The Stock Exchange of Thailand (SET) and Singapore Exchange (SGX Group) have made a significant stride on the first collaboration under the Thailand-Singapore DR Linkage project, allowing investors to access listed securities of both bourses via depositary receipt (DR) trading at their home markets. The first three DRs with Thai listed securities as underlying assets, namely Airports of Thailand (AOT), CP All (CPALL), and PTT Exploration and Production (PTTEP) were launched today on SGX. The collaboration is considered an enhancement of the potential and attractiveness of Thai listed companies in the regional market by connecting foreign investment to Thai stocks.
SET President Pakorn Peetathawatchai said that SET and SGX Group have entered into a memorandum of understanding (MoU) under the “Thailand-Singapore DR Linkage” project, connecting the trading of DRs between Thailand and Singapore so as to expand investment opportunities and make it convenient for investors to access listed securities from one market directly to the other in local currency, in line with SET’s strategic plan.
“The Thai capital market has numerous listed companies with high potential that are on the radar of foreign investors. The DRs on three Thai listed underlying securities consist of AOT, CPALL, and PTTEP. These corporates are in businesses with competitive capabilities and a significant contribution to gross domestic product growth. The DR launch marks a significant milestone for the cross-border product linkage…
