[SINGAPORE] The Singapore Exchange (SGX) will be listing six new Singapore Depository Receipts (SDRs) on Monday (Jun 23), comprising three Hong Kong mega-caps and three Thai blue-chip companies.
The Hong Kong companies are Semiconductor Manufacturing International Corp, e-commerce giant JD.com and PetroChina, while the Thai names are private hospital operator Bangkok Dusit Medical Services, food conglomerate CP Foods and Gulf Development.
This takes the total SDR shelf to 21 securities on SGX, and covers about 50 per cent of the SET50 and Hang Seng Index by constituent weight.
According to SGX, there has been strong interest in SDRs from the market, with daily turnover hitting a record of S$5.4 million in May, up 11 times from the launch of Hong Kong SDRs in October 2024.
In particular, the total SDR assets under management (AUM) crossed S$100 million for the first time in May, growing 16 times since October last year. Notably, over 7,000 retail investors hold over 60 per cent of AUM.
From Jan to May this year, the top traded SDRs in 2025 year to date on SGX were led by Hong Kong SDRs of Chinese EV company BYD, achieving a S$1.1 million trading volume, and Alibaba reaching S$900,000. Thai SDRs on the other hand have seen wider participation from retail investors, as trading activity doubled since the second half of 2024.
SGX has grown its SDR shelf to cover 15 names with eight Hong Kong and seven Thai-listed blue chip stocks since the launch of SDRs in May 2023.
The value of SDRs lies in it how it offers investors versatility in portfolio construction through low minimum investment amounts of less than S$1,000. For Hong Kong SDRs in particular, the minimum investment size for the three new Hong Kong SDRs is under S$250 compared to S$4,000 for Hong Kong stocks.
As SDRs trade in Singapore dollars on SGX, this also simplifies access to overseas-listed companies for local investors by removing the complexities of cross border trading.
