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Bangkok Post

Business

Apple, Tesla focus of new fractional trade

SET DRX KTB United States Tesla Inc. Pakorn Peetathawatchai Payong Srivanich DR Krungthai Bank

From left are Krit Chamapisit, first executive vice-president of KTB, Mr Payong, Mr Pakorn and SET senior executive vice-president Rinjai Chakornpipat at the launch of the DRx trading tool.

The Stock Exchange of Thailand (SET) and state-owned Krungthai Bank (KTB) are launching fractional depositary receipts (DRx), a tool that can help investors buy a part of leading global companies such as Apple and Tesla Inc.

The SET plans to launch AAPL80X and TSLA80X, the respective DRxs of Apple Inc and Tesla Inc, on Sept 29 to enable investors to own a piece of international tech companies with high growth potential.

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