It has been nearly a year since Singapore Exchange Limited (SGX: S68), or SGX, introduced Singapore Depository Receipts (SDRs) into the market.
SDRs are a tie-up between SGX and the Stock Exchange of Thailand (SET) to allow investors in both countries to invest in blue-chip stocks.
Local investors have access to three Thai-listed blue-chip stocks, namely Airports of Thailand (SGX: TATD), CP All (SGX: TCPD), and PTT Exploration & Production (SGX: TPED).
This initiative broadens the list of choices for investors and allows them to invest in sectors they may not have access to when it comes to Singapore-listed stocks.
The good news is that SGX has announced the listing of five new SDRs from 1 April 2024.
They are Advanced Info Services, Delta Electronics, Gulf Energy Development, Kasikornbank, and Siam Cement Group.
With these five new stocks, the eight Thai SDRs will now cover more than 40% of the SET50 benchmark index with each of the SDRs representing a different sector....