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CSOP ETFs Weekly Performance Recap-20240805

Last week, SQU (+0.39% in USD), SRT (+3.30% in SGD) and $CSOP DIV ETF S$ (SHD.SG)$ (+0.20% in SGD) gained, while LCU (-2.75% in USD) and $CSOP STAR&CHINEXT50 SGD (SCY.SG)$ (-1.04% in SGD) fell.
In $CSOP LOW CARBON US$ (LCU.SG)$, $Toyota Motor (7203.JP)$ fell as its quarterly earnings missed analysts’ forecasts where operating profit was 1.31 trillion yen (vs 1.32 trillion yen est).
$CSOP SEA TECH ETF(USD) (SQU.SG)$ rise was led by Delta Electronics, Astra International and Venture Corp. Astra rose after Macquarie reported that its performance slightly exceeded expectations due to growth in financial services and a steady auto net margin. Astra's 1H24 revenue was 52% of consensus estimates. Astra expects strong performance to continue into 2H24.
$CSOP S-REITs INDEX ETF (SRT.SG)$ gains were due to industrial, data center and retail subsectors. By individual REITs, gains were from KDCREIT, CICT and CLAR. CLAR rose following an additional S$12.3 million allocation to partly finance renovation. Its H124 DPU met 50% of consensus’ yearly forecast and Q224 saw 12% reversion. Management raised annual guidance to high single-digit.
CSOP ETFs Weekly Performance Recap-20240805
Source: Bloomberg, as of 20240802. Past performance is not indicative of future performance.
Source: Bloomberg, as of 20240802. Past performance is not indicative of future performance.
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.”
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