EM Fund Stock Picks & Country Commentaries (May 3, 2026)

I am traveling or rather on holiday in Korea – so this post is only covering a large number of late March or Q1 fund updates (our continuously updated post containing all funds is here) that have become available. The normal Monday (free) post will need to be later in the week and might mostly cover what’s in my email inbox…

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

  • 📈🇹🇼 Grand Process Technology Corporation (TPEX: 3131) – Semiconductor wet processing equipment (metal etching equipment & 8/12 inch single wafer cleaning equipment).

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

  • 📈🇹🇼 Accton Technology (TPE: 2345) – Open hardware platforms for data center, carrier access, campus, SD-WAN networks & IoT. 🇼 🏷️

  • 📈🇹🇼 Taiwan Union Technology Corporation (TPEX: 6274) – Value-added materials & advanced mass lamination service to the global electronics industry.

  • 📈🏧🇹🇼 Nan Juen International Co Ltd (TPEX: 6584) – Steel ball guide rails for residential & industrial uses.

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

  • 📉🇨🇳 Hesai Group (NASDAQ: HSAI) – Lidar products for autonomous mobility, robots, etc. Three-dimensional light detection & ranging (lidar) solutions. 🏷️

  • 🏧🇨🇳 Centre Testing International Group Co Ltd (SHE: 300012) – one-stop solutions for testing, inspection, certification, calibration, audit, training & technical services.

  • 🏧🇰🇷 DB Insurance Co Ltd (KRX: 005830) – Comprehensive non-life insurer. 🇼 🏷️

  • 🏧🇵🇭 Asian Terminals Inc (PSE: ATI / OTCMKTS: AISNF) – Port operator, developer & investor. DP World Inc (DFM: DPW) global port network.

  • 🏧🇮🇳 🇱🇰 ITC Hotels Ltd (NSE: ITCHOTELS / BOM: 544325) – Hotels, resorts & hospitality education. 6 brands in the luxury, boutique premium, upper upscale category, midscale & heritage leisure space. 🇼 🏷️

  • 🏧🇰🇷 LEENO Industrial (KOSDAQ: 058470) – Testing components for IC production, test & analysis.