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 ...

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...

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...

•Last week, LCU (+2.66% in USD), SQU (+3.01% USD) and SCY (+4.89% in SGD) gained while SRT (-3.38% in SGD) and SHD (-0.66% in SGD) fell. This happened amidst the backdrop of Trump winning the US presidency election as well as a 25bps Fed rate cut.
• $CSOP LOW CARBON US$ (LCU.SG)$’s rise is attributable to financials, IT and consumer discretionary by sectors and Japan, China and Australia by region. By individual firms, gains were led by TSMC,   $Toyota Motor (7203.JP)$ and ...

• 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.SG)$’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 investigati...

• Last week,   $CSOP LOW CARBON US$ (LCU.SG)$ (+0.35% in USD), $CSOP SEA TECH ETF(USD) (SQU.SG)$ (+1.89% in USD), $CSOP S-REITs INDEX ETF (SRT.SG)$ (+0.75% in SGD),   $CSOP DIV ETF S$ (SHD.SG)$ (+1.30% in SGD) and   $CSOP STAR&CHINEXT50 SGD (SCY.SG)$ (+5.62% in SGD) gained.
• LCU’s rise was due to financials, real estate and utilities by sector, and Australia, Taiwan and Indonesia by country. By individual firms, gains were predominantly led by Commonwealth Ba...

TSMC has just released its Q3 2024 results, delivering a boost to the chip industry. The performance was impressive, with sales, net profit, and gross margin all exceeding expectations. Revenue grew 39% year-on-year, while net profit surged 54%, with a gross margin of 57.8%. This success is primarily attributed to the sustained strong demand for artificial intelligence (AI), driving sales of $Taiwan Semiconductor (TSM.US)$ 's...

– Last week, $CSOP LOW CARBON US$ (LCU.SG)$ (+0.21% in USD), $CSOP STAR&CHINEXT50 SGD (SCY.SG)$(+11.82% in SGD) and $CSOP DIV ETF S$ (SHD.SG)$ (+30.27% in SGD) gained, while   $CSOP SEA TECH ETF S$ (SQQ.SG)$ (-0.72% in SGD) and $CSOP S-REITs INDEX ETF (SRT.SG)$ (-0.36% in SGD) fell.  
– SCY and SHD rallied in the past week due to the China government’s larger-than-anticipated policy package to stimulate the economy and equity markets that was announced during ...