Coverage update

Research evidence excerpt

Coverage update

Global Markets Research

25 June 2026Coverage update

EQUITY: ASIA EX-JAPAN PRODUCT MANAGEMENT

Changes to research coverage Research Analysts

Asia ex-Japan Equity Strategy

Changes to Nomura’s coverage in AEJ AsiaNIHKEx-Japan Research Team -

nomuraasiapacificresearch-ap@nomura.com

With immediate effect, Nomura’s coverage of the stocks in Fig.1 is transferred to a new

covering analyst.

Fig. 1: Nomura — transfer of analyst coverage

Bloomberg New covering

Market Sector Company ticker Closing price Rating analyst

Indonesia Basic Materials Ancara Logistics Indonesia ALII IJ IDR780 Buy Tushar Mohata

Indonesia Consumer Related Aspirasi Hidup Indonesia ACES IJ IDR330 Buy Tushar Mohata

Indonesia Consumer Related Cisarua Mountain Dairy CMRY IJ IDR4500 Buy Tushar Mohata

Indonesia Consumer Related Daya Intiguna Yasa MDIY IJ IDR850 Buy Tushar Mohata

Indonesia Consumer Related Erajaya Swasembada ERAA IJ IDR372 Buy Tushar Mohata

Indonesia Consumer Related Gudang Garam GGRM IJ IDR17150 Reduce Tushar Mohata

Indonesia Consumer Related H.M. Sampoerna HMSP IJ IDR660 Buy Tushar Mohata

Indonesia Consumer Related Indofood CBP Sukses Makmur ICBP IJ IDR6600 Buy Tushar Mohata

Indonesia Consumer Related Indofood Sukses Makmur INDF IJ IDR6750 Buy Tushar Mohata

Indonesia Telecoms Indosat ISAT IJ IDR1765 Buy Tushar Mohata

Indonesia Consumer Related Industri Jamu Dan Farmasi Sido Muncul SIDO IJ IDR374 Buy Tushar Mohata

Indonesia Consumer Related Kalbe Farma KLBF IJ IDR760 Buy Tushar Mohata

Indonesia Consumer Related Map Aktif Adiperkasa MAPA IJ IDR620 Buy Tushar Mohata

Indonesia Consumer Related Matahari Department Store LPPF IJ IDR1520 Reduce Tushar Mohata

Indonesia Consumer Related Mayora Indah MYOR IJ IDR1815 Buy Tushar Mohata