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S’pore depository receipts of Thai firms may benefit amid boost in Thai tourism, say analysts
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The eight Singapore depository receipts have had a muted trading month in April.
PHOTO: ST FILE
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SINGAPORE - The eight Singapore depository receipts (SDRs) linked to Thailand’s blue-chip companies have not been doing as well as hoped, but analysts say things may change with positive signs on the economic front.
The Thai market is “at an inflection point after underperforming in 2023 and so far in 2024”, said Mr Thilan Wickramasinghe, head of research (Singapore) at Maybank Securities.
