CSOP ETFs Weekly PerformanceRecap-20241025

• Last week, SQU (+1.97% in USD) and SCY (+0.57% in SGD) gained, while LCU (-2.50% in USD), SRT (-2.97% in SGD), and SHD (-1.10% in SGD) fell.

• $CSOP LOW CARBON US$(LCU.SI)$ ‘s fall was attributable to IT, financials and consumer discretionary by sectors, and Japan, China and Taiwan by geographies. By individual firms, the decline was led by TSMC, Alibaba and Samsung Electronics. TSMC fell following suspension of its 2nm plant in Hsinchu for investigation of a death likely caused by electrocution and discovery that chips for a specific customer were delivered to Huawei.

• $CSOP SEA TECH ETF US$(SQU.SI)$ ’s gains were led by Grab and Astra. Grab’s target price was raised +4% by UBS ASEAN bank analyst in anticipation of the sector scaling faster and cheaper than traditional banks, due to a vast user base and favorable regulatory environment. Astra rose following a raise in its target price by 11% by JPM to reflect a projected 12-18% increase in FY24E-26E NPATMI from previous estimates.

• $CSOP S-REITs INDEX ETF(SRT.SI)$ ’s decline was attributable to industrials, retail and office by subsectors and FLT, CICT and MLT by individual REITs. MLT fell after posting fiscal Q2 DPU that is lower by 10.6% y/y.

Source: Bloomberg, as of 20241025.

Disclaimers

“The investment product(s), as mentioned in this document, is/are registered under section 286 of the Securities and Futures Act (Cap. 289) of Singapore (the “SFA”).This material and the information contained in this material shall not be regarded as an offer or solicitation of business in any jurisdiction to any person to whom it is unlawful to offer or solicit business in such jurisdictions. This document is not to be construed as recommendations to buy/sell any above-mentioned securities, or any securities in the above-mentioned sectors or jurisdictions.

CSOP Asset Management Pte. Ltd. (“CSOP”) which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete, and reliable. However, CSOP does not warrant the accuracy and completeness of the information, and shall not be liable to the recipient or controlling shareholders of the recipient resulting from its use. CSOP is under no obligation to keep the information up-to-date. The provision of this document shall not be deemed as constituting any offer, acceptance, or promise of any further contract or amendment to any contract. The information herein shall not be disclosed, used or disseminated, in whole or part, and shall not be reproduced, copied or made available to others without the written consent of CSOP.

Advice should be sought from a financial adviser regarding the suitability of the investment and/or investment product before making an investment. Investment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not necessarily indicative of future performance. Investor should read the prospectus and product highlights sheet, which can be obtained on CSOP website or authorized participating dealers, before deciding whether to invest. This document has not been reviewed by the Monetary Authority of Singapore.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

CSOP ETFs Weekly PerformanceRecap-20241025

Comments