Thailand is an emerging country that is listed as being newly industrialized. The industry is relative well diversified covering agriculture processing, jewellery, computers and parts, automotive and automotive parts. It is also the world’s second largest tungsten producer, and third largest tin producer (according to The World Factbook). It is the 2nd largest economy in Southeast Asia, after Indonesia, a position it has held for many years.

• An emerging country.
• Relative well diversified economy
• 2nd largest economy in Southeast Asia, after Indonesia   

The Stock Exchange of Thailand (SET) has recently issued a supervisory measure to curb speculation in stocks that has high turnover (known as stocks under “Turnover List” that will be announced weekly by the SET). Click here for more details.

The trading restriction will take effect from 1st July 2008 onwards. We will display the Turnover List once its available. Alternatively, you may view the list of restricted stocks under the Turnover List at SEC website.

If you wish to buy stock in the Turnover List, please note that you are required to pay cash upfront to OCBC Securities Pte Ltd in full amount*. Once we have received your fund and made arrangement with our broker at Thailand, you may then proceed to place buy order for stock in the Turnover List. Any order placed online without any cash upfront will be rejected by our Company.

*Additional information:
You may use the previous closing price to estimate the amount of fund that you require to place upfront with our Company. In the event that there is shortfall of fund, you will not be able to execute any trade. To avoid any delay in your order execution, you may wish to place excess fund with us, any balances will be refunded to your account after the trade is executed and fully settled. 

What is NVDR (Non-Voting Depository Receipt)?

An NVDR, or Non-Voting depository Receipt, is a trading instrument issued by Thai NVDR. It is a valid security as specified by SEC and is automatically regarded as a listed security by SET.

Click here for more details

Can I trade “Local” or “Foreign” shares in Thailand Market?

iOCBC only provides trading of "Foreign" and "NVDR" tranches of stock listed in Stock Exchange of Thailand (SET).

When you place an order on the "Local" tranch of a listed stock in SET, you are deemed to have placed the order on the "NVDR" of that counter.

What are the differences for foreign investors who hold foreign shares or NVDR?

Foreigners (ie non-Thai resident) who hold foreign shares will be eligible for dividends, right issues & warrants and voting right. In the case that they hold NVDR, they will be entitled to receive dividends, right issue & warrants only. Voting Right is not applicable for NVDR holders.

Foreign investors who long for voting rights are advised to hold "foreign" shares only.

How do I check the price for “NVDR” on the SET?

There is no price quotation for NVDR on the SET. When you place an order on the "Local" tranch of a listed stock in SET, you are deemed to have placed the order on the "NVDR" of that counter.

DISCLAIMER

Trading in securities can be very risky, and the customer may lose all or more than the amount invested or deposited. This is particularly so when the customer needs to i) make his or her own trading decisions and ii) ensure each trade is specifically suitable for him or her – the only basis for any trading through or with OCBC Securities Private Limited (“OSPL”).  The information provided herein is intended for general circulation/discussion purposes only and may not be published or circulated (in whole/in part) without our written consent. It does not take into account the specific investment objectives, financial situation or particular needs (collectively “Objectives”) of any particular person. Please seek advice from an independent financial adviser regarding the suitability of any trade or investment product taking into account your Objectives before making a commitment to trade or purchase the investment product. If you choose not to seek independent financial advice, please consider whether the trade or product in question is suitable for you. This does not constitute an offer/solicitation to buy/sell/subscribe for any investment products or to participate in any particular trading or investment strategy. Any proposed transaction is subject to the final expression of the terms in the definitive agreement/confirmation. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OSPL and it should not be relied upon as such. OSPL does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OSPL shall not be responsible or liable for any loss or damage whatsoever arising directly/indirectly howsoever in connection with or as a result of any person acting on any information provided herein.