Thai SDR Monthly: Mar 24 - Kasikornbank & PTTEP to extend gains
1 Apr 2024Summary of Performance in March & Outlook for April:
Heading into April, we are most upbeat on Kasikornbank and PTT Exploration & Production to extend their recent gains. Price consolidation is likely for CP All, while we are bearish on Advanced Info Service, Airports of Thailand, Delta Electronics and Gulf Energy Development.
Effective 1 April 2024, Advanced Info Service, Delta Electronics, Gulf Energy Development, Kasikornbank and The Siam Cement Public Co. Ltd have been listed as Singapore Depository Receipts on the SGX.
Singapore Depository Receipts (SDR) are instruments that represent the beneficial interest of an underlying security listed on an overseas exchange. An SDR is issued for trading on the securities market of the Singapore Exchange (SGX-ST) on an unsponsored basis by an intermediary, referred to as a SDR issuer, who does not have a formal agreement with the underlying company. Each SDR is represented by a specific number of securities listed on an overseas exchange, deposited with a custodian appointed by the SDR issuer in the relevant home market. The underlying securities are registered in the name of the custodian and held on behalf of the SDR issuer who in turn holds the beneficial interest in the underlying securities on trust for SDR holder.
Benefits of investing with SDR:
- Invest in overseas listed companies via SDRs through a single marketplace
- Local brokerage and fees applies. No additional overseas trading fees, foreign exchange fees, or management fees
- Trade, clear and settle during SGX-ST market hours in SGD
- SDR are custodised with CDP. For non-CDP linked accounts, it will be custodised with sub-accounts under Phillip Securities’s name
- Ability to convert between SDRs and underlying securities
About the author
Zane Aw
Technical Analyst
PSR
I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).
About the author
Zane Aw
Technical Analyst
PSR
I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).