Bangkok: The Stock Exchange of Thailand (SET) has accepted the registration of three new Depositary Receipts (DRs) - 'BABA23,' 'CATL23,' and 'HSHD23' - which reference Hong Kong stocks and Exchange-Traded Funds (ETFs). These DRs, issued by InnovestX Securities Co., Ltd., are set to commence trading on June 24th.
According to Thai News Agency, 'BABA23' represents the stock of Alibaba Group Holding Limited, a prominent player in China's e-commerce market, renowned for its Cloud and AI business across Asia. Meanwhile, 'CATL23' is linked to Contemporary Amperex Technology Co., Limited, a globally recognized manufacturer of electric vehicle (EV) batteries, noted for its innovations and technological advancements.
Furthermore, 'HSHD23' is associated with the Global X Hang Seng High Dividend Yield ETF. This ETF invests in the Hang Seng High Dividend Yield Index, comprising 50 stocks on the Hong Kong Stock Exchange that offer the highest dividend yield. The index is characterized by its low volatility, thorough stock screening process, and emphasis on stability and sustainable returns.
Depositary Receipts (DRs) provide investors with similar benefits to owning foreign securities, allowing them to buy and sell through a securities trading account in Thai baht.