BANGKOK -- The Stock Exchange of Thailand (SET) is looking to double the number of local stocks directly traded on the Singapore Exchange (SGX) after the first four depositary receipts, with Singtel expected to be offered on the Thai bourse by year's end.
The collaboration yielded the first exchange-level depositary receipts in Southeast Asia, allowing Singapore investors to access Thai securities on their local exchange using local currency. Depositary receipts for three blue-chip Thai stocks -- Airports of Thailand, state-owned oil and gas exploration company PTTEP and 7/11 operator CP All -- were launched on SGX in May, followed by Singapore Airlines on SET in September.
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