The Business Times
business-time-50
COMMENTARY
·
SUBSCRIBERS

Why Singapore depository receipts are quite different from Clob

google-preferred-sourceAdd BT as a preferred source
    • 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.

    SGXSIASSpotlight

    TRENDING NOW

    Indonesia's Finance Minister Purbaya Yudhi Sadewa says figures in the reported export data are roughly 50% lower than the actual numbers.

    Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    The CSRC is leading the effort, along with the National Financial Regulatory Administration, which handles consumer protection and supervises banks.

    Why China is tightening controls on overseas stock trading

    The latest ruling comes after the claimant submitted an appeal against the South Jakarta District Court's Feb 9 decision that declared his lawsuit "inadmissible".

    Indonesian court upholds earlier dismissal of 2.28 trillion rupiah claim on Keppel unit’s land

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More