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SGX to launch depository receipts for Airports of Thailand, CP All, PTT E&P

Uma Devi

Uma Devi

Published Tue, May 23, 2023 · 09:05 AM
    • Thailand is a suitable pick for the SDRs because the country’s economy is “nothing like (Singapore’s)” in terms of the companies listed on the stock exchange, notes SGX’s head of equities and senior managing director Michael Syn.
    • Thailand is a suitable pick for the SDRs because the country’s economy is “nothing like (Singapore’s)” in terms of the companies listed on the stock exchange, notes SGX’s head of equities and senior managing director Michael Syn. PHOTO: BT FILE

    SINGAPORE investors will soon be able to buy direct exposure to three of Thailand’s largest listed companies, through newly launched Singapore depository receipts (SDRs).

    The Singapore Exchange (SGX) announced on Tuesday (May 23) that it will launch three SDRs under a Thailand-Singapore DR Linkage on May 30. The three Thai stocks are airport operator Airports of Thailand, food retailer CP All and energy play PTT Exploration & Production (PTT E&P).

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

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