SET accepts SINGTEL80, starts trading on the first day, bustling sales
SET accepts “SINGTEL80” DR that refers to shares of Singapore Telecommunications Limited, a major telecommunications infrastructure provider in Singapore. with more than 770 million users from 21 countries around the world. Trading begins April 1, 67.
Mr. Pakorn Peetathawatchai, Director and President of the Stock Exchange of Thailand (SET), stated that the opening ceremony for trading “SINGTEL80,” a Depositary Receipt (DR) referencing shares of Singapore Telecommunications Limited, a major telecommunications infrastructure provider in Singapore, issued by Krung Thai Bank, commenced trading on the Stock Exchange of Thailand on April 1st.
DR “SINGTEL80” refers to the ordinary shares of Singapore Telecommunications Limited, a major telecommunications infrastructure provider in Singapore and across ASEAN countries, which also operates digital infrastructure businesses providing 5G networks and data centers.
The DR “SINGTEL80” will begin trading on the Stock Exchange of Thailand from today onwards. This DR is part of the “Thailand-Singapore DR Linkage” project between the Stock Exchanges of Thailand and Singapore.
Foreign Securities Deposits (DR) are an alternative way to invest in foreign securities through the Thai stock exchange. which has received increasing interest continuously
At present, DR has a total market capitalization of over 2 billion baht, an increase from the end of the previous year. which is at a level of approximately 1 billion baht or an increase of more than 6%
As for the average daily trading value of DR, it is currently approximately 170 million baht, an increase from 130 million baht a year ago, or an increase of more than 30%.
Currently, there are a total of 23 registered DR securities, which refer to both individual stocks and ETFs in Asia, Europe and the Americas. Today marks another important step for the stock exchange. to welcome SINGTEL80, the 24th DR based on SINGAPORE TELECOMMUNICATIONS LIMITED shares, the largest telecommunications infrastructure provider in Singapore. Issued by Krung Thai Bank
and is under a collaborative project Thailand-Singapore DR Linkage and as soon as “SINGTEL80” trading opened in the morning, the price per share rose to stand at 7 baht, increasing by 0.86 %.
However, DRs are instruments that offer investors the opportunity to receive benefits similar to holding foreign securities. Investors can trade them through their securities trading accounts using Thai baht. Those interested in learning more about DR “SINGTEL80” can visit the SEC website at www.sec.or.th or the issuer, Krung Thai Bank Public Company Limited, at www.krungthai.com , or learn more about DR products at www.setinvestnow.com/th/dr.
Mr. Tortrakul Satyaprasert, Head of Structuring and Products Development at Krungthai Bank Public Company Limited, stated that the new Depositary Receipt (DR) of Singapore Telecommunications Limited (SINGTEL80) began trading on the Stock Exchange of Thailand today, providing Thai investors with an alternative investment option in high-potential Singaporean stocks.
The recent IPO has received great interest from investors. Singtel is a stock with good fundamentals that has interesting investment highlights. It has a large market cap, being in the top 5 of the Singapore Stock Exchange. The company is the largest integrated telecommunications operator in Singapore and a leader in communications technology in ASEAN region
Krung Thai Bank is currently the largest issuer of DR and DRx products in the market. Currently, there are a total of 17 securities. This year, it is expected that at least 10 more securities will be issued, focusing on stocks that are popular with investors.
SINGTEL has diversified its income through investments in various countries in Asia. One of them includes AIS, which is the leader in telecommunications in Thailand.
In addition, SINGTEL has increased its capabilities through investments in various businesses, such as wireless telephone network business. Cloud business, IOTs business, and television services (Singtel TV) and most importantly, SINGTEL's business base will also benefit from the future megatrend that is growing. For example, ICT Services, Digital Marketing, and Digital Economy by SINGTEL can expand The business has long-term potential in the future.
SINGTEL80 securities will add quality overseas investment options for investors. Help strengthen the investment environment in the Thai stock market and hope that DR will be a tool that helps all Thai investors to diversify their investments abroad easily, conveniently, and efficiently.
SINGTEL has a market capitalization of over 1.04 trillion baht (as of February 29, 67) and has strategic plans to invest in mobile network operators across Asia, Australia, and Africa, collectively holding more than 770 million customers in 21 countries.
SINGTEL also invests in companies that follow the Mega Trend and invests in markets that have good economic and population expansion trends. There is a lot of demand for internet network services. which is a factor supporting the telecommunications business very well
Maybank Securities (Thailand) Public Company Limited, as the sole lead underwriter and bookrunner for Singtel DR (SINGTEL80), revealed that the IPO subscription period, held from March 25-27, 2567, attracted significant investor interest.
This reflects the increasing trend of investment through foreign securities rights instruments and Krung Thai Bank would like to thank investors for their interest in Singtel DR, making the recent Singtel DR IPO subscription very successful.
Singtel DR stock code SINGTEL80 Open for simultaneous trading on April 1, 2567 onwards between 10.00:16.30 a.m. - XNUMX:XNUMX p.m. on the trading board of the Stock Exchange of Thailand.
For those interested, you can use your existing stock trading account. Search for the security code and trade on the board like general stocks. Every DR issued by Krung Thai Bank will have Krung Thai Bank act as a market maker after being listed on the stock exchange.
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