SET to list 28 foreign depositary receipts
The Stock Exchange of Thailand (SET) said on Tuesday it would list 28 new depositary ‌receipts linked to stocks and exchange-treded funds ETFs from Asia, the US and Europe, as it races to match Asian rivals in giving local investors easier access to global blue chips.
The Stock Exchange of Thailand (SET) announced on Tuesday plans to list 28 new depositary receipts, offering investors global exposure to companies from Asia, the US and Europe. The move aims to compete with Asian rivals by providing local investors with easier access to prominent blue-chip stocks.
The new series of depositary receipts spans various future-oriented industry sectors, such as semiconductors, electronics, artificial intelligence, clean energy, infrastructure and aerospace. Issued by the state-controlled lender Krung Thai Bank, trading in these instruments will commence on Wednesday.
Among the Asia-based companies to be introduced are Advanced Micro-Fabrication Equipment Inc, a Chinese chip-equipment maker, and Hua Hong Grace Semiconductor. The lineup also features Nasdaq and NYSE heavyweights Dell, Intel and Palantir, as well as European aerospace giant Airbus.
The SET's decision to list depositary receipts aligns with a broader trend observed among regional exchanges seeking to attract more foreign and "new economy" companies. In July, the Singapore Exchange announced it would introduce depositary receipts for SpaceX, the ride-hailing firm Grab and the tech conglomerate behind Shopee.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
