GEM - In Case You Missed It...

研报英文原文证据摘录

GEM - In Case You Missed It...

Global | Global Insights EquityJuneResearch6, 2026

This product is designed to help global emerging market investors cut

through the noise and focus on what matters. Each week we pick out

our most-read GEM research, as voted by our clients. This week our GEM

coverage takes a leap forward with launches on Singapore REITs and MENA

Healthcare.

ASEAN

Singapore - REIT Singapore REITs are entering their first meaningful dividend growth cycle in

nearly a decade. We believe the market is underestimating the durability of this recovery and

initiate on 10 REITs. Top pick - CLAR.

MENA

Healthcare We initiate on Healthcare services, arguing long-term expansion remains intact

despite recent derating on oversupply fears. Buy Habib (quality play) and Care (deep-value),

cautious on Mouwasat.

India

Poonawalla Fincorp Well-placed to leverage its new leadership team, product expansion,

network build out & sharpened underwriting. We expect sharp growth in earnings with ROA/

ROE expansion. Initiate at Buy.

Finolex FNXC is a leading cables & wires play on domestic housing capex. Our analysis points

to strong volume growth, pricing upside and a continuation of the upgrade cycle. We raise PT

and estimates. Buy.

China

Sungrow Power Supply We argue AIDC will be a key growth driver but investor feedback

remains bifurcated, with concerns on growth Vs peers, comparisons to CATL and SST market

size.

Tech Rising cloud service provider (CSP) capex supports AI hardware demand, but aggressive

API price cuts signal intensifying competition and ROI risks. We favour hardware exposure, led

by memory and equipment into second half.

LatAm

Nu Holdings We hosted NU IR team in the UK, meeting c50 investors across 27 firms. Key