Weekly Performance Checkpoint
【 $CSOP S-REITs INDEX ETF (SRT.SG)$ 】
– SRT’s fall was primarily due to industrial and office REIT by subsectors as well as MINT, FLT and CLINT. CLINT fell after Temasek sold its shares.  
【 $CSOP USD Money Market Fund (SGXZ96797238.MF)$ 】
– Last week, headline CPI and the core CPI both increased by 0.3% MoM in November, slightly below JPM's prediction. The core basket ...

East Asia
【SQQ/SQU $CSOP SEA TECH ETF S$ (SQQ.SG)$ 】YTD Return: +30.60%
• Sea Ltd's stock outperformed in 2H, rising 59% from mid-year to 29 Nov due to strong 3Q revenue and earnings, easing concerns over margin pressure from increased competition in Southeast Asia.
• Amid potentially higher US tariffs on Chinese goods, this may benefit e-commerce in Southeast Asia.
• JPM notes that since 2019, ASEAN's TMT sectors have ...

– $CSOP S-REITs INDEX ETF (SRT.SG)$ ’s NAV fell -3.63% in SGD in the month of November due to the “red wave” as well as the return of “higher-for-longer” rates story
– Healthcare was the only subsector that gained in November in SRT
– Meanwhile, industrial and office subsectors fell the most in November in SRT
– A notable development this month was MAS’ upward revision to SREIT’s aggregate leverage limit from 45% to 50% with all SREITs subject to minimum ICR of 1...

Weekly Performance Checkpoint
【SRT】
–   $CSOP S-REITs INDEX ETF (SRT.SG)$ ’s rise was led by office and hotel by subsectors and Suntec REIT, MLT and CLINT by individual REITs. Suntec REIT jumped after property tycoon offered to buy out shares through their investment vehicle after their rise in stake prompted a mandatory takeover under Singapore listing rules, and will be keeping the listing status of the REIT.
【MMF】
– Last week, Pr...

Performance King
With a 31% price return, $CSOP SEA TECH ETF S$ (SQQ.SG)$/ $CSOP SEA TECH ETF(USD) (SQU.SG)$ becomes the best ETF performer in 2024 YTD(NOV) at SGX [1]. SQQ/SQU has also garnered significant attention from investors. As of December 4th, the total NAV of CSOP iEdge Southeast Asia + Technology Index ETF reached 240 million USD.[2]
CSOP iEdge Southeast Asia + Technology Index ETF is the first ETF in Singapore to prov...

East Asia
【 $CSOP SEA TECH ETF S$ (SQQ.SG)$ Year-to-date return: +27.82%
• Morgan Stanley predicts that Sea Ltd's profitability will continue until 2025, thanks to Shopee's dominant position in the ASEAN e-commerce sector and the potential of approximately 30% EBITDA CAGR over five years.
Goldman Sachs has added Delta Electronics to its Asia Pacific strong buy stocks list in its monthly update.
【 $CSOP LOW CARBON US$ (LCU.SG)$ Year-to-date return: +16.04%
The Biden administration has implemented updated but less stringent restrictions on Chinese technology exports, leading to an increase in Asian semiconductor stocks, including Taiwan Semiconductor.
Last night, South Korean President Yoon Suk-yeol unexpectedly declared martial law and then withdrew the martial law order, catching the global markets off guard.
china
【 $CSOP STAR&CHINEXT50 SGD (SCY.SG)$ YTD Yield: +13.52% $CSOP DIV ETF S$ (SHD.SG)$ Year-to-date return: +10.07%
In November, the central bank injected 800 billion yuan into the money market through reverse repurchase agreements to help fill the liquidity gap, while accelerating the issuance of government bonds.
• ...

East Asia
【 $CSOP SEA TECH ETF S$ (SQQ.SG)$ 】YTD Return: +27.82%
• Morgan Stanley predicts $Sea (SE.US)$ 's profitability to continue till 2025, driven by Shopee's ASEAN ecommerce dominance and potential for ~30% EBITDA CAGR over five years.
• In a monthly update, Goldman Sachs has added $DELTA ELECTRONICS (DLEGF.US)$ to its APAC conviction list.
【 $CSOP LOW CARBON US$ (LCU.SG)$ 】YTD Return: +16.04%
• Asian semico...

Weekly Performance Checkpoint
【SRT】
– $CSOP S-REITs INDEX ETF (SRT.SG)$’s gains last week were due to industrial, data center and retail by subsectors and KDCREIT, CLAR, and MINT by individual REITs. The 3 REITs gained after Macquarie resumed their coverage with an outperform rating.
【MMF】
– Markets are pricing in fewer rate cuts since November’s FOMC meeting. Bloomberg Economics predicts a rate cut by the Fed in eit...

East Asia
【 $CSOP LOW CARBON US$ (LCU.SG)$ ] YTD Earnings: +11.89%
• At Nvidia $NVIDIA (NVDA.US)$ CEO confirms they are rapidly advancing Samsung $Samsung Electronics Co., Ltd. (SSNLF.US)$ After the certification of artificial intelligence memory chips, Samsung Electronics' stock price rose to 3% on November 25, 2024, reaching the level since November 8Niitaka.
• US is about to sell Chinese goodsA 10% tariff will be addedIt could affect the Chinese stock market.
【 $CSOP SEA TECH ETF S$ (SQQ.SG)$ ] YTD Earnings: +28.23%
• Loop Capital has $Sea (SE.US)$ oftheTarget share price increaseUp to $135, citing significant improvements in its e-commerce and gaming sectors.
• $Sea (SE.US)$ It will benefit from the strong year-over-year increase in in-app purchase revenue in October, as well as the positive outlook after the Asian Internet Conference mentioned by Jefferies (Jefferies).
PRC
【 $CSOP STAR&CHINEXT50 SGD (SCY.SG)$ ] Year-to-date earnings...

East Asia
【 $CSOP LOW CARBON US$ (LCU.SG)$】YTD Return: +11.89%
• $Samsung Electronics Co., Ltd. (SSNLF.US)$ ' shares rose up to 3% on 2024/11/25, reaching a high since Nov. 8, after Nvidia's CEO confirmed that they are fast-tracking the certification of Samsung's AI memory chips.
• The impending additional 10% tariffs on Chinese goods by the US could impact Chinese equities.
【 $CSOP SEA TECH ETF S$ (SQQ.SG)$】YTD Retur...