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S&P to provide research on ADRs traded on Singapore Exchange

Tags: ADR | Baidu Inc | China Mobile | Singapore Exchange | Standard & Poor’s | Suntech Power

Written by Reuters   
Tuesday, 14 December 2010 13:37
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Standard & Poor’s Equity Research said on Tuesday it has been appointed by the Singapore Exchange (SGXL.SI) to provide research on American Depository Receipts (ADRs) traded in the city-state.
 
S&P will publish reports on 15 companies whose ADRs are traded in Singapore, including internet search firm Baidu (BIDU.O), China Mobile (0941.HK) and Suntech Power (STP.N). The research will be put on SGX’s website and updated weekly.

SGX, Asia’s second largest bourse by capitalisation, introduced ADR trading in October to let investors trade shares of U.S.-listed Chinese firms during Asian hours.
 
The news sparked a rally in SGX’s share price but the volume of ADRs traded have been below what analysts had hoped.
 

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S&P to provide research on ADRs traded on Singapore Exchange
Tuesday, 14 December 2010

Last Updated on Tuesday, 14 December 2010 13:39