New Depositary Receipts (DRs) Begin Trading on Stock Exchange of Thailand

Strategic Insights -

The Stock Exchange of Thailand has accepted the registration of three new Depositary Receipts, "BABA23", "CATL23", and "HSHD23", which will begin trading on June 24. These DRs are referenced to Hong Kong stocks and ETFs issued by InnovestX Securities Co., Ltd. The new DRs offer investors the opportunity to gain exposure to top-performing international companies, including Alibaba Group Holding Limited, a leading e-commerce company in China, and Contemporary Amperex Technology Co., Limited, a global manufacturer of electric vehicle batteries.

Key Takeaways:

  • The Stock Exchange of Thailand has approved the registration of three new DRs, "BABA23", "CATL23", and "HSHD23", which will be listed on June 24.
  • These DRs are referenced to Hong Kong stocks and ETFs issued by InnovestX Securities Co., Ltd.
  • "BABA23" is the DR for Alibaba Group Holding Limited, a leading company in China's e-commerce market and a key player in the Cloud and AI business.
  • "CATL23" is the DR for Contemporary Amperex Technology Co., Limited, a global leader in the manufacture of electric vehicle batteries with cutting-edge technologies.
  • "HSHD23" is the DR for the Global X Hang Seng High Dividend Yield ETF, which focuses on 50 top-performing stocks in the Hang Seng High Dividend Yield Index.
  • The DRs will offer investors the opportunity to invest in high-growth international companies through a Thai baht-denominated trading account.

Statistics:

  • Three new DRs, "BABA23", "CATL23", and "HSHD23", will be listed on the Stock Exchange of Thailand on June 24.
  • These DRs reference Hong Kong stocks and ETFs issued by InnovestX Securities Co., Ltd. and offer investors exposure to Alibaba Group Holding Limited, Contemporary Amperex Technology Co., Limited, and the Global X Hang Seng High Dividend Yield ETF.
  • The Hang Seng High Dividend Yield Index is composed of 50 top-performing stocks on the Hong Kong Stock Exchange.

Sources:

  • Thai News Agency (Exchange of Thailand)
  • InnovestX Securities Co., Ltd.