In today’s briefing:
- ASEAN Champions of 2026: Singapore and Thailand – Deep Dive Yields Interesting Stock Ideas
ASEAN Champions of 2026: Singapore and Thailand – Deep Dive Yields Interesting Stock Ideas
- ASEAN has underperformed Asia in 2026, but Singapore (up 24%) and Thailand (up 28%) are stand-out outperformers. Both have benefitted from AI capex, but many other drivers have supported Singapore.
- Both Markets have had significant EPS estimate upgrades driven by tech hardware, industrials and process industries. For Thailand, basic materials and energy have also chipped in significantly.
- Screening stocks on strong growth, reasonable valuations, healthy balance sheets and EPS upgrades over past 6 months, we highlight 5 stocks in Singapore and 6 in Thailand.

