europe

• 🇵🇱 Poland - Toya SA & Dadelo SA

Latin America

• 🇲🇽 Mexico & Central America - Fibra Monterrey SAPI de CV & Grupo Aeroportuario del Sureste (ASUR)

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Readers can decide whether these DeepSeek insights about these stocks are accurate:

🤖 DeepSeek Analysis

• Asia

• Southeast Asia

• Indonesia

• Singapore

• Thailand

• Middle East

• Africa

• South Africa

• Latin America

• Key Themes Attracting Investors

• Risks to Note

🤖 Further Insights

• Stocks with Positive Catalysts & Strong Narratives (▲, 🚀)

• Stocks with Notable Caution or Challenges (⚠️, 🔬)

• Summary of Key Themes from the Qualitative Data

🤖 Forward Annual Dividend Yields Analysis

• Key Conclusions

🤖 Price/Book (Current) and Forward P/E Analysis

• Key Insights on Valuations

  • 1. Value in Banks and Commodities:

  • 2. The Singapore Premium:

  • 3. Thailand's Dichotomy:

  • 4. South African Value Play:

  • 5. outliers and Specific Stories:

• Overall Conclusion

And as always, this post is provided for informational purposes only (and to make your life easier…). It does not constitute investment advice and/or a recommendation…

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📈🗄️ Fund documents / updates; ⚠️ Disclosures or restricted access e.g. based on your location, investor status, etc.; 🇼 Wikipedia page; 🔬 Research analysis (including articles/blog posts from fund managers, etc.); 🎥 Video; 🎙️ Podcast; 🎬 Webinar; 📰 Newspaper/magazine article; 📯 Press release; 💻 Substack/blog/website article; ✅ Our own posts; 🗃️ Linked archived article; ⏰ Upcoming webinar or event.

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Asia

East Asia

🇨🇳 China / 🇭🇰 Hong Kong / 🇲🇴 Macau

Note: For more China & Hong Kong stock picks or ideas, see our monthly China & Hong Kong Stock Picks posts…

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🇰🇷 Korea

Note: For more Korean stock picks or ideas, see our monthly Korean Stock Picks posts…

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🇹🇼 Taiwan

Note: I have note seen any good Twitter/Substack/blog accounts or (free) equity research providers with good coverage of Taiwanese stocks (at least not in English). Please contact me if you know of any…

Minth Group

🔬 Minth Group Ltd (425HK) - Emerging sectors to drive further upside (DBS Insights Direct) 29 Aug 2025 ⚠️

🔬 Minth Group Ltd (425HK) - More valuation upside with new growth catalysts (DBS Insights Direct) 15 Aug 2025 ⚠️

• 🌐 Minth Group (HKG: 0425 / FRA: M3I0 / M3I / OTCMKTS: MNTHY / MNTHF) 🇰🇾 - Manufacturing of exterior & structural automotive parts. Supplier of battery enclosures & body structure components. Taipei HQ. 🏷️

• Price/Book (Current): 1.48

• Forward P/E: 10.47 / Forward Annual Dividend Yield: 1.41% (Yahoo! Finance)

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SE Asia

🇮🇩 Indonesia

Bank Negara Indonesia (Persero) Tbk PT

🔬 Bank Negara Indonesia (Persero) Tbk PT (BBNIIJ) - Subdued loan growth persists (DBS Insights Direct) 30 Aug 2025 ⚠️

• 🌐🏛️ Bank Negara Indonesia (IDX: BBNI / FRA: BKE1 / OTCMKTS: PBNNF / PTBRY) - Originally established as Indonesia’s central Bank. 🇼 🏷️

• Price/Book (Current): 0.95

• Forward P/E: 6.72 / Forward Annual Dividend Yield: 9.12% (Yahoo! Finance)

Cisarua Mountain Dairy Tbk PT

🔬 Cisarua Mountain Dairy (CMRYIJ) - Milking growth opportunities (Initiating Coverage) (DBS Insights Direct) 29 Aug 2025 ⚠️

• 🇮🇩 Cisarua Mountain Dairy (Cimory) Tbk PT (IDX: CMRY) - Protein based FMCG & hospitality. 🏷️

• Price/Book (Current): 5.82

• Forward P/E: 18.55 / Forward Annual Dividend Yield: 3.12% (Yahoo! Finance)

Bank Mandiri (Persero) Tbk PT

🔬 Bank Mandiri (Persero) Tbk PT (BMRIIJ) - Bank Mandiri (BMRI IJ): 7M25 earnings missed consensus estimates (DBS Insights Direct) 29 Aug 2025 ⚠️

🔬 Bank Mandiri (Persero) Tbk PT (BMRIIJ) - Capital stretched, growth disrupted (DBS Insights Direct) 10 Aug 2025 ⚠️

🔬 Bank Mandiri (Persero) Tbk PT (BMRIIJ) - Appointed New CEO following EGSM (DBS Insights Direct) 04 Aug 2025 ⚠️

• 🌏🏛️ Bank Mandiri Tbk PT (IDX: BMRI / FRA: PQ9 / OTCMKTS: PPERF) - Wholesale & Retail segments. 🇼 🏷️

• Price/Book (Current): 1.62

• Forward P/E: 6.72 / Forward Annual Dividend Yield: 10.60% (Yahoo! Finance)

Japfa Comfeed Indonesia Tbk PT

🔬 Japfa Comfeed Indonesia Tbk PT (JPFAIJ) - Price dip creates accumulation window (DBS Insights Direct) 25 Aug 2025 ⚠️

🔬 Japfa Comfeed Indonesia Tbk PT (JPFAIJ) - <Results first take!> Japfa Comfeed Indonesia (JPFA IJ) – Weak boiler price compresses margin (DBS Insights Direct) 01 Aug 2025 ⚠️

• 🇮🇩 Japfa Comfeed Indonesia Tbk PT (IDX: JPFA / FRA: 1JC1 / OTCMKTS: JPFAF) - Indonesia’s largest agri-food companies. Animal protein staples. 🇼 🏷️

• Price/Book (Current): 1.29

• Forward P/E: 6.57 / Forward Annual Dividend Yield: 7.91% (Yahoo! Finance)

Charoen Pokphand Indonesia Tbk PT

🔬 Charoen Pokphand Indonesia Tbk PT (CPINIJ) - Stable, but unexciting (DBS Insights Direct) 25 Aug 2025 ⚠️

• 🇮🇩 Charoen Pokphand Indonesia Tbk PT (IDX: CPIN / FRA: 0CP1 / OTCMKTS: PPOKF) - Poultry feed, broiler, food products & day-old chicks (DOC). Subs. of the Charoen Pokphand Group. 🇼 🏷️

• Price/Book (Current): 2.42

• Forward P/E: 16.10 / Forward Annual Dividend Yield: 2.41% (Yahoo! Finance)