Thai SDR Monthly: Jan 24 – Anticipating a rebound in February February 5, 2024 109

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:

 

  • 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
  • Announcements on Corporate Actions events relating to SDRs will be published on the SDR issuer’s website

 

 

 

 

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About the author

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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).

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