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
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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.
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.