Summary of Performance in January & Outlook:
As we enter February, we are likely to see Airports of Thailand Public Co. and CP All Public Co. Ltd trade higher with increasing momentum building up in these 2 counters. PTT Exploration & Production Public Co. Ltd’s price action is likely to remain flattish in February.
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: