Hidden Heroes in ASEAN Markets

This week in ASEAN speaks, we are joined by Kervin Sisayan following a 52-week high in the Philippine Market, with its central bank (BSP) hinting at a potential 50bps rate cut and a 250bps reserve requirement ratio (RRR) cut by the end of the month. BSP expects inflation to settle within the 2.0-2.8% range in Sep attributed to lower food prices and peso appreciation. Kervin believes that this should positively impact the banking sector by supporting loan growth and keeping net interest margins (NIM) elevated, as the offsetting effects of the policy rate and RRR cuts suggest NIMs will remain strong despite falling interest rates. Tune in to find out what his "Magic 8" top picks are! Flying over to Thailand, we are joined by Boonyakorn Amornsak, who will take us through his BUY call on Airports of Thailand (AOT), citing his elevation in target price to be driven by a solid recovery in inbound tourists. Along with a potential upside driven by transit-transfer passengers and higher concession revenue from the addition of a new ground and cargo service provider. Don't miss out on this opportune stock, for AOT is currently traded on the SGX as a SDR!

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