President’s Message
(Latest - 28th March 2024)

Dear SRS Members,

The Singapore Exchange will be launching the second tranche of Singapore Depository Receipts (SDRs) issued by Phillip Securities next week. 5 more Thai SDRs will be added under the Thailand-Singapore DR Linkage -- Advanced Info Service (stock code: TADD), Delta Electronics (TDED), Gulf Energy (TGED), Kasikorn Bank (TKKD) and Siam Cement (TSCD). 

This follows the successful launch of the inaugural batch of 3 SDRs last year.  Since introduction, the uptake of the SDRs has been growing with collective turnover rising to >S$300K and AUM tripling (as of Feb 2024), reflecting investor interest in these instruments. From 1 April, the 8 Thai SDRs available on SGX will provide exposure to all major sectors covering >40% of the SET50 Index and meet local investor demand for wider range of Thai blue-chips. 

The SDR will trade in Singapore dollars, in board lot of 100,  and are fungible with the underlying NVDR. The conversion will be facilitated by SDR Issuer, Phillip Securities and you may find more details on the conversion process here. Please refer to the table below for more information on the 5 upcoming SDR.


The reciprocal leg of the Thailand-Singapore DR Linkage commenced in Sep 2023 with the debut of a DR on Singapore Airlines (SIA) on the Stock Exchange of Thailand (SET). SET followed up on DRs on ST Engineering and Venture in Feb 2024. The SingTel DR is expected to be listed on 1 Apr 2024, bringing the total number of DRs with Singapore-underlying on SET to four. 

Separately, SET have announced the extension of their trading hours by 30 mins from 25 March. As such, we will have an addition 30 mins of overlapping trading hours for the afternoon session from 1430H to 1700H (previously 1500H to 1700H), from 1 Apr onwards.

https://media.set.or.th/rulebook/circular-letter/PorKor.(Wor)22024RevisionofTradingHours.pdf


Warmest regards,

S Nallakaruppan

President

The Society of Remisiers (Singapore)

Earlier President’s Messages
No Date Subject Matter Download
1 21 March 2024 SRS President's Message - 21st March 2024
2 21 February 2024 SRS 38th Annual General Meeting & Dinner - 21 February 2024
3 13 February 2024 The Edge Article on 13th Feb 2024 - Bring Back The Market's Glory Days by S Nallakaruppan
4 09 February 2024 President's Message - SRS Hong Bao FTSE STI Index Competition 2024 : Announcement of Winners
5 08 January 2024 SRS President's Message - New Year Greetings & SRS Hong Bao FTSE STI Index Competition 2024
6 21 December 2023 The President's Message for Webinar Session on Compliance Landscape & People Trends 2024 - 21 December 2023
7 08 November 2023 SRS President's Message - 8th November 2023
8 14 September 2023 SRS President's Message - 14th September 2023
9 14 August 2023 SRS President's Message - 14th August 2023
10 24 July 2023 SRS President's Message - 24th July 2023
No
1
Date
21 March 2024
Subject Matter
SRS President's Message - 21st March 2024
Download Download
No
2
Date
21 February 2024
Subject Matter
SRS 38th Annual General Meeting & Dinner - 21 February 2024
Download Download
No
3
Date
13 February 2024
Subject Matter
The Edge Article on 13th Feb 2024 - Bring Back The Market's Glory Days by S Nallakaruppan
Download Download
No
4
Date
09 February 2024
Subject Matter
President's Message - SRS Hong Bao FTSE STI Index Competition 2024 : Announcement of Winners
Download Download
No
5
Date
08 January 2024
Subject Matter
SRS President's Message - New Year Greetings & SRS Hong Bao FTSE STI Index Competition 2024
Download Download
No
6
Date
21 December 2023
Subject Matter
The President's Message for Webinar Session on Compliance Landscape & People Trends 2024 - 21 December 2023
Download Download
No
7
Date
08 November 2023
Subject Matter
SRS President's Message - 8th November 2023
Download Download
No
8
Date
14 September 2023
Subject Matter
SRS President's Message - 14th September 2023
Download Download
No
9
Date
14 August 2023
Subject Matter
SRS President's Message - 14th August 2023
Download Download
No
10
Date
24 July 2023
Subject Matter
SRS President's Message - 24th July 2023
Download Download