ASEAN High-Conviction Picks: Best stock ideas in ASEAN – July 2026

研报英文原文证据摘录

ASEAN High-Conviction Picks: Best stock ideas in ASEAN – July 2026

J P M O R G A N Global Markets Strategy

30 June 2026

ASEAN High-Conviction Picks

Best stock ideas in ASEAN – July 2026

In June 2026, the two best-performing sector/country picks were: (1) Thailand Equity Macro Research

AC(stock: MRDIY TB); and (2) the Philippines (stock: ICT PM); while the worst- Khoi Vu, CFA

performing sector/country picks were: (1) Indonesia (stock: ANTM IJ); and (2) (65) 6882-8170

Industrials (stock: STE SP). khoi.t.vu@jpmorgan.com

J.P. Morgan Securities Singapore Private Limited

Key changes this month: Rajiv Batra AC

(65) 6882-8151

• Singapore: add SGX SP, replacing DBS SP. rajiv.j.batra@jpmorgan.com

• Indonesia: add ASII IJ, replacing ANTM IJ. Head of Thailand Research

• Thailand: add HANA TB, replacing MRDIYT TB. Kae Pornpunnarath, CFA

• Financials: add BBL TB, replacing PBK MK. (66-2) 684-2679 kae.pornpunnarath@jpmorgan.com

JPMorgan Securities (Thailand) Limited

Head of Malaysia Research

Yen Voo, CFA, CA

(60-3) 2718 0914

Table 1: ASEAN high-conviction picks for July 2026 yen.voo@jpmorgan.com

JPMorgan Securities (Malaysia) Sdn. Bhd. (18146-

Singapore Malaysia Thailand X) Indonesia

Singapore Exchange Ltd Sunway Construction Group Bhd Hana Microelectronics Pcl Astra International Tbk Pt

Harsh Wardhan ModiAC Yen Voo, CFA, CAAC Samuel TanAC Benny Kurniawan, CFAAC

J.P. Morgan Securities Singapore Private Limited/ JPMorgan Securities (Malaysia) Sdn. Bhd. (18146-X) JPMorgan Securities (Malaysia) Sdn. Bhd. (18146-X) PT J.P. Morgan Sekuritas Indonesia

J.P. Morgan Securities (Asia Pacific) Limited/ J.P.

Morgan Broking (Hong Kong) Limited

Philippines Vietnam Financials Energy, Coal & Utilities

International Container Terminal Vietcombank Bangkok Bank Pcl Tenaga Nasional Bhd