In this week’s episode of ASEAN Speaks, Thilan Wickramasinghe, our Head of Research, introduces the 3Q25 Singapore banks outlook, and discussed "value-up" reforms that could unlock value and sustain the SMID rally.

We then turn to Hussaini Saifee, our TMT analyst, who breaks down his decision to downgrade SEA Limited to a HOLD, citing slower margin recovery.

Finally, our host, Jarick Seet, discusses his decision to maintain a BUY on Marco Polo Marine, highlighting their new growth opportunities.

Stay tuned for more insights on ASEAN markets in our next episode.