# SET joins hands with SGX Group to move forward the Thailand-Singapore DR Linkage project

- Link: https://www.thailand-business-news.com/asean/114482-set-joins-hands-with-sgx-group-to-move-forward-the-thailand-singapore-dr-linkage-project
- Published: 2023-11-28T12:17:56+07:00
- Author: SET News

**Thailand-Singapore DR Linkage strengthens investment links, allowing access to
securities of both countries. 18 DRs are currently listed on SET.**

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## Thailand-Singapore DR Linkage Strengthens Investment Opportunities

The Stock Exchange of Thailand (SET) and Singapore Exchange Limited (SGX Group) 
have expanded investment links through the Thailand-Singapore DR Linkage. This allows
investors to access securities of both countries via depositary receipt (DR), marking
the first exchange-level DR cooperation in ASEAN. Thai investors can now access 
Singapore securities directly via the Thai stock exchange in local currency, while
SGX-listed underlying DRs are now traded on SET. The collaboration reflects a commitment
to enhancing synergies between the two markets, with plans to introduce more DRs
on Singaporean securities.

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## ASEAN’s First Exchange-Level DR Cooperation Leading to Market Growth

The collaboration between SET and SGX Group has introduced three DRs on Thai securities
and one on Singapore Airlines Ltd. on both exchanges, with more in the pipeline.
Currently, SET has 18 DRs with underlying securities listed on various exchanges,
with a total market capitalization of THB 17 billion. This represents a 28 percent
increase from the previous year, highlighting the growth and potential of the Thailand-
Singapore DR Linkage. Investors can find more information on DR products at www.
set.or.th.