As mentioned before, I have been trying to improve these posts by finding additional resources for other countries or regions to include in them to further build up our Frontier & Emerging Market Stock Index.

Unfortunately, we increasingly don’t have anything that resembles a search engine these days. While Google is still good at producing results for niche searches (or, for example COMPANY NAME “Investor Relations”), its becoming increasingly useless thanks to “sponsored results,” clickbait, misinformation and other garbage.

This of course gives AI an opening to replace flawed search engines. However, DeepSeek and Qwen were only mildly helpful when I gave them examples of the types of stock research or newspaper coverage of analysts ratings that I wanted to find more of for particular regions or countries. And once again, Grok was totally useless when it came to asking it to find tweets or accounts similar to examples I gave it.

Manus.im, another free (with daily credit limits) AI provider which I guess is positioning itself more as an “AI assistant,” was far more helpful and either directly or indirectly led me to finding more resources to follow.

Here is another example question I recently asked Manus that I got excellent results for:

It came up with three possible nurseries that I probably would have only found after multiple Google searches and by going well beyond the first page of results (with no guarantee that I would have found these nurseries given the broad rather than specific geographic target and the fact that I only want to buy one tree – not a whole orchard worth – to plant in my parent’s yard…).

On the other hand, when I ran this lengthy post through Manus, the output seemed much more limited compared to the output of DeepSeek (which either got tired of analysing it after SE Asia or ran out of computing power). In other words, you still need to play around with multiple AI tools and hope one comes up with the sort of results that you are looking for…

Specific stocks covered in this seventh post (with a focus on some countries or stocks that are hopefully more accessible to retail investors via Interactive Brokers or via a foreign listing – see our first posts – 🌐 Emerging Market Stock Picks (Mid-March 2025), 🌐 Emerging Market Stock Picks (Early April 2025), 🌐 Emerging Market Stock Picks (April 2025), 🌐 Emerging Market Stock Picks (May 2025), 🌐 Emerging Market Stock Picks (June 2025), 🌐 Emerging Market Stock Picks (July 2025), 🌐 Emerging Market Stock Picks (August 2025) & 🌐 Emerging Market Stock Picks (September 2025)) plus further DeepSeek analysis of this post:

Note that a number of Middle East stocks covered have rather attractive dividend yields now that CD rates are starting to come down IF you are in places like the USA…

I also saved a copy of this post and ran it through DeepSeek…:

🤖 DeepSeek Analysis
- SE Asia
- Summary of Top Picks by Category:

However and at over 200 pages when saved as a PDF, DeepSeek clearly ran out of gas or got tired by the end of the SE Asia section which necessitated me asking about the other regions in a follow-up question:

Middle East, Eastern Europe & Mexico
- Middle East & Saudi Arabia
- Eastern Europe & Poland
- Mexico
- Summary by Region:

In other words, don’t expect or rely completely on AI to have any more desire than you do of analysing or summarizig a 200+ page annual report or legal documents…

And as always, this post is provided for informational purposes only (and to make your life easier…). It does not constitute investment advice and/or a recommendation…

📈🗄️ Fund documents / updates; ⚠️ Disclosures or restricted access e.g. based on your location, investor status, etc.; 🇼 Wikipedia page; 🔬 Research analysis (including articles/blog posts from fund managers, etc.); 🎥 Video; 🎙️ Podcast; 🎬 Webinar; 📰 Newspaper/magazine article; 📯 Press release; 💻 Substack/blog/website article; ✅ Our own posts; 🗃️ Linked archived article; ⏰ Upcoming webinar or event.

Frontier & Emerging Market Stock Index

Asia

East Asia

🇨🇳 China / 🇭🇰 Hong Kong / 🇲🇴 Macau

Note: For more China & Hong Kong stock picks or ideas, see our monthly China & Hong Kong Stock Picks posts…

🇰🇷 Korea

Note: For more Korean stock picks or ideas, see our monthly Korean Stock Picks posts…

🇹🇼 Taiwan

Note: I have note seen any good Twitter/Substack/blog accounts or (free) equity research providers with good coverage of Taiwanese stocks (at least not in English). Please contact me if you know of any…

SE Asia

🇮🇩 Indonesia

PT GoTo Gojek Tokopedia Tbk

🔬 PT GoTo Gojek Tokopedia Tbk. (GOTO) – Profitability on Track (Kiwoom Sekuritas Indonesia) 31 October 2025 ⚠️

🇮🇩 GoTo Gojek Tokopedia Tbk PT (IDX: GOTO / FRA: CK8 / OTCMKTS: GTOFF) – Ride-hailing app giant Gojek and e-commerce firm Tokopedia. 🇼 🏷️
Price/Book (Current): 1.88
Forward P/E: 71.94 / Forward Annual Dividend Yield: N/A (Yahoo! Finance)

Sarana Menara Nusantara Tbk PT

🔬 TOWR – Fiber expansion strengthens growth outlook (KB Valbury Sekuritas) 31 October 2025 ⚠️

🇮🇩 Sarana Menara Nusantara Tbk PT (IDX: TOWR / OTCMKTS: SMNUF) – Telecommunication towers for wireless operators + other services. 🇼 🏷️
Price/Book (Current): 1.57
Forward P/E: 7.49 / Forward Annual Dividend Yield: 2.97% (Yahoo! Finance)

Kalbe Farma Tbk PT

🔬 KLBF – 9M25 results came in-line on solid 3Q25 sales growth (KB Valbury Sekuritas) 31 October 2025 ⚠️

🔬 PT. Kalbe Farma Tbk (KLBF) – Maintaining Growth Momentum (Kiwoom Sekuritas Indonesia) 30 October 2025 ⚠️

🔬 KLBF: 3Q25 Results – Performance Rebound (Samuel Sekuritas Indonesia) 30 October 2025 ⚠️

🌏🌍 Kalbe Farma Tbk PT (IDX: KLBF / FRA: LCLA / OTCMKTS: PTKFF) – Prescription, over-the-counter drug & nutritional supplement maker. 🇼 🏷️
Price/Book (Current): 2.19
Forward P/E: 12.69 / Forward Annual Dividend Yield: 2.88% (Yahoo! Finance)

PT Bank Syariah Indonesia Tbk

🔬 BRIS – Another inline earnings in 9M25 (KB Valbury Sekuritas) 31 October 2025 ⚠️

🔬 BRIS: BUY (Maintained), TP at 3,100 – 3Q25 Results (Samuel Sekuritas Indonesia) 30 October 2025 ⚠️

🇮🇩🏛️ PT Bank Syariah Indonesia Tbk (IDX: BRIS) – World’s largest Islamic bank by customer numbers. 🇼 🏷️
Price/Book (Current): 2.52
Forward P/E: 12.95 / Forward Annual Dividend Yield: 0.91% (Yahoo! Finance)

Sinergi Inti Andalan Prima Tbk PT

🔬 INET: Attractive: Robust Growth Ahead – BUY (Initiation) – TP at IDR 500 (Samuel Sekuritas Indonesia) 30 October 2025 ⚠️

🇮🇩 Sinergi Inti Andalan Prima Tbk PT (IDX: INET) – Data center interconnection, SD-WAN networking, colocation, multi-service port, cloud-centric enterprise network & managed service network solutions. 🏷️
Price/Book (Current): 9.03
Trailing P/E: 315.86 (no forward P/E) / Forward Annual Dividend Yield: 0.03% (Yahoo! Finance)