EM Fund Stock Picks & Country Commentaries (July 27, 2026)

As of late July, more June/Q2 fund updates (our continuously updated post containing all funds is here) along with new emerging market research have become available (Note that I went to California last week, so some posts may publish latter or earlier than normal):

🗄️ 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; 📝 Transcript; 📰 Newspaper/magazine article; 📯 Press release; 💻 Substack/blog/website article; ✅ Our own posts; 🗃️ Linked archived article; ⏰ Upcoming webinar or event.

📈 Contributors; 📉 Detractors; 🏧 Transactions; 🚩Discusses/mentions stocks by name.

Disclaimer: We usually use Deepseek to summarize or extract stock names and assign performance emojis. Like all AI, Deepseek is not perfect and regularly adjusts their model which can lead to mistakes/misunderstandings/misinterpretations of the data its given. Your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content.

• 🗄️🌏 The June monthly factsheet (detailed economic and portfolio) for Abrdn Asia Focus PLC (LON: AAS), a high conviction portfolio of Asian small caps, discussed or mentioned:

  • 📈🇰🇷 Hansol Chemical (KRX: 014680) – Fine chemicals + display, semiconductor & LiB materials. 🇼 🏷️

  • 📈🏧🇰🇷 HPSP (KOSDAQ: 403870) – High pressure annealing semiconductor equipment

  • 📈🇨🇳 Zhejiang Shuanghuan Driveline Co Ltd (SHE: 002472) 🇨🇳 – Gears, transmission & drive components.

  • 📈🇨🇳 Precision Tsugami China Corporation Ltd (HKG: 1651) 🇰🇾 – CNC high precision machines (precision automatic lathes, turret machines, machining centre, grinding machines, thread/rolling machines, etc.). Subs. of Tsugami Corp (TYO: 6101 / OTCMKTS: TSGMF).

  • 📈🇮🇳 Aegis Logistics (NSE: AEGISLOG / BOM: 500003) – Integrated oil, gas & chemical logistics solutions provider.

  • 📈🌏 ASMPT (HKG: 0522 / FRA: AY7A / OTCMKTS: ASMVF) – Chip packaging equipment maker. HK founded. Singapore HQ. 🇼 🏷️

  • 📉🇹🇼 Chroma Ate Inc (TPE: 2360) – Taiwanese automated testing company. Semiconductor testing for AI-artificial intelligence. 🇼 🏷️

  • 📉🇨🇳 Chifeng Jilong Gold Mining Co Ltd (SHA: 600988 / HKG: 6693 / FRA: 5630) – Operating 6 gold mines, 1 polymetallic mine & 1 resources recycling business in China, Southeast Asia & West Africa.

  • 📉🇰🇷 HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (KRX: 009540) – Shipbuilding & offshore engineering businesses. 🏷️

  • 📉🇰🇷👼🏻 HD Hyundai Electric Co Ltd (KRX: 267260) – Electrical equipment, energy storage devices, marine solutions, industrial IoT-based application platform, eco-friendly products, voltage switchboard & generates solar power energy. 🇼 🏷️

  • 📉🇮🇩 PT Indosat Ooredoo Hutchison Tbk (IDX: ISAT / FRA: IDO1 / OTCMKTS: PTITF) – Wireless services for mobile phones + broadband internet lines for homes. 🇼 🏷️

  • 🏧🇰🇷 Koh Young Technology (KOSDAQ: 098460) – Optomechatronics & machine vision technologies. Smart factory solutions with its 3D measurement-based inspection solutions. 🏷️

  • 🏧🇲🇾 Westports Holdings Bhd (KLSE: WPRTS) – Port Klang. Port operations + marine/rental/ancillary services. 🇼 🏷️

  • 🏧🇮🇳 Corona Remedies Ltd (NSE: CORONA / BOM: 544644) – Women’s health, pain management, cardio-diabetes & urology.

• 🔬🌏 Pension Trends in Asia: Beyond Accumulation (Amundi) – Our research, conducted in partnership with consultancy Crisil Coalition Greenwich and based on interviews with participants⁴ of the personal pension ecosystem in Singapore, Hong Kong, Taiwan, Thailand, and Malaysia, paints a retirement landscape that is evolving rapidly against a backdrop of growing wealth and higher living standards. Rapidly ageing populations and low birthrates across the region further accentuate the real or perceived inadequacies of state and workplace pension systems of even robust pension system such as Singapore’s. This will likely fuel the development of personal pensions as well as of post-retirement asset management solutions. Summary

• 🗄️🌏 Fidelity Asian Values Plc (LON: FAS)’s June monthly factsheet (short economic and portfolio review) noted that their portfolio has limited exposure to Taiwan (and its AI stocks) while Indonesia remained the least favoured market. Selections within financial and IT also detracted.

• 🔬🌏🚩 Exuberance and discipline: Finding durable returns in Asia’s crowded market (FSSA Investment Managers) – While value is likely being created amid the artificial intelligence (AI) boom, increasing market concentration highlights the importance of diversification and valuation discipline. Key takeaways:

  • These include innovative industrial and manufacturing firms in China, which are increasingly competing – and winning market share – on the global stage.

    • 🇰🇷 SK Hynix (KRX: 000660) – Manufactures, distributes & sells semiconductor products in Korea, China, Asia, USA & Europe. DRAM, NAND storage products, SSD, MCP & CMOS image sensors for server, networking, mobile, PC, consumer & auto applications. 🇼 🏷️

    • 🇰🇷🅿️ Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF) 🇼 🏷️

    • 🇹🇼 Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE: TSM) 🇼 🏷️

    • 🇺🇸 Micron

    • 🇺🇸 Nvidia

    • 🇺🇸 Intel

    • 🇺🇸 AMD

    • 🇺🇸 Broadcom

    • 🇹🇼 Realtek Semiconductor Corp (TPE: 2379) – Fabless semiconductor company. Microchips. 3 categories: communications network ICs, computer peripheral ICs & multimedia ICs. 🇼 🏷️

    • 🇹🇼 MediaTek (TPE: 2454 / OTCMKTS: MDTTF) – Fabless semiconductor company. Systems-on-chip (SoC) for mobile device, home entertainment, connectivity & IoT products. 🇼 🏷️

    • 🇨🇳 Tencent (HKG: 0700 / LON: 0LEA / FRA: NNND / SGX: HTCD / OTCMKTS: TCEHY) 🇰🇾 – Technology & entertainment conglomerate & holding company. 🇼 🏷️

    • 🇨🇳 Midea Group (SHE: 000333 / HKG: 0300 / FRA: 1520 / OTCMKTS: MGCOF) 🇨🇳 – Manufactures & sells home appliances & robotic & automation systems (Smart Home, Electro-Mechanical, Building Technologies, Robotics & Automation & Digital Innovation). 🇼 🏷️

    • 🇩🇪 Siemens

    • 🇸🇬 Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY) – One of the largest banks in SE Asia. 2nd largest banking group in Singapore. Owns Great Eastern Holdings (SGX: G07 / OTCMKTS: GEHDY). 🇼 🏷️

    • 🇮🇳 ICICI Bank (NYSE: IBN) – MNC bank & financial services. Wide range of banking & financial services for corporate & retail customers. 🇼 🏷️

    • 🇮🇳 HDFC Bank (NYSE: HDB) or Housing Development Finance Corp – One of India’s leading private banks. Nationwide distribution network. 🇼 🏷️

    • 🇮🇳 Kotak Mahindra Bank (NSE: KOTAKBANK / BOM: 500247) – Banking & financial services groups offering a wide range of financial services. 3rd largest private sector bank. 🇼 🏷️

    • 🇨🇳 Shenzhen Inovance Technology (SHE: 300124) – Industrial automation control solutions. 🇼

    • 🇨🇳 Contemporary Amperex Technology Co. Ltd. (CATL) (SHE: 300750 / HKG: 3750 / SGX: HCCD / OTCMKTS: CYATY / CTATF) – World’s largest EV battery maker. 🇼 🏷️

    • 🇨🇳🏛️ XCMG Construction Machinery Co Ltd (SHE: 000425) – Construction machinery. 🇼

    • 🇨🇭 ABB

    • 🇫🇷 Schneider Electric

    • 🇺🇸 Caterpillar

    • 🇯🇵 Komatsu

    • 🇦🇺 BHP

    • 🇨🇳 Huawei