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 EquityJuneResearch27, 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, we launched on

UzNIF and GE Vernova India, provided our playbook for India results season,

and reiterated our Buy ratings on Samsung Electronics and SK Hynix.

Spotlight on Quant

India Quant: Results Season Playbook We analyze India's result seasons since 2021 to build a

playbook, finding that misses are penalized nearly twice as hard as beats are rewarded, sectors

behave differently, and pre-result momentum signals who beats.

MENA

UzNIF We initiate coverage on UzNIF, highlighting exposure to Uzbekistan’s reform-driven

growth, with tariff reforms and capital market development unlocking valuation upside

supported by strong macro tailwinds.

Technology & Information Services We highlight weakening B2G demand pressuring the sector

outlook, with cloud and AI insufficient to offset declines, while Mobily stands out for lower

exposure and sector-high dividend yield.

LatAm

Lifestyle & Growth Platforms We see SmartFit’s hybrid model driving diversification and

visibility, with rapid TotalPass scaling and strong market share supporting growth, recurring

revenues, and improving returns across both consumer corporate segments.

China

Tencent Tencent’s Weixin AI testing marks a key step toward broader AI integration, with multi-

scenario use cases supporting long-term platform evolution and positioning for official rollout

in 4Q26.

India

Strategy Strong activity momentum persists with power, construction, auto, and credit