SET joins hands with KTB to launch DRx, starting Apple-Tesla shares, ready for trading on 29 September

Mr. Pakorn Pettawatchai Director and Manager The Stock Exchange of Thailand (SET) said The SET has an important strategic plan in developing new products. by trying to meet the investment needs of all investors in every dimension especially the opportunity for investors to access investments both domestically and internationally.

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Recently launched the Fractional Depositary Receipt, DRx for short, designed to meet the investing habits 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. In which investors will receive benefits as if investing in foreign securities directly But there is a special feature that investors can send orders without having to complete 1 DRx unit (starting at 0.0001 unit) or trading in baht.

In addition, DRx is open for trading during the business hours of the underlying securities in the international market. To enable investors to track the price movements of the underlying securities and adjust their investments in time, the two DRx that will be traded for the first time are the Apple, Inc.-based AAPL80X and the Tesla, Inc.-based listed TSLA80X. It is listed on the Nasdaq Stock Exchange, USA. Issued by Krung Thai Bank Public Company Limited, both of these DRx will start trading on September 29, 2022 from 20.00 to 04.00 the next day.

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on the sideMr. Phayong Srivanich, President Krung Thai Bank Public Company Limited or KTB revealed that The DRx issuance and offering is based on shares of the world’s leading companies, Apple Inc and Tesla Inc, listed on the NASDAQ stock exchange (NASDAQ). have high growth potential and is familiar to Thai investors By offering to investors through the Stock Exchange of Thailand at the same time, 2 securities are AAPL80X (Apple DRx) and TSLA80X (Tesla DRx).

However, the Bank focuses on sustainable business practices. Taking into account all groups of stakeholders Reinforcing its market leadership in creating ESG Financial Solutions that are ready to meet the Sustainable Development Goals (SDGs) by developing digital infrastructure to enhance the quality of life for all segments of customers. by bringing innovation to drive the country’s economy towards sustainability Meet the needs of customers for both savings and integrated investment reduce restrictions and Opportunity for Thai investors especially retail investors Can invest in leading foreign stocks conveniently and quickly through the Stock Exchange of Thailand

As the world’s leading technology company, Apple is continually leading the development of innovative products such as Mac, iPhone, Apple Watch and iPad. It has a strong customer base thanks to its ability to build its own ecosystem. The devices are easy to use and meet the needs of the new generation. therefore expanding new customer base continually and able to occupy customers’ hearts for a long time

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While Tesla is the dominant electric vehicle leader in the automotive industry. Currently, the world’s largest electric vehicle (EV) manufacturer has continually invested to increase efficiency and expand production capacity over the past few years in order to deliver vehicles to meet the growing market demand. soared It generates profit margins as high as 25.3% in 2021 and 27.2% in the first 6 months of 20 and aims to soar towards sustainability in a modern world.

For those interested in investing who do not have a brokerage account A DRx trading account can be opened with a brokerage company. For those who already have a securities trading account Simply access the “Streaming by Settrade” application, select “My Menu” and select “DRx” to request to open a DRx trading account.

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