Depository receipts for CP All, Airports of Thailand, PTT E&P debut slightly higher on SGX

THREE of Thailand’s blue-chip names began trading on the Singapore Exchange (SGX) as Singapore depository receipts (SDRs) on Tuesday (May 30), allowing investors to trade via beneficial interest and participate in the Thai economy.

Convenience store chain operator CP All opened at S$2.49, 0.8 per cent higher than its opening price of 63.50 baht (S$2.47) on the Stock Exchange of Thailand (SET). It eventually closed at S$2.47 on the SGX, the same as on the SET.

Airport operator Airports of Thailand (AOT) began trading at S$2.78, 1.5 per cent higher than its SET opening price of 70.50 baht (S$2.74). At market close, AOT’s SDR were down to S$2.76 on the SGX, a marginal 0.4 per cent higher than its SET closing price of 70.75 baht (S$2.75).

Energy play PTT Exploration and Production opened at S$5.62, 1.1 per cent higher than its SET opening price of 144 baht (S$5.61). The SDR closed at S$5.61 on the SGX, 0.4 per cent higher than its SET closing price of 143.50 baht (S$5.59).

All are constituents of the benchmark SET50 Index. AOT has a weightage of 8 per cent of the SET50, while CP All and PTT E&P have a weightage of 5 per cent each.

SDRs, classified by SGX as excluded investment products, are suitable for investors who expect a low-to-moderate likelihood of loss on their principal investment amounts, with generally smaller potential returns. They trade on the SGX securities market during local trading hours in Singapore dollars.