Coverage update: EQUITY: ASIA-EX-JAPAN PRODUCT MANAGEMENT

Research evidence excerpt

Coverage update: EQUITY: ASIA-EX-JAPAN PRODUCT MANAGEMENT

Global Markets Research

1 July 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 Closing New covering

Market Sector Company ticker price Rating analyst

Indonesia Basic Materials Ancara Logistics Indonesia ALII IJ IDR710 Buy Heng Siong Kong

Indonesia Consumer Related Aspirasi Hidup Indonesia ACES IJ IDR326 Buy Heng Siong Kong

Indonesia Consumer Related Cisarua Mountain Dairy CMRY IJ IDR4450 Buy Heng Siong Kong

Indonesia Consumer Related Daya Intiguna Yasa MDIY IJ IDR900 Buy Heng Siong Kong

Indonesia Consumer Related Erajaya Swasembada ERAA IJ IDR350 Buy Heng Siong Kong

Indonesia Consumer Related Gudang Garam GGRM IJ IDR16250 Reduce Heng Siong Kong

Indonesia Consumer Related H.M. Sampoerna HMSP IJ IDR670 Buy Heng Siong Kong

Indonesia Consumer Related Indofood CBP Sukses Makmur ICBP IJ IDR6800 Buy Heng Siong Kong

Indonesia Consumer Related Indofood Sukses Makmur INDF IJ IDR6675 Buy Heng Siong Kong

Indonesia Telecoms Indosat ISAT IJ IDR1730 Buy Heng Siong Kong

Indonesia Consumer Related Industri Jamu Dan Farmasi SIDO IJ IDR372 Buy Heng Siong Kong

Sido Muncul

Indonesia Consumer Related Kalbe Farma KLBF IJ IDR765 Buy Heng Siong Kong

Indonesia Consumer Related Map Aktif Adiperkasa MAPA IJ IDR620 Buy Heng Siong Kong

Indonesia Consumer Related Matahari Department Store LPPF IJ IDR1480 Reduce Heng Siong Kong