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Chart of the Day: China-related small cap stocks hit 3% average return YTD in June

Hi-P International recorded a 50.1% YTD return.

This chart from the Singapore Exchange (SGX) shows that the 15 China-related stocks in the FTSE small cap stocks hit an average return of 3% YTD in June.

Top performers include Hi-P International, Asian Pay TV Trust, and Ying Li International with YTD returns of 50.1%, 39.4%, and 19.8%, respectively.

“Hi-P, Ying Li and Asian Pay TV Trust report 55%, 100% and 100% of their revenues respectively to the Greater China region, and are involved in the businesses of electronics manufacturing, commercial real estate and communications services,” SGX noted.

Meanwhile, the worst-performing China-related stocksare Best World International (-48.3%), mm2 Asia (-22.2%), and CITIC Envirotech (-7.4%). “The trio, which report 89.8%, 33.9%, and 97% of their revenues to the Greater China region averaged a -26% total return over the period,” SGX said.

Of the 51 Index constituents, 15 report more than 20% of their full-year revenues to the Greater China region, which spans Mainland China, Hong Kong, Macau and Taiwan. Comprising 14 companies and one business trust, the constituents have a combined market cap of over $7b, ranging from over $200m to more than $900m, SGX noted.
 

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