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

Uma Devi

Published Tue, May 23, 2023 · 09:05 AM

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.

The SDR is an unsponsored depository receipt that gives its holders beneficial interest in an underlying security. Each SDR is convertible into the underlying security through an …