Unlocking Thailand’s Wealth: Navigate SGX with Top Thai Stocks for Profits

Have you ever questioned how one can take a place in among the Top Thailand firms listed on the SET, with out the effort and extra price of shopping for the shares straight there?

Since finish of May 2023, it’s now doable.

We can take a place in among the Top Thailand firms like some other shares listed on the Singapore Exchange.

We should purchase what known as Singapore Depository Receipts, briefly, SDRs.

SDRs are devices representing helpful curiosity in an underlying safety listed on an abroad change and are issued for buying and selling on the securities market of the Singapore Exchange by an middleman, SDR Issuer, on an unsponsored foundation.

It will allow SGX traders to increase funding horizons to abroad listed firms in a easy and cost-efficient method.

So, with the launch of Thai Underlying SDR as at finish May 2023, merchants and traders in Singapore can now spend money on such Thai firms similar to any Singapore shares listed on the SGX with the identical settlement procedures and SGD traded forex.

There are 3 blue chips Thai underlying SDRs at present which is what I will likely be speaking about on this article and how one can doubtlessly revenue from.

I will likely be analyzing the charts of those 3 underlying Thailand shares earlier than sharing how one can take a place on the SDRs listed on the SGX and the potential goal worth based mostly on present worth ranges.

The 3 underlying Thai shares listed within the SET and their codes are:

Underlying Thai shares on SET

Thai SDR on SGX

Airports of Thailand

AOT.BK

TATD

PTT Exploration & Production

PTTEP.BK

TPED

CP All

CPALL.BK

TCPD

1) Airports of Thailand (AOT.BK) manages and operates airports in Thailand and is a prime Blue chip on SET with the best weightage of 8% as Thailand is targeted on Tourism.

After the promoting seen in Nov 2023 after we broke the 66 (S$2.50) help degree, we have now lastly discovered help at 58 (S$2.20) over the previous month. Here was the place we rebounded from at first of 2022 and looks like consumers have returned right here once more.

The short-term pattern has additionally began to level up over the previous week as seen from the 20-day transferring common reversing. With costs pushing away from this 58 (S$2.20) help, this is usually a bullish transfer because the short-term pattern has been pointing down fairly firmly since Sept final 12 months.

The upside goal might be in the direction of 66 (S$2.50) the place some revenue taking can occur once more. This resistance which was initially the help we broke down in Nov 2023 could be key for the reversal to proceed in the direction of 76 (S$2.90).

So how does one take a place in Airport of Thailand from the SDR listed on the SGX?

Well, you may take a place on this SDR, which is called AIRPORTS OF TH TH SDR (TATD)at present priced at S$2.42.

As talked about, this SDR is sort of a regular Singapore inventory the place its traded forex is in SGD and settlement procedures the identical.

If it does dip again to close its help once more at 58 (S$2.20), an entry might be taken for a possible upside of about 13% if we rebound again to ranges just like the 66 (S$2.50).

2) PTT Exploration & Production (PTTEP.BK) is a number one oil and gasoline exploration and manufacturing firm in Thailand and is a prime Blue chip on SET with the highest 10 weightage.

Unlocking Thailand's Wealth: Navigate SGX with Top Thai Stocks for Profits

PTTEP.BK at present buying and selling at 151.50 (S$5.75) is making an attempt to interrupt the essential 150 (S$5.70) resistance that it has traded under for greater than 2 weeks now.

We have began to see the 20-day transferring common line flatten in and out the midst of reversing again up. This is usually a bullish play if costs had been to carry above 150 (S$5.70) now with the short-term pattern turning up in addition to seen from 20 day transferring common.

Upside goal might be revised to 160 (S$6.08) then 180 (S$6.85) if this occurs which was the latest excessive final 12 months.

One can contemplate entry if costs had been to carry above ₹150 (S$5.70) over the subsequent few days to get extra affirmation.

Can additionally contemplate having a cease loss degree at round 145 (S$5.50) to get out in case we fail to carry above 150 (S$5.70) to cap any losses to a minimal.

So how does one take a place in PTT Exploration & Production from the SDR listed on the SGX?

Well, you may take a place on this SDR, which is called PTTEP TH SDR (TPED)at present priced at S$5.62.

For an entry close to 150 (S$5.70) to experience to 180 (S$6.85), we’re taking a look at an 18% potential upside as per targets.

3) CP ALL (CPALL.BK) Operates the 7-Eleven comfort retailer chain in Thailand and has essentially the most in depth comfort retailer community within the nation.

Unlocking Thailand's Wealth: Navigate SGX with Top Thai Stocks for Profits

CPALL.BK has discovered help at 50 (S$1.90) over the previous month and has staged a rebound from this key psychological degree.

The short-term pattern as seen from the 20-day transferring common line has began to slope upward lastly after 3 months of pointing down.

This can result in a short-term reversal again to 60 (S$2.28) which was the help damaged down in Oct final 12 months earlier than additional promoting.

Over the previous week, it looks like the next help has come out at 55 (S$2.10). One can contemplate timing entry close to this greater help for a commerce again to 60 (S$2.28) or maybe watch for a greater entry close to 50 (S$1.90) once more if it dips.

So how does one take a place in CP ALL from the SDR listed on the SGX?

Well, you may take a place on this SDR, which is called CP ALL TH SDR(TCPD) Currently priced at S$2.13.

For an entry close to the 50 (S$1.90) help, we’re taking a look at a 19% potential upside as per targets to S$2.28.

Footnote: Currency conversion used from THB to SGD is 0.038.

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