Investing in Thailand ADRs / Thai Stocks List

Secured logistics, Robotics as a Service (RaaS) and cybersecurity firm Guardforce AI Co (NASDAQ: GFAI) is the only Thailand based or headquartered stock trading on a major US stock exchange. The company has operations in other East Asia or Southeast Asian markets.

There are also a number of important Thai stocks or companies with ADRs trading on the OTC market. These include agro-industrial and food conglomerate Charoen Pokphand Foods PCL (OTCMRKTS: CPPBY & CPPBY), hospitality and restaurant giant Minor International PCL (OTCMRKTS: MNILY), cash and carry chain Siam Makro PCL (OTCMRKTS: SMKUY), as well as important Thai banks or financial services firms.

In addition, Morgan Stanley’s Thai Fund Inc (NYSE: TTF) was Thailand’s only closed-end fund, but it was liquidated during the first quarter of 2018. Otherwise, investors interested in investing in Thailand ADRs should also check out our Thailand ETF list, Southeast Asia ETF list (region wide), Asia Pacific ETF list and Thailand closed-end fund list pages.

For a better understanding of the risks involved when investing in Thai ADRs or with investing in Thailand in general, check out our article on Seeking Alpha: The Shutdown Bangkok Protests: Is Thailand A Safer Investment Than You Think? In addition, our pictures of the 2014 “Shutdown Bangkok, Restart Thailand” protests are posted here while some videos are posted here.

Note: Stocks delisted from the OTC (whether due to mergers, acquisitions or for other reasons) have been left in the table (as their websites still provide a good feel for the company and the local market) and may still trade on local or important European (e.g. London) or regional (e.g. Singapore or Hong Kong) stock exchanges. They may also be holdings of country or region specific ETFs or Indices.  

List of Thailand ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange

 CompanyTickerExchangeSector
1Advanced Info Service PCLAVIFYOTCPinkTelecommunications
2 Airports of Thailand PCLAIPUYOTCPinkIndustrials
3Asia Fiber PCLASFBYDelistedManufacturing
4Bangkok Bank PCLBKKLYOTCPinkFinancials
5Bangkok Dusit Medical Services PCLBDUUYOTCPinkHealth Care
6Bangkok Life Assurance PCLBKOKYDelistedFinancial Services
7Bank of Ayudhya Public Company LimitedBKAYYOTCPinkFinancial Services
8Banpu PCLBNPJYOTCPinkMining
9BEC World PCLBECVYOTCPinkMedia
10Berli Jucker PCLBLJZYOTCPinkIndustrials
11Big C Supercenter PCLBGCUYDelistedSupermarkets
12BTS Group Holdings PCLBTSGYOTCPinkFinancial Services
13Bumrungrad Hospital PCLBUHPYOTCPinkHealth Care
14Central Pattana PCL CPPBYOTCPinkFinancial Services
15Charoen Pokphand Foods PCLCPPBYOTCPinkFood & Beverage
16Charoen Pokphand Foods PCLCPOKYDelistedFood & Beverage
17Charoen Pokphand Foods PCLCPPBYOTCPinkFood & Beverage
18CP ALL PCLCPPCYOTCPinkRetail
19Delta Electronics Thailand PCLDLELYOTCPinkElectronics
20Electricity Generating PCLEYUBYOTCPinkUtilities
21Esso (Thailand) PCLESSOYDelistedOil & Gas
22Glow Energy PCLGWECYDelistedUtilities
23Guardforce AI CoGFAINASDAQSecurity (Cash Collection)
24Guardforce AI CoGWECYNASDAQSecurity (Cash Collection)
25HANA Microelectronics Group PCLHNMUFOTCGreySemiconductors
26Indorama Ventures PCLINDOYOTCPinkBasic Materials
27Intouch Holdings PCL (Shin Corporation)SHNZYDelistedDiversified
28IRPC PCLIRPSYOTCPinkChemicals
29Jasmine International PCLJASMYDelistedTechnology
30Kasikornbank PCLKPCPYOTCPinkFinancial Services
31KCE ElectronicsKPCPYOTCPinkElectronics
32Krung Thai Bank PCLKGTFYOTCPinkFinancial Services
33Krungthai CardKGTFYOTCPinkFinancial Services
34Land and Houses PCLLDHUFOTCPinkReal Estate
35Land and Houses PCLLDHOFOTCGreyReal Estate
36Land and Houses PCLLHSPYDelistedReal Estate
37Minor International PCLMNILYOTCPinkDiversified
38Pruksa Real Estate PCLPKREYDelistedReal Estate
39PTT Exploration and Production PCLPEXNYOTCPinkOil & Gas
40PTT Global Chemical PCLPCHUYOTCPinkChemicals
41PTT Public Company LimitedPUTRYOTCPinkOil & Gas
42Ratchaburi Electricity Generating Holding PCLREGHYDelistedUtilities
43Robinson Department Store PCLRDSPYDelistedRetail
44Sahaviriya Steel Industries PCLSAVXYDelistedSteel
45Siam Cement PCLSCVPYOTCPinkBasic Materials
46Siam City Cement PCLSICPYDelistedBasic Materials
47Siam Commercial Bank PCLSMUUYOTCPinkFinancial Services
48Siam Makro PCLSMKUYOTCPinkRetail
49Srisawad CorporationSRAWYOTCPinkFinancial Services
50Sri Trang Agro-Industry PCLSLJUYDelistedBasic Materials
51Thai Airways International PCLTAWNYDelistedAirlines
52Thai Beverage PCLTBVPFOTCPinkFood & Beverage
53Thai Fund IncTTFLiquidatedClosed-End Fund
54Thai Plastic and Chemicals PCLTHPCYDelistedBasic Materials
55Thai Union Frozen Products PCLTUFBYOTCPinkFood & Beverage
56Thai Vegetable Oil PCLTHVGYDelistedConsumer Goods
57Thaicom PCLTHMNYDelistedTelecommunications
58Thaioil PCLTOIPYOTCPinkOil & Gas
59Thanachart Capital PCLTHNUYOTCPinkFinancial Services
60Tisco Financial Group PCLTSCFYOTCPinkFinancial Services
61TMBThanachart Bank Public Company LimitedTMBBYOTCPinkFinancial Services
62Total Access Communication PCLTACYYOTCPinkTelecommunications
63TTW Public Company (Thai Tap Water Supply PCL)TTAPYOTCPinkUtilities

* EmergingMarketSkeptic.com provides useful information that should not constitute investment advice or a recommendation to invest. In addition, your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content. Read More

Note: If there are any ADRs to add or remove from this list or there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.

The Stock Exchange of Thailand (SET)

The Stock Exchange of Thailand’s origins dates back to the 1960s with the privately run Bangkok Stock Exchange that eventually ceased operations due to a lack of official government support and a limited investor understanding of the equity market. Operations started again as the Stock Exchange of Thailand on April 30, 1975 with the SET index’s all-time high level of 1,789 being set in January 1994 – a level it only surpassed again in February 2018.

Thailand Stocks and Investing ResourcesThailand ADRs

Here are some useful English news resources for investing in Thai ADRs or stocks or about Thailand in general:

For additional resources for investing in Thailand ADRs or stocks, check out all of our Thailand tagged articles/links.

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