8 Thai Blue Chip Stocks You Can Buy on the SGX

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8 Thai Blue Chip Stocks You Can Buy on the SGX

The Smart Investor05-11

[ Share Facebook Twitter LinkedIn Email WhatsApp Once heralded as a beacon of emerging market growth, the Thai stock market recently witnessed a steep decline, dragged down by a weak ...

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SDRs are traded in Singapore Dollars, thereby preventing the need for Singaporeans to exchange currency. \n2.  Convenience and Accessibility – Grants Singaporeans the ability to invest in foreign markets directly, without incurring additional fees. \nThe 8 SDRs that you can invest in\nHere is a summary of the eight SDRs that are available for you to invest in on the Singapore Stock Exchange.\nAdvanced Info Service (SGX: TADD) is Thailand’s largest telecommunication operator, with a market cap of S$22.6 billion, serving over 40 million individuals countrywide. \nThe telecom giant saw a 25% surge in profit over the last quarter despite a sluggish economy. \nAirports of Thailand (SGX: TATD) manages airports and provides services related to air transportation, serving both domestic and international flights. \nAs the Land of Smiles continues to count the tourism sector as a key driver of the economy, airports will also experience healthy growth. \nCP All (SGX: TCPD) is the sole operator of all 7-Eleven convenience stores nationwide, which amounted to 14,545 outlets, according to Statista. \nDelta Electronics (SGX: TDED) is the Thai arm of Taiwanese electronic components maker Delta Group. \nWith a market cap of S$31.6 billion, Delta Electronics seeks to maintain its foothold as it expands its innovative product offerings in key sectors such as electric vehicle chargers, industrial automation, and data centre infrastructure. \nGulf Energy Development (SGX: TGED) is in the business of electricity generation. \nThe energy firm is ramping up its renewable sector as domestic and international markets transit into green energy.\nKasikorn Bank (SGX: TKKD), winner of Thailand’s best domestic bank in 2023, is one of the most treasured banks in the nation. \nThe lender’s performance is expected to recover strongly due to lower credit costs and increased margins this year, making Kasikorn an attractive investment. \nPTT Exploration and Production (SGX: TPED) is the country’s largest company with a market capitalisation of S$35.4 billion. \nIt is an upstream and downstream petrochemical company involved in petroleum exploration and extraction globally. \nFurthermore, its flagship petrol station, “PTT Station” has an extensive outreach across Southeast Asia, with branches in countries such as Cambodia and the Philippines. \nSiam Cement Group (SGX: TSCD) manufactures and sells a variety of products ranging from construction materials to chemicals and packaging units. It is Thailand’s largest industrial conglomerate. \nGet Smart: Diversifying prudently\nInvesting in different countries’ stock markets offers a range of benefits.Firstly, international diversification reduces geographical risk, offsetting losses in one market with another.Secondly, investing abroad provides access to emerging economies such as Thailand, offering potentially higher returns compared with mature economies.\nLooking for the latest insights to drive portfolio growth? Our upcoming webinar will show you how. We’re diving deep into 7 of the biggest U.S. tech stocks to reveal how they’re transforming the investing landscape. What they’re doing could prepare your portfolio for explosive returns. Click here to secure a FREE spot in our webinar.\nBoost your portfolio’s returns with 5 SGX stocks that promise both stability and steady growth. We bring you the names of these rock-solid stocks, including why they could drive massive dividends over the next few years. If you’re looking to invest for retirement, this guide is a must-read. Click HERE to download now.\nFollow us on Facebook and Telegram for the latest investing news and analyses!\nDisclosure: Aw Kai Rui does not own any of the stocks mentioned in this article. \n\n\n\nYahoo\n]","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}