Mr. Pakorn Pettawatchai Director and Manager of the Stock Exchange of Thailand He said the SET has launched the Fractional Deposit Receipt, or DRx for short, which is designed to satisfy the investment behavior of young investors. who want access to world leading stocks with small investments
DRx is a type of foreign stock option or DR (Depositary Receipt) that is traded on the SET. Where investors will receive benefits as if they were investing in foreign securities directly But there is a unique feature that investors can place orders without having to complete 1 unit starting at 0.0001 unit. DRx also opens for trading during business hours of the underlying securities in the international market. Enable investors to monitor the price movements of the underlying securities and adjust their investments in a timely manner
The two DRx that will be traded in the first place are the AAPL80X from Apple Inc. and TSLA80X Tesla, Inc., listed on the US Nasdaq Stock Exchange. Published by Krung Thai Bank Public Company Limited
Phayong Srivanich, President of Krung Thai Bank Limited Public Company He said that the issuance and offering of DRx to meet the needs of customers for savings and complete investment Reduce restrictions and give opportunities to Thai investors especially retail investors to be able to invest in leading foreign stocks conveniently and quickly through the Stock Exchange of Thailand
The reason for starting from choosing the base stock is Apple Inc. (APPLE) because it is the leading technology company in the world. Taking the lead in product development With new developments constantly coming to market, such as Mac, iPhone, Apple Watch and iPad have a strong customer base from their ability to build their own ecosystem.
whileTesla, Inc. (Tesla) is a prominent electric vehicle leader in the automotive industry. It is currently the largest electric vehicle (EV) manufacturer in the world. There has been continuous investment to increase efficiency and expand production capacity over the past few years.
Ms. Rinjai Chakonpipat, Deputy Manager, Head of Marketing, Stock Exchange of Thailand He said that from a survey of investors research groups, it was found that not only the new generation of investors who are young But investors from all groups of all ages need to diversify investment Go in stocks or large global companies that are more foreign. to find opportunities for returns on investment and can invest using a small amount of money By starting to invest with only 500 baht or 1,000 baht, you can buy shares. because they can send orders in baht or as a subunit Most importantly, it must be able to invest easily and conveniently. There is an investment platform that is easy and convenient, which makes the stock market try to study and develop new products as an alternative. and respond to the needs of Thai investors
Therefore, the highlight of DRx, apart from the lower investment cost, DRx also allows investors to trade simultaneously with the underlying international stocks. As in the case of Apple’s underlying AAPL80X and TSLA80X underlying Tesla shares will be available for trading between 20.00. -04.00 am
In addition, interested parties can also invest easily and conveniently. Through the “Streaming from Settrade” application from investors who do not have a trading account. A DRx trading account can be opened with a brokerage firm. For those who already have a securities trading account Access the “Streaming by Settrade” application, select “My Menu” and select “DRx” to request the opening of a DRx trading account as well.
Investors can learn more about DRx at www.setinvestnow.com/drx Or study information on AAPL80X and TSLA80X from the prospectus and terms of rights on the SEC website www.sec.or.th. or securities issuer Krung Thai Bank Public Company Limited www.krungthai.com call 02-111-1111
