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COMMENTARY

Why Singapore depository receipts are quite different from Clob

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    • Investors queueing at DBS Securities following Clob's closure, which left many retail investors stuck with worthless paper. The launch of SDRs promises to be a better experience.
    • Investors queueing at DBS Securities following Clob's closure, which left many retail investors stuck with worthless paper. The launch of SDRs promises to be a better experience. PHOTO: BT FILE

    David Gerald

    Published Wed, May 24, 2023 · 06:43 PM

    ALMOST 25 years after Malaysian shares abruptly ceased trading on Singapore’s over-the-counter (OTC) Clob International market, the local stock exchange is launching a new initiative that will give Singapore investors exposure to another South-east Asian market: Thailand.

    Starting May 30, Singapore depository receipts (SDRs) will be available for three Thai companies: airport operator Airports of Thailand, food retailer CP All, and energy play PTT Exploration & Production.

    As with Clob, the intention of the SDRs is to broaden the scope of investments available in the Singapore market to include overseas-listed companies. But that is where the similarity ends.

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