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

	Company	Ticker	Exchange	Sector
1	Advanced Info Service PCL	AVIFY	OTCPink	Telecommunications
2	Airports of Thailand PCL	AIPUY	OTCPink	Industrials
3	Asia Fiber PCL	ASFBY	Delisted	Manufacturing
4	Bangkok Bank PCL	BKKLY	OTCPink	Financials
5	Bangkok Dusit Medical Services PCL	BDUUY	OTCPink	Health Care
6	Bangkok Life Assurance PCL	BKOKY	Delisted	Financial Services
7	Bank of Ayudhya Public Company Limited	BKAYY	OTCPink	Financial Services
8	Banpu PCL	BNPJY	OTCPink	Mining
9	BEC World PCL	BECVY	OTCPink	Media
10	Berli Jucker PCL	BLJZY	OTCPink	Industrials
11	Big C Supercenter PCL	BGCUY	Delisted	Supermarkets
12	BTS Group Holdings PCL	BTSGY	OTCPink	Financial Services
13	Bumrungrad Hospital PCL	BUHPY	OTCPink	Health Care
14	Central Pattana PCL	CPPBY	OTCPink	Financial Services
15	Charoen Pokphand Foods PCL	CPPBY	OTCPink	Food & Beverage
16	Charoen Pokphand Foods PCL	CPOKY	Delisted	Food & Beverage
17	Charoen Pokphand Foods PCL	CPPBY	OTCPink	Food & Beverage
18	CP ALL PCL	CPPCY	OTCPink	Retail
19	Delta Electronics Thailand PCL	DLELY	OTCPink	Electronics
20	Electricity Generating PCL	EYUBY	OTCPink	Utilities
21	Esso (Thailand) PCL	ESSOY	Delisted	Oil & Gas
22	Glow Energy PCL	GWECY	Delisted	Utilities
23	Guardforce AI Co	GFAI	NASDAQ	Security (Cash Collection)
24	Guardforce AI Co	GWECY	NASDAQ	Security (Cash Collection)
25	HANA Microelectronics Group PCL	HNMUF	OTCGrey	Semiconductors
26	Indorama Ventures PCL	INDOY	OTCPink	Basic Materials
27	Intouch Holdings PCL (Shin Corporation)	SHNZY	Delisted	Diversified
28	IRPC PCL	IRPSY	OTCPink	Chemicals
29	Jasmine International PCL	JASMY	Delisted	Technology
30	Kasikornbank PCL	KPCPY	OTCPink	Financial Services
31	KCE Electronics	KPCPY	OTCPink	Electronics
32	Krung Thai Bank PCL	KGTFY	OTCPink	Financial Services
33	Krungthai Card	KGTFY	OTCPink	Financial Services
34	Land and Houses PCL	LDHUF	OTCPink	Real Estate
35	Land and Houses PCL	LDHOF	OTCGrey	Real Estate
36	Land and Houses PCL	LHSPY	Delisted	Real Estate
37	Minor International PCL	MNILY	OTCPink	Diversified
38	Pruksa Real Estate PCL	PKREY	Delisted	Real Estate
39	PTT Exploration and Production PCL	PEXNY	OTCPink	Oil & Gas
40	PTT Global Chemical PCL	PCHUY	OTCPink	Chemicals
41	PTT Public Company Limited	PUTRY	OTCPink	Oil & Gas
42	Ratchaburi Electricity Generating Holding PCL	REGHY	Delisted	Utilities
43	Robinson Department Store PCL	RDSPY	Delisted	Retail
44	Sahaviriya Steel Industries PCL	SAVXY	Delisted	Steel
45	Siam Cement PCL	SCVPY	OTCPink	Basic Materials
46	Siam City Cement PCL	SICPY	Delisted	Basic Materials
47	Siam Commercial Bank PCL	SMUUY	OTCPink	Financial Services
48	Siam Makro PCL	SMKUY	OTCPink	Retail
49	Srisawad Corporation	SRAWY	OTCPink	Financial Services
50	Sri Trang Agro-Industry PCL	SLJUY	Delisted	Basic Materials
51	Thai Airways International PCL	TAWNY	Delisted	Airlines
52	Thai Beverage PCL	TBVPF	OTCPink	Food & Beverage
53	Thai Fund Inc	TTF	Liquidated	Closed-End Fund
54	Thai Plastic and Chemicals PCL	THPCY	Delisted	Basic Materials
55	Thai Union Frozen Products PCL	TUFBY	OTCPink	Food & Beverage
56	Thai Vegetable Oil PCL	THVGY	Delisted	Consumer Goods
57	Thaicom PCL	THMNY	Delisted	Telecommunications
58	Thaioil PCL	TOIPY	OTCPink	Oil & Gas
59	Thanachart Capital PCL	THNUY	OTCPink	Financial Services
60	Tisco Financial Group PCL	TSCFY	OTCPink	Financial Services
61	TMBThanachart Bank Public Company Limited	TMBBY	OTCPink	Financial Services
62	Total Access Communication PCL	TACYY	OTCPink	Telecommunications
63	TTW Public Company (Thai Tap Water Supply PCL)	TTAPY	OTCPink	Utilities

* 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 Resources

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

• Bangkok Post
• National News Bureau of Thailand
• Prachatai English
• ThaiCapitalist (Insights into the SET Index & Thai Stocks)
• Thai Enquirer
• Thai Examiner
• Thailand Business News
• The Nation

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

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• Southeast Asian Food Delivery Players, Grab, GoTo Face Slump as Spending Growth Slows to Four-Year Low (Tech Times)
• Emerging Markets Debt: Springtime in January? (Barings)
• Which Countries Are Most Influenced By China? (Oilprice.com)
• Sustained Growth Slowdown in China Would Spill Over to Asia-Pacific Region and Beyond (Moody’s Talk)
• The Great ASEAN Economic Rebound (Murray Hunter Substack)
• Powell Pushing Asia Into a New Financial Crisis (Asia Times)
• Crisis to Crisis: What Asia Learned From the Financial Chaos of 1997 (Bangkok Post)
• Asian Equities Well-positioned Against Global Recession (The Asset)
• Thai Bourse Aims for ‘Sexy’ IPOs to Boost Appeal for Investors (Nikkei Asia)