🌐 Emerging Market Stock Picks (June 2025)

Plus asking DeepSeek for some insights about the Indonesia, Singapore, Thailand, Bahrain, UAE, South Africa, Hungary & Mexico stocks covered in this post, etc.

Specific stocks covered in this fifth 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)) 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

  • SE Asia

    • 🇮🇩 Indonesia - Bank Tabungan Negara (Persero) Tbk PT, Bank Negara Indonesia (Persero) Tbk PT, Bank Mandiri (Persero) Tbk PT, Bank Jago Tbk PT, Bank Central Asia Tbk PT, Astra International Tbk PT, GoTo Gojek Tokopedia Tbk PT, Telkom Indonesia (Persero) Tbk PT & Sarana Menara Nusantara Tbk PT

    • 🇸🇬 Singapore - AEM Holdings Ltd, Singapore Telecommunications Ltd, Wilmar International Ltd, Food Innovators Holdings, CapitaLand China Trust, City Developments Ltd, SIA Engineering Company Ltd, Singapore Airlines Ltd, OTS Holdings, Sheng Siong Group Ltd, ComfortDelGro Corporation Ltd, Grand Venture Technology Ltd, Sasseur REIT & Frasers Centrepoint Trust

    • 🇹🇭 Thailand - SCG Packaging PCL, Ekachai Medical Care PCL, Central Retail Corporation PCL, Master Style PCL, Thai Beverage PCL, TMBThanachart Bank PCL, PTT Exploration and Production PCL, IMPACT Growth Real Estate Investment Trust, LH Hotel Leasehold Real Estate Investment Trust, Bangkok Dusit Medical Services PCL, Airports of Thailand PCL, PTT Global Chemical PCL, Tisco Financial Group PCL, Stecon Group PCL, Praram 9 Hospital PCL, Central Plaza Hotel PCL (Centara Hotels & Resorts), Krung Thai Bank PCL, TQM Alpha PCL, Delta Electronics Thailand PCL & Charoen Pokphand Foods PCL

  • Middle East

    • 🇧🇭 Bahrain - GFH Financial Group

    • 🇦🇪 United Arab Emirates (UAE) - RAK Properties

• Africa

  • 🇿🇦 South Africa - Argent Industrial, Sea Harvest Group Ltd, Stadio Holdings Ltd, Grindrod Limited, Afrimat Ltd, Blue Label Telecoms, Sabvest Capital Ltd, Nampak Ltd, Quantum Foods Holdings, Omnia Holdings, Telkom SA SOC, Premier Group, Oceana Group Ltd, Frontier Transport Holdings, Mr Price Group & Libstar Holdings

• Eastern Europe & Emerging Europe

  • 🇭🇺 Hungary - Wizz Air Holdings

• Latin America

  • 🇲🇽 Mexico & Central America - Alfa SAB de CV, Grupo Aeroportuario del Pacífico & Arca Continental SAB de CV

🤖 DeepSeek Analysis

1. High Dividend Yield Stocks (Income Investors)

2. Value Plays (Low P/B, Undervalued)

3. Growth Potential (Tech/Innovation)

4. Defensive Picks (Stable Cash Flows)

5. Momentum/Technical Picks

6. Special Situations

Key Themes for Investors

• SE Asia Banks: High yields

• Commodity/Industrial Turnarounds

• Tech/Consumer Growth

• Dividend Aristocrats

🤖 Further Insights

1. Indonesian Banks: Loan Growth vs. Margin Pressure

2. Singapore REITs: Yield Plays with Capex Risks

3. Thai Healthcare: Earnings Resilience

4. South Africa: Capital Allocation Stars

5. Tech & Growth Controversies

6. Commodities & Turnarounds

• Key Themes from Headlines/Tweets

🤖 Forward Annual Dividend Yields Analysis

🤖 Price/Book (Current)

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Again, a human analyst will still need to look closer at the above DeepSeek analysis / conclusions to determine whether they are justified or not.

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…

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SE Asia

🇮🇩 Indonesia

Bank Tabungan Negara (Persero) Tbk PT

🔬 Bank Tabungan Negara (Persero) Tbk PT (BBTNIJ) - Credit cost continues to rise amidst concern on the mortgage (DBS Insights Direct) 26 Jun 2025 ⚠️

🔬 Bank Tabungan Negara (Persero) Tbk PT (BBTNIJ) - Bank Tabungan Negara: Why BTN does not deserve a valuation rerating? (DBS Insights Direct) 25 Jun 2025 ⚠️

• 🇮🇩 Bank Tabungan Negara (Persero) Tbk PT (IDX: BBTN / FRA: TA2) - Personal, business & sharia banking. 🇼 🏷️

• Price/Book (Current): 0.48

• Forward P/E: 4.71 / Forward Annual Dividend Yield: 4.80% (Yahoo! Finance)

Bank Negara Indonesia (Persero) Tbk PT

🔬 Bank Negara Indonesia (Persero) Tbk PT (BBNIIJ) - <News Alert> Bank Negara Indonesia (BBNI IJ) 5M25: Soft loan growth trend persists (DBS Insights Direct) 26 Jun 2025 ⚠️

🔬 Bank Negara Indonesia (Persero) Tbk PT (BBNIIJ) - Bank Negara Indonesia: Funding costs continues to bite into profitability (DBS Insights Direct) 25 Jun 2025 ⚠️

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

• Price/Book (Current): 0.91

• Forward P/E: 6.75 / Forward Annual Dividend Yield: 9.08% (Yahoo! Finance)

Bank Mandiri (Persero) Tbk PT

🔬 Bank Mandiri (Persero) Tbk PT (BMRIIJ) - <News Alert> Bank Mandiri (BMRI IJ) 5M25 : Muted earnings growth despite healthy loan growth (DBS Insights Direct) 24 Jun 2025 ⚠️

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

• Price/Book (Current): 1.77

• Forward P/E: 7.81 / Forward Annual Dividend Yield: 9.55% (Yahoo! Finance)

Bank Jago Tbk PT

🔬 Bank Jago Tbk PT (ARTOIJ) - Impressive loan growth trend continues (DBS Insights Direct) 25 Jun 2025 ⚠️

• 🇮🇩 Bank Jago Tbk PT (IDX: ARTO / OTCMKTS: BJAGF) - Tech-based bank focused digital financial solutions. 🇼 🏷️

• Price/Book (Current): 2.77

• Forward P/E: 70.92 / Forward Annual Dividend Yield: N/A (Yahoo! Finance)

Bank Central Asia Tbk PT

🔬 Bank Central Asia Tbk PT (BBCAIJ) - Intact loan growth and lower provision supported earnings growth (DBS Insights Direct) 16 Jun 2025 ⚠️

• 🇮🇩 Bank Central Asia (BCA) Tbk PT (IDX: BBCA / FRA: BZG2 / OTCMKTS: PBCRF) - Largest private bank in Indonesia. Founded by Salim Group & sold to another conglomerate group Djarum. 🇼 🏷️

• Price/Book (Current): 4.30

• Forward P/E: 18.12 / Forward Annual Dividend Yield: 3.46% (Yahoo! Finance)