ASEAN’s Digital Shuffle: Commerce, Banks, and Beyond

In this week’s episode of ASEAN Speaks, Hussaini Saifee, our TMT analyst, introduces the emerging concept of Agentic Commerce — what it means for the future of online shopping, how it compares to existing e-commerce platforms, and the implications for key regional players such as Sea Ltd.

We then turn to Malaysia, where our host, Thilan, breaks down the state of digital banks. With five new licensees, competition is heating up, but profitability remains a distant goal.

Jarick Seet shares insights from his recent roadshow with Sanli Management, outlining key growth drivers and the rationale behind his strong BUY call on the company.

Finally, Krishna Guha discusses his upgrade on Lendlease Global Commercial Trust, highlighting company-specific drivers, the impact of falling benchmark rates, and his quick take on the overall REIT sector outlook.