🌐 Emerging Market Stock Picks (February 2026)

This post cover February research reports (many cover earnings) just before the Israel-USA governments attacked on Iran which will have an enormous impact on Middle East and Southeast Asia markets (e.g. fuel prices and/or subsidies are already becoming a serious issue that will hit SE Asian countries hard). Ramadan will also end in about a week which could lead to more serious escalation…

Nevertheless, even “forever wars” eventually end and I am reminded how Carlos Slim’s family fortune largely started when they bought prime Mexico City real estate during the early years of the Mexican Revolution (which lasted for decades…)

Specific stocks covered in this 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), 🌐 Emerging Market Stock Picks (August 2025), 🌐 Emerging Market Stock Picks (September 2025), 🌐 Emerging Market Stock Picks (October 2025), 🌐 Emerging Market Stock Picks (November 2025), 🌐 Emerging Market Stock Picks (December 2025) & 🌐 Emerging Market Stock Picks (January 2026)) 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…]

[UPDATE: The post is too long to re-save/re-publish after I replace the TofC below with the TofC containing links to the stocks covered etc that automatically appears when you move the curser to the left side of the screen on web browsers…]

Readers can decide whether these DeepSeek insights or summary about these stocks are accurate as it apparently ran out of steam after doing the SE Asia stocks (and had to be run again for the remaining stocks):

🤖 DeepSeek Analysis

ANSWER 1 (SE Asia)

1. The Deep Value & Turnaround Picks (Low P/B, Low P/E)

2. The High-Income & Dividend Plays

3. The Growth & Momentum Plays

4. The “Analyst Favorite” (Strong Institutional Backing)

ANSWER 2 (Middle East / Eastern Europe / Latin America)

1. The Deep Value & Turnaround Picks (Low P/B, Low P/E)

2. The High-Income & Dividend Plays

3. The Growth & Momentum Plays

4. The “Analyst Favorite” (Strong Institutional Backing)

5. Special Situation & Thematic Plays

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…

📈🗄️ 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.

Frontier & Emerging Market Stock Index

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

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

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 (425 HK) – Solid growth outlook from battery housing, robotics and AIDC (CMB International) 02-03 2026 ⚠️

• 🌐 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): 1.78

• Forward P/E: 11.70 / Forward Annual Dividend Yield: 1.15% (Yahoo! Finance)

Note: Various DBS sites (Insights Direct, DBS Treasures, etc.) have good coverage of SE Asia and some Chinese/Hong Kong stocks, but some sites are restricted by geography (need VPN) or are harder to search for new research pieces…

🔬 BBTN: BUY (Maintained), TP at 1,600 – Cheapest in the Sector (Samuel Sekuritas Indonesia) Feb 26, 2026 ⚠️

🔬 BBTN – FY25 earnings above; expect CoF to stay low (KB Valbury Sekuritas) 20 February 2026 ⚠️

🔬 TRIN Equity Initiation – Attractive Risk-Reward on NAV Re-rating Potential (Kiwoom Sekuritas Indonesia) February 23, 2026 ⚠️

🔬 PTRO Equity Update – Solid Growth, Diversification Upside, Risks Remain (Kiwoom Sekuritas Indonesia) February 18, 2026 ⚠️

• 🇮🇩 🇦🇺 🇵🇬 Petrosea Tbk PT (IDX: PTRO) – Multi-disciplinary mining services, engineering, procurement & construction (EPC) & oil & gas services. 🏷️

• Price/Book (Current): 10.66

• Forward P/E: 5.96 / Forward Annual Dividend Yield: 0.33% (Yahoo! Finance)

🔬 BRIS: BUY (Maintained), TP at 2,800 – Funding Mix & Fees: Continued Improvements (Samuel Sekuritas Indonesia) Feb 18, 2026 ⚠️

🔬 BRIS – Another inline earnings in FY25 (KB Valbury Sekuritas) 11 February 2026 ⚠️

🔬 BMRI: BUY (Maintained), TP at 5,700 – Calmer Growth Outlook (Samuel Sekuritas Indonesia) Feb 12, 2026 ⚠️

🔬 BMRI – 4Q25 earnings spike; FY25 earnings came above (KB Valbury Sekuritas) 06 February 2026 ⚠️