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)

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No Date Subject Matter Download
21 17 November 2022 SRS President's Message - Christmas Dinner on 16th December 2022 (Friday)
22 22 September 2022 SRS President's Message SRS - NTUC e2i Job Opportunities Webinar - 21st Sep 2022
23 21 September 2022 SRS President's Message - Job Opportunities Webinar by NTUC e2i today (21st Sep 2022, 5.45 p.m.)
24 16 September 2022 SRS President's Message - Job Opportunities Webinar by NTUC e2i on 21st September 2022
25 07 September 2022 SRS President's Message - Job Opportunities Zoom Webinar by e2i on 21st September 2022
26 23 August 2022 SRS President's Message - Webinar by e2i : Job Opportunities in the Non-financial Sector
27 26 July 2022 SRS President's Message - National Day Dinner & Business Times Article Today
28 12 July 2022 SRS Durian Trip on 10th July 2022 (Sunday)
29 29 June 2022 Update of Durian Trip & SRS Investment Talk Series Today at 5.30 p.m.
30 16 June 2022 SRS Investment Talk Series - 3rd Edition - Sembcorp Marine Ltd
No
21
Date
17 November 2022
Subject Matter
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22
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22 September 2022
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23
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21 September 2022
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SRS President's Message - Job Opportunities Webinar by NTUC e2i today (21st Sep 2022, 5.45 p.m.)
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24
Date
16 September 2022
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SRS President's Message - Job Opportunities Webinar by NTUC e2i on 21st September 2022
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25
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07 September 2022
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SRS President's Message - Job Opportunities Zoom Webinar by e2i on 21st September 2022
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26
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23 August 2022
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SRS President's Message - Webinar by e2i : Job Opportunities in the Non-financial Sector
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27
Date
26 July 2022
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SRS President's Message - National Day Dinner & Business Times Article Today
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28
Date
12 July 2022
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SRS Durian Trip on 10th July 2022 (Sunday)
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No
29
Date
29 June 2022
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Update of Durian Trip & SRS Investment Talk Series Today at 5.30 p.m.
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No
30
Date
16 June 2022
Subject Matter
SRS Investment Talk Series - 3rd Edition - Sembcorp Marine Ltd
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