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Thailand Stock Exchange to List 28 New Depositary Receipts on Global Equities
The Stock Exchange of Thailand (SET) announced on Tuesday that it will list 28 new depositary receipts (DRs), expanding local investors' access to a diverse portfolio of international stocks and exchange-traded funds. Trading in the new instruments, issued by the state-controlled Krung Thai Bank, is scheduled to commence on Wednesday, according to the exchange.
Offerings Span Global Tech and Industrial Leaders
The new DRs provide exposure to prominent companies across Asia, the United States, and Europe, with a focus on high-growth sectors. The SET highlighted that the underlying assets represent industries including semiconductors, electronics, artificial intelligence, clean energy, infrastructure, and aerospace.
Notable international firms included in the offering are:
- U.S. Technology: Dell (NYSE:DELL), Intel (NASDAQ:INTC), and Palantir (NYSE:PLTR)
- European Aerospace: Airbus (EPA:AIR)
- Asian Semiconductors: Advanced Micro-Fabrication Equipment Inc (SS:688012) and Hua Hong Grace Semiconductor (SS:688347) from China
AdStrategic Move to Enhance Market Competitiveness
This initiative is part of a broader strategy by the Stock Exchange of Thailand to attract new economy and foreign companies by revising its listing criteria. By offering DRs, the SET allows domestic investors to more easily invest in foreign-listed securities without needing to trade directly on overseas markets.
The move also reflects a growing trend among regional exchanges to internationalize their product offerings. In July, the Singapore Exchange announced a similar plan to introduce depositary receipts for companies including SpaceX, Grab, and Sea, signaling increased competition to become a hub for global equity trading in Southeast Asia.
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