The Singapore Exchange (SGX) will launch depository receipts based on three Thai blue chip firms this week.
The Singapore depository receipts are the first under the Thailand-Singapore Depository Receipts Linkage, formed by the SGX and the Stock Exchange of Thailand in September 2021.
SDRs representing shares of the three companies – Airports of Thailand PCL, CP All PCL, the sole operator of 7-Eleven stores in Thailand, and national oil and gas explorer PTT Exploration and Production PCL – will be listed on the SGX on May 30. They are issued by Philip Securities.
The SDR link is the first exchange-level depository receipts cooperation in Southeast Asia, and demonstrates “an important step forward in enhancing regional connectivity”, the SGX says.
“This collaboration leverages the strengths of two well-established exchanges to promote more joint investment and business opportunities for both exchanges and their market participants,” the bourse says in a statement on May 25.
According to SGX Chief Executive Officer Loh Boon Chye, Southeast Asia is “increasingly emerging as an investment thematic among investors”.
“With greater connectivity between Singapore and Thailand, investors can now widen their investment horizons and participate in the growth potential of Southeast Asia. I am optimistic the SDR will spur increased participation across borders and create more vibrancy in our capital markets,” he says.
