ASEAN - The Stock Exchange of Thailand

ASEAN: 

The World’s Growth Market 

6 COUNTRIES | 7 EXCHANGES | 3,000 COMPANIES 

520 MILLION PEOPLE | USD2.0 TRILLION MARKET CAPITALISATION

Introduction 

ASEAN Exchanges is a collaboration of the 

seven exchanges from Indonesia, Malaysia, 

the Philippines, Singapore, Thailand and Vietnam. 

The collaboration aims to promote the growth 

of the ASEAN capital market by bringing more 

ASEAN investment opportunities to more people. 

Guided by the Asean Economic Community 

(AEC) blueprint, the ASEAN Exchanges 

collaboration will jointly promote the 

development of ASEAN as an asset class, 

with the intention of increasing liquidity of 

the member exchanges. This will be 

achieved through creating ASEAN-centric 

investment products, implementing targeted 

promotional initiatives and streamlining 

access to ASEAN capital markets. 

It is hard to imagine how vast an opportunity 

ASEAN truly is for investors. The region 

encompasses 10 countries with a combined 

population of over 600 million people. 

Together, they have a combined GDP 

of USD2 trillion. More than 90% of that 

is accounted for by the six countries of 

the ASEAN Exchanges collaboration. 

Bursa Malaysia 

Hanoi Stock Exchange 

Hochiminh Stock Exchange 

Indonesia Stock Exchange 

The Philippine Stock Exchange 

The Stock Exchange of Thailand 

Singapore Exchange 

The opportunity for investors becomes 

even clearer when we zoom-in on the 

region’s stock markets. Jointly, just the 

six countries that are part of the ASEAN 

Exchanges collaboration have a stock 

market capitalisation of USD2 trillion. 

Collectively, they offer more than 3,000 

companies to invest in. 

The Stars of ASEAN 

With such a large number of shares 

for investors to choose from it can be 

difficult to know where to start. To facilitate 

cross-border investment, ASEAN Exchanges 

provides an easily identifiable reference for 

investors in the form of the ASEAN Stars. 

The ASEAN Stars comprise of 180 ASEAN 

blue-chip stocks representing the 30 most 

exciting companies of each ASEAN country, 

as ranked by investability in terms of 

market capitalisation and liquidity.

Introduction 

Introduction 

ASEAN: 

Where the Market Excitement is 

What is truly unique about ASEAN is 

the scope and diversity of the investment 

opportunities it offers. These range 

from the excitement of a frontier market 

like Vietnam to the sophisticated 

investment products in a developed 

market like Singapore. No other region 

in the world offers this unique 

combination of opportunities. 

The simple fact is that savvy investors 

can’t afford to ignore the ASEAN 

markets - and top foreign investors 

already know this. Japanese FDI into 

ASEAN more than doubled in 2011 

from the year before to $19.6 billion, 

overtaking the $14.2 billion Japan 

invested in China and Hong Kong 

last year, according to the Japan External 

Trade Organisation. Likewise, ASEAN, 

rather than China or India is the biggest 

destination for Foreign Direct Investment 

(FDI) from the United States in Asia, 

according to figures from the US 

Bureau of Economic Analysis. 

Increasingly, Southeast Asia is where 

the real excitement is. Just consider that 

two of the world’s top 5 IPOs this year 

have been on ASEAN markets. Felda 

Global Ventures listed on Bursa Malaysia 

in June and was followed by the joint 

listing of IHH Healthcare on Bursa 

Malaysia and Singapore Exchange in 

July. This is a hugely impressive feat and 

ASEAN looks set to keep firing on all 

cylinders until the end of the decade. 

The Gateway to Regional 

Growth Opportunities 

The International Monetary Fund (IMF) 

forecasts that the core emerging ASEAN 

economies will grow by an average of 

six per cent per annum over the next 

five years. A good part of this will be 

driven by ASEAN’s favourable demographic 

profile. A recent study by Merrill Lynch 

has shown that population trends in 

ASEAN are more favourable than in 

China or India over the next decade. 

China’s labour force is expected to start 

shrinking from 2020 onwards, whereas 

the workforce in ASEAN is expected 

to keep growing. While India’s workforce 

will grow even faster than ASEAN’s, 

ASEAN will still produce a greater 

number of skilled workers because 

of the huge difference in adult literacy 

levels. While the adult literacy rate 

in India is just 63 per cent, it is 

over 92 per cent in the core ASEAN 

economies, according to the 

United Nations 2011 Human 

Development Report. 

Given the size of the ASEAN economy, 

the depth of its capital markets and 

the region’s strong growth prospects, 

it is no surprise that international fund 

managers are paying more attention to 

it these days. What has been missing 

so far is a common understanding of 

the growth opportunities available in 

this region. The ASEAN Exchanges 

collaboration is intended to change that. 

ASEAN: An Asset Class in Its Own Right 

While most investors have tended to focus 

on the individual Southeast Asian markets 

rather than on ASEAN as a unified whole, 

that is now set to change. ASEAN is 

increasingly being recognised as an asset 

class in its own right. Leading international 

financial indices provider FTSE has developed 

two indices that track the performance of 

ASEAN’s leading companies. These two 

indices are the FTSE/ASEAN Index and the 

more concentrated FTSE/ASEAN 40 Index. 

The FTSE indices provide an important 

benchmark for the creation of Asean-centric 

investment products. The emergence of such 

regionally-focused investment products will 

serve as a catalyst to increase the inflow 

of foreign funds into the region.

Member Exchanges 

Collaborating with 

MALAYSIA 

BURSA MALAYSIA 

Listed Companies: 

926 

Domestic Capitalisation: 

USD420,451 million 

(as at 30 th June 2012) 

Malaysia is the world’s 14 th most competitive 

country as ranked by IMD. It is the third largest 

economy in ASEAN and is ranked as the 29 th largest 

economy in the world by purchasing power parity by the IMF. 

The country is a leading global exporter of electronic products 

and it is also the world’s largest Islamic banking and financial centre. 

Additionally, it is one of the world’s top producers of palm oil, tin and rubber.



Investing with 

BURSA MALAYSIA BERHAD 

Bursa Malaysia Berhad is an exchange 

holding company that operates and 

regulates the national stock exchange 

and futures exchange in Malaysia. It is 

a fully integrated exchange, offering the 

complete range of exchange-related 

services. These include trading, 

clearing, settlement and depository 

services. Bursa Malaysia Berhad has 

over 900 listed counters with a 

combined market capitalisation of 

USD420 billion as at end-June 2012. 

Of these over 80% are Shariah 

compliant. It is also home to the 

world’s most successful crude 

palm oil futures contract, the FCPO. 

World-class infrastructure makes 

Bursa Malaysia easily accessible, 

and the exchange today serves 

investors from over 60 nations, 

offering some of the most attractive 

dividend yields in the Asia-Pacific 

region. Its benchmark index is the 

FTSE Bursa Malaysia KLCI. 

FINANCIAL HIGHLIGHTS 

Market Capitalisation 

(June 2012 in USD millions): 420,451.4 

Number of Companies Listing 

(incl. foreign companies) June 2012: 926 

Total Value of Share Trading 

(2011 in USD millions): 135,524 

INDICES 

FTSE BURSA MALAYSIA KLCI 

FTSE Bursa Malaysia Hijrah Shariah Index 

FTSE Bursa Malaysia Palm Oil Plantation Index 

FTSE / ASEAN 40 Index 

FTSE Bursa Malaysia EMAS Index 

OFFERINGS 

Securities 

Futures & Options 

Offshore Financial Exchange 

OTC Clearing 

BURSA MALAYSIA STOCK EXCHANGE (BM) 

TRADING SESSIONS CHART 

08:30 - 09:00 

am am 

09:00 - 12:30 

am pm 

02:00 - 02:30 

pm pm 

Pre-Opening 

Continuous 

TRADING 

Pre-Opening 

02:30 - 04:45 

pm pm 

Continuous 

TRADING 

04:45 - 04:50 

pm pm 

Pre-Closing 

04:50 - 05:00 

pm pm 

TRADING 

at Last



HANOI, VIETNAM 

HANOI 

STOCK EXCHANGE 

Vietnam is moving towards integration 

into the global economy and the pace 

of its economic development has been 

dramatic. In 2011, nominal GDP reached 

USD123 billion, with nominal GDP 

per capita of USD1,374. According 

to a forecast by Goldman Sachs, the 

Vietnamese economy will become 


394 



(as at 31 st July 2012) 

the 17 th largest in the world, with 

a nominal GDP of USD436 billion and 

nominal GDP per capita of USD4,357 

by 2025. The country has a diverse 

economy. In the industrial sector, 

most Vietnamese enterprises are 

SMEs. Vietnam is also fast-becoming 

a leading agricultural exporter.




HANOI STOCK EXCHANGE 


Domestic Capitalisation 

(July 2012 in USD millions): 4,850 

The Hanoi Stock Exchange was 

established through the transformation 

and restructuring of the Hanoi Securities 

Number of Companies Listed 

as of July 2012: 394 

Trading Center by a formal Decision 

of the Prime Minister of Vietnam 

in January 2009. The Hanoi Stock 

Exchange operates as a state-owned 

The number of listed companies has 

risen from just six in 2005, to 398 

by mid 2012. These listed companies 

INDICES 

HNX 

UPCoM 

single – member limited liability 

company with a starting charter capital 

have a combined market value of 

approximately USD4.85 billion has a 

HANOI STOCK EXCHANGE (HNX) 


of USD50 million. It has its own legal 

entity and seal as stipulated by the 

Securities Law, Enterprise Law and 

the Exchange’s Charter, as well as 

related legal documents. 

end-July 2012. 

Growth in the UPCoM (Unlisted 

Public Companies Market) has been 

equally impressive. After more than 

a year of operation, there were 

09:00 - 11:30 

am am 

Morning Session 

Continuous order-matching 

method parallel with 

negotiation method 

1:30 - 2:15 

pm pm 

Afternoon Session 

Continuous order-matching 

method parallel with 

negotiation method 

100 public companies registered. 

Together, they have a total registered 

value of over USD1,152 million. 

Since its establishment, the Hanoi 

Stock Exchange has successfully 

organised many share auctions 

and bond biddings. This has led 

to a vibrant secondary market 

for securities and helped the 

state in capital mobilisation and 

economic management.



HO CHI MINH, VIETNAM 

HOCHIMINH 



303 




Vietnam is moving towards integration into the global 

economy and the pace of its economic development has 

been dramatic. In 2011, nominal GDP reached USD123 billion, 

with nominal GDP per capita of USD1,374. According to 

a forecast by Goldman-Sachs, the Vietnamese economy 

will become the 17 th largest in the world, with a nominal 

GDP of USD436 billion and nominal GDP per capita of 

USD4,357 by 2025. The country has a diverse economy. 

In the industrial sector, most Vietnamese enterprises 

are SMEs. Vietnam is also fast-becoming a leading 

agricultural exporter.




HOCHIMINH 


The origin of the Hochiminh Stock 

Exchange goes back to July 2000 

with the establishment of the Ho Chi 

Minh City Securities Trading Center. 

After 7 years of growth and integration 

into the global securities market, 

the government transferred the 

Ho Chi Minh City Securities Trading 

Center to Hochiminh Stock Exchange 

(HOSE) and it was officially launched 

on 8 th August 2007. 

Since then, the Hochiminh Stock 

Exchange has taken a number of 

important steps to facilitate the 

market’s growth and ease trading. 

These include the introduction of 

continuous order matching since 

30 th July 2007 and the introduction 

of online trading at the beginning 

of 2009. This has led to enhanced 

liquidity of the overall market and 

for individual market participants. 


Market Capitalisation 

(June 2012 in USD millions): 33,401 

Number of Companies Listed as of June 2012: 303 

INDICES 

VN 

OFFERINGS 

Stocks 

Corporate Bonds 

Fund Certificate 

HOCHIMINH STOCK EXCHANGE (HOSE) 


09:00 - 09:15 

am am 

Pre-Opening 

09:15 - 11:30 

am am 

Continuous 

Trading 

1:00 - 1:45 

pm pm 

Continuous 

Trading 

These changes have led to a 

rapid rise in the number of listed 

companies, trading volumes, market 

capitalisation and service quality. 

1:45 - 2:00 

pm pm 

Pre-Closing 

9:00 - 2:15 

am pm 

Put-Through



INDONESIA 

INDONESIA 



445 




Indonesia is the largest economy in ASEAN, 

and also the only G-20 member from ASEAN. 

The country is ranked 1 st among Asia-Pacific 

sovereigns by Standard & Poor’s for best fiscal 

balance. Key economic drivers are the exports 

of oil and gas, bauxite, silver, tin, copper, gold, 

coal, agricultural products and garments, electronic 

goods, furniture and paper products.




INDONESIA 


The capital market in Indonesia was 

established to serve the interests of 

the Dutch East Indies Company (VOC). 

Its gradual growth was interrupted 

by the two world wars and when 

Indonesia gained independence from 

the Dutch. The capital market was 

reactivated in 1977, and has grown 

rapidly ever since, supported by 

incentives and regulations issued by 

the government. Prior to 1989, 

Indonesia had two exchanges – 

the Jakarta Stock Exchange and the 

Surabaya Stock Exchange. The two 

were merged in 2007 to become 

the Indonesia Stock Exchange (IDX). 

To serve the interests of investors 

better, IDX has launched a new 

trading system, the JATS Next-G. 


Domestic Capitalisation (June 2012 in USD millions): 397,115 


Total Value of Share Trading (2011 in USD millions): 109,191 

INDICES 

The JSX Composite 

Jakarta Islamic Index (JII) 

FTSE/ASEAN Benchmark Index 

FTSE/ASEAN 40 

OFFERINGS 

Equities 

Mutual Funds 

Bonds 

INDONESIA STOCK EXCHANGE (IDX) 


Monday - Thursday 

09:10 - 09:25 

am am 

09:25 - 9:29 

am am 

09:30 - 12:00 

am pm 

01:30 - 4:00 

pm pm 

Pre-Opening 

Continuous 

TRADING 

Continuous 

TRADING 

Continuous 

TRADING 

Friday 

09:10 - 09:25 

am am 

09:25 - 9:29 

am am 

09:30 - 11:30 

am pm 

02:00 - 4:00 

pm pm 

Pre-Opening 

Continuous 

TRADING 

Continuous 

TRADING 

Continuous 

TRADING



THE PHILIPPINES 

The Philippines is the 4 th largest economy in ASEAN. 

In the first quarter of 2012, the economy grew by an 

impressive 6.4% on a year-on-year basis. That was 

among the highest growth rates in Asia. The Philippines 

looks set to maintain its strong growth despite turbulence 

in the global economy. The most recent IMF mission has 

observed that “The Philippine economy has sustained its 

solid momentum, and has the policy space to support 

growth if tail risks from the global economy materialize.” 

THE PHILIPPINE 



254 



(as at 30 th June 2012)




THE PHILIPPINE 


The Philippine stock market was 

established in 1927 when the 

Manila Stock Exchange was officially 

incorporated, making it one of the 

longest operating stock exchanges 

in Southeast Asia. In 1963, a second 

exchange was founded, the Makati 

Stock Exchange. The two exchanges 

operated as separate entities for three 

decades, although they were basically 

trading the same listed issues. 

In December 1992, the two bourses 

merged to form The Philippine Stock 

Exchange (PSE). The PSE started its 

operations in 1994 running two trading 

floors – one located in Pasig City 

and the other in Makati City – 

that were linked via computers. 

In June 1998, the Securities and 

Exchange Commission (SEC) 

granted self-regulatory organisation 

(SRO) status to the PSE. 

In August 2001, the PSE was 

demutualised and transformed into 

a stock, shareholder-based organisation 

from a non-stock, member-governed 

entity. In December 2003, PSE 

shares were listed on the Exchange 

by way of introduction. 

As of June 2012, the PSE has 254 

listed firms and 134 active trading 

participants. PSE shares are also listed 

on the stock exchange. Trading in 

the PSE is a continuous session from 

9:30 am to 12:10 pm daily. For more 

information visit: www.pse.com.ph. 


Domestic Capitalisation (June 2012 in USD millions): 204,801 



INDICES 

PSEi 

Financials Index 

Industrial Index 

Holding Firms Index 

Property Index 

Services Index 

Mining & Oil Index 

OFFERINGS 

Equities 

Warrants 

Philippine Deposit Receipts (PDRs) 

THE PHILIPPINE STOCK EXCHANGE (PSE) 


09:00 - 09:30 

am am 

09:30 - 11:57 

am am 

11:57 - 12:00 

am pm 

Pre-Opening 

Continuous 

TRADING 

Pre-Closing 

12:00 - 12:10 

pm pm 

TRADING 

at Last



THAILAND 

THE STOCK EXCHANGE 

OF THAILAND 

Thailand is ideally located at the 

crossroads of Asia with easy access 

to the region’s dynamic markets. 

The country, home of 67 million 

people, is characterised by steady 

growth, strong exports and a vibrant 

domestic consumer market. The 

country is ranked on the world’s ease 

of doing business index, standing 

4 th in Asia and 17 th in the world. It is 

one of the main global exporters, 

the world’s top producers of natural 


545 




and synthetic rubber, and the world’s 

number one hard disk drive maker 

and one-tone pick-up truck manufacturer. 

With abundant natural resources and 

a service-oriented culture, Thailand 

has become the key kitchen 

supplying food to the rest of the 

world, and is ranked among the 

world’s top tourist destinations.




THE STOCK EXCHANGE 

OF THAILAND 

For more than three decades, The Stock 

Exchange of Thailand (SET) has stood 

the test of time to be the centre of 

Thailand’s capital market and a thriving 

and dynamic exchange offering a 

full range of products, services and 

trading infrastructure to investors, 

listed companies, and other participants. 

Its progressive developments over 

the past few years have resulted 

in the upgrade of the Thai capital 

market by FTSE to the advanced 

emerging market status. 

SET offers investors the advantages 

of being a one-stop market for 

securities, derivatives, and bonds 

for both wholesale and retail markets. 

Its dividend yield is among the highest 

in ASEAN with market capitalisation 

of $308 billion (at the end of June 2012). 

The exchange has the highest turnover 

velocity in the region, while average 

daily turnover (nearly $1 billion) has 

risen significantly to become one 

of the top two stock exchanges in 

ASEAN. The exchange also provides 

compelling investment opportunities 

with healthy profitability and attractive 

returns of Thai-listed companies. 

In spite of the global economic slowdown, 

companies’ profits have been resilient, 

showing a strong rebound across all 

industries. To raise its competitiveness, 

SET is now upgrading IT infrastructure 

with cutting-edge features that match 

leading global exchanges, making its 

trading system one of the fastest in Asia. 

“Match the right financial 

opportunities for investors 

and businesses.” 

INDICES 

SET 50 Index 

SET100 Index 

SETHD 

FTSE SET Index series 

FTSE SET Shariah Index 

OFFERINGS 

Equity 

Warrant 

Bonds 

Exchange Traded Funds 

Derivatives 

THE STOCK EXCHANGE OF THAILAND (SET) 


09:30 - T1 

am 

Pre-Opening I 

2:00 - T2 

pm 

Pre-Opening II 

T3 - 5:00 

pm 

Off-Hour 

Trading 

T1 - 12:30 

pm 

Morning 

Trading Session 

T2 - 4:30 

pm 

Afternoon 

Trading Session 

5:00 

pm 

Market Close 

12:30 - 2:00 

pm pm 

Intermission 

4:30 - T3 

pm 

Pre-Close



SINGAPORE 

Singapore is a key regional financial and high-tech hub. The main 

drivers of its economy are exports, particularly in electronics, 

chemicals and services. The city-state is Asia’s leading oil trading 

hub, as well as oil and oil-product pricing centre. Singapore was 

Asia’s fastest growing economy in 2010, registering a growth rate 

of 14.8%. Growth slowed in 2011, reflecting turbulence in the 

global economy. Despite this, the city-state’s GDP grew 

by a highly-respectable 4.9% that year. 

SINGAPORE EXCHANGE 


769 



(as at 30 th June 2012 )




SINGAPORE EXCHANGE 

Singapore Exchange (SGX) is the 

Asian Gateway, connecting investors 

in search of Asian growth to corporate 

issuers in search of global capital. 

SGX represents the premier access 

point for managing Asian capital and 

investment exposure, and is Asia’s 

most internationalised exchange 

with more than 40% of companies 

listed on SGX originating outside of 

Singapore. SGX offers its clients the 

world’s biggest offshore market for 

Asian equity futures market, centred 

on Asia’s three largest economies – 

China, India and Japan. 

In addition to offering a fully integrated 

value chain from trading and clearing, 

to settlement and depository services, 

SGX is also Asia’s pioneering central 

clearing house. Headquartered in 

Asia’s most globalised city, and 

centred within the AAA strength 

and stability of Singapore’s island 

nation, SGX is a peerless Asian 

counterparty for the clearing of 

financial and commodity products. 

For more information, please visit 

www.sgx.com 


Market Capitalisation (June 2012 in USD millions): 664,634 

Number of Companies Listed as of 2012: 769 


INDICES 

FTSE ST Index Series 

Straits Times Index 

FTSE ST Catalist Index 

UOB Catalist Index 

FTSE/ASEAN Index Series 

FTSE SGX Asia Shariah 100 Index 

MSCI Singapore Indices 

FTSE China 25 Index 

FTSE China A50 Index 

OFFERINGS 

American Depository Receipts (ADRs) 

Singapore Government Bonds 

Bonds, Debentures and Loan Stocks 

Business Trusts 

Equities 

Exchange Traded Funds (ETFs) 

Global Depository Receipts (GDRs) 

Infrastructure Funds 

Real Estate Investment Trusts (REITs) 

Warrants 

SINGAPORE EXCHANGE (SGX) 


08:30 - 09:00 

am am 

Pre-Opening 

09:00 - 5:00 

am pm 

Continuous 

TRADING 

05:00 - 5:06 

pm pm 

TRADING 

at last

Asean Stars 

The ASEAN Stars are the 180 leading blue-chip 

companies in the ASEAN region. The Stars 

comprise 30 companies from each of the six 

countries participating in the ASEAN Exchanges 

collaboration. The specific companies chosen to 

be on the ASEAN Stars list have been selected 

by the stock exchanges of the individual countries. 

The composition of the Stars reflects the breadth 

and depth of the ASEAN economy. 

Regional Diversification 

At a national level, these companies 

represent the largest and most liquid 

stocks on their home exchanges. 

This makes them an ideal starting 

point for investors wanting to profit 

from the unique opportunities in each 

of the ASEAN countries. Together, 

they provide a unique gateway for 

investors to buy into the ASEAN 

regional growth story. 

Most of the ASEAN Stars companies 

already form part of national and 

regional investment benchmarks. 

Their importance is only set to grow 

as foreign investment into ASEAN 

and cross-border investment flows 

within the region pick-up. 

Sectoral Diversification 

and Concentration 

The Stars don’t just provide an 

opportunity for you to diversify your 

portfolio across countries, but also 

across economic sectors. These 

blue-chip companies cover a wide 

range of economic sectors, from 

finance and services to industry 

and natural resources. 

This diversity of opportunities is a key 

strength of the ASEAN Stars portfolio. 

The breadth of sectors they cover and 

the number of companies involved 

will allow investors to spread their 

investments across a high-quality 

portfolio of companies with highly 

different risk and reward profiles. 

Diversification across markets and 

sectors can provide you with an 

important means of reducing the 

risk to your investment portfolio. 

Conversely, the number of Stars 

included from each economic sector 

makes it possible for you to build an 

investment portfolio concentrated 

on the industries that you believe 

offer the biggest potential returns. 

The size, diversity and liquidity of 

the ASEAN Stars make them an 

ideal starting point for investors 

looking to profit from the economic 

integration of ASEAN.

Asean Stars 

Asean Stars 

ASEAN Trading Link 

The ASEAN Trading Link is a gateway 

to the full range of investment 

BURSA MALAYSIA BERHAD (BM) 

opportunities provided by the ASEAN 

Exchanges. It provides a single 

entry-point to three of the largest stock 

markets of the ASEAN Exchanges 

collaboration – Bursa Malaysia, 

ASEAN Indices 

The emergence of ASEAN as a 

recognised asset class is already 

happening. Leading international 

REUTERS CODE 

AIRA.KL 

AMMB.KL 

AXIA.KL 

NAME 

AIRASIA BHD 

AMMB HLDGS BHD 

AXIATA GROUP BHD 

CODE 

5099 

1015 

6888 

Singapore Exchange and Stock 

financial indices provider FTSE has 

BATO.KL 

BRITISH AMERICAN TOBACCO (M) 

4162 

Exchange of Thailand. Jointly these 

three markets offer nearly 2,200 

listed companies with a market 

capitalisation of USD1.4 trillion. 

Together, they account for 

some 70% of the total market 

capitalisation of ASEAN. 

With the launch of the ASEAN 

Trading Link, brokers of participating 

exchanges will now seamlessly 

be able to trade shares on other 

participating markets. What this 

means for you, is that you will now 

be able to buy and sell shares across 

the ASEAN region through your 

broker as easily as you would on 

your home-country stock exchange. 

These three markets will serve as 

the foundation of the ASEAN Trading 

Link. Vietnam, the Philippines and 

Indonesia are expected to join 

the Link in the near future. 

developed two indices that track 

the performance of ASEAN’s leading 

companies. These two indices are 

the FTSE/ASEAN Index and the 

more concentrated FTSE/ASEAN 

40 Index. The FTSE indices provide 

an important benchmark for the 

creation of ASEAN-centric investment 

products. The first such product, 

the Global X FTSE/ASEAN 40 

exchange traded fund (ETF) was 

listed on the New York Stock Exchange 

in February 2011. The number of 

such ASEAN-focused investment 

products is on the rise. 

BUAB.KL 

CIMB.KL 

DSOM.KL 

GENM.KL 

GENT.KL 

HLBB.KL 

HLCB.KL 

IOIB.KL 

KLKK.KL 

MBBM.KL 

MHEB.KL 

IHHH.KL 

MXSC.KL 

PCGB.KL 

PEPT.KL 

PETR.KL 

PGAS.KL 

PUBM.KL 

RHBC.KL 

SIME.KL 

TENA.KL 

TLMM.KL 

BUMI ARMADA 

CIMB GRP BHD 

DIGI.COM 

GENTING MYS BHD 

GENTING BHD2 

HONG LEONG BANK 

HONG LEONG FINANCIAL 

IOI CORP BHD 

KUALA LUMPUR KEPONG 

MAYBANK BHD 

MALAYSIA MARINE 

IHH HEALTHCARE 

MAXIS BERHAD 

PETRONAS CHEMICALS GROUP BHD 

PPB GROUP BHD 

PETRONAS DAGANGAN BHD 

PETRONAS GAS 

PUBLIC BANK BHD 

RHB CAPITAL 

SIME DARBY BHD 

TENAGA NASIONAL 

TELEKOM MALAYSIA 

5210 

1023 

6947 

4715 

3182 

5819 

1082 

1961 

2445 

1155 

5186 

5225 

6012 

5183 

4065 

5681 

6033 

1295 

1066 

4197 

5347 

4863 

MALAYSIA 

ULHB.KL 

UEM LAND HOLDINGS 

5148 

UMWS.KL 

UMW HOLDINGS 

4588 

YTLP.KL 

YTL POWER INTERNATIONAL 

6742 

YTLS.KL 

YTL CORPORATION 

4677

Asean Stars 

Asean Stars 

HANOI STOCK EXCHANGE (HNX) 

HOCHIMINH STOCK EXCHANGE (HOSE) 

REUTERS CODE 

NAME 

CODE 

REUTERS CODE 

NAME 

CODE 

ACB.HN 

ACB 

ACB 

CTG.HM 

VIETINBANK 

CTG 

DBC.HN 

DABACO 

DBC 

DPM.HM 

PVFCCO 

DPM 

KLS.HN 

KLS 

KLS 

EIB.HM 

EXIMBANK 

EIB 

NTP.HN 

TIFOPLAST 

NTP 

HAG.HM 

HAGL 

HAG 

OCH.HN 

OCH.JSC 

OCH 

IJC.HM 

BECAMEX IJC 

IJC 

PGS.HN 

PV GAS SOUTHERN 

PGS 

ITA.HM 

ITACO 

ITA 

PLC.HN 

PLC 

PLC 

MSN.HM 

MASAN GROUP CORP 

MSN 

PVI.HN 

PVI 

PVI 

MBB.HM 

MCSB 

MBB 

PVS.HN 

PTSC 

PVS 

OGC.HM 

OGC 

OGC 

PVX.HN 

PVC 

PVX 

PVF.HM 

PVFC 

PVF 

SCR.HN 

SACOMREAL 

SCR 

REE.HM 

REE JS COMPANY 

REE 

HANOI, 

VIETNAM 

SHB.HN 

VCG.HN 

VCS.HN 

SHB 

VINACONEX.,JSC 

VICOSTONE 

SHB 

VCG 

VCS 

STB.HM 

SSI.HM 

VCB.HM 

SACOMBANK 

SSI 

VIETCOMBANK 

STB 

SSI 

VCB 

HO CHI MINH, 

VIETNAM 

VNR.HN 

VINARE 

VNR 

VIC.HM 

VINGROUP JSC 

VIC

Asean Stars 

Asean Stars 

INDONESIA STOCK EXCHANGE (IDX) 

THE PHILIPPINE STOCK EXCHANGE (PSE) 

REUTERS CODE 

NAME 

CODE 

REUTERS CODE 

NAME 

CODE 

AALI.JK 

ASTRA AGRO LESTA 

AALI 

AALI.JK 

AYALA CORPORATION 

AC 

ADRO.JK 

ADARO ENERGY 

ADRO 

ADRO.JK 

ABOITIZ EQUITY VENTURES, INC. 

AEV 

ASII.JK 

ASTRA INTERNATIONAL 

ASII 

ASII.JK 

ALLIANCE GLOBAL GROUP, INC. 

AGI 

BBCA.JK 

BANK CENTRAL ASIA 

BBCA 

BBCA.JK 

AYALA LAND, INC. 

ALI 

INDONESIA 

BBRI.JKI 

BBNI.JK 

BANK RAKYAT INDONESIA 

BANK NEGARA INDONESIA 

BBRI 

BBNI 

BBRI.JKI 

BBNI.JK 

ABOITIZ POWER CORP 

BANCO DE ORO UNIBANK, INC. 

AP 

BDO 

BDMN.JK 

BANK DANAMON INDONESIA 

BDMN 

BDMN.JK 

BELLE CORP 

BEL 

BUMI.JK 

BUMI RESOURCES 

BUMI 

BUMI.JK 

BANK OF THE PHILIPPINE ISLANDS 

BPI 

BMRI.JK 

BANK MANDIRI 

BMRI 

BMRI.JK 

CEBU AIR INC. 

CEB 

BSDE.JK 

BUMI SERPONG DAME 

BSDE 

BSDE.JK 

DMCI HOLDINGS, INC. 

DMC 

CPIN.JK 

CHAROEN POKPHAN 

CPIN 

CPIN.JK 

ENERGY DEVELOPMENT CORPORATION 

EDC 

EXCL.JK 

GGRM.JK 

XL AXIATA 

GUDANG GARAM 

EXCL 

GGRM 

EXCL.JK 

GGRM.JK 

FIRST GEN CORPORATION 

GLOBE TELECOM 

FGEN 

GLO 

THE PHILIPPINES 

HRUM.JK 

HARUM ENERGY 

HRUM 

HRUM.JK 

INTERNATIONAL CONTAINER 

ICT 

INCO.JK 

VALE INDONESIA 

INCO 

INCO.JK 

JOLLIBEE FOODS CORPORATION 

JFC 

INDF.JK 

INDOFOOD SUKSES MAKMUR 

INDF 

INDF.JK 

JG SUMMIT HOLDINGS, INC. 

JGS 

ICBP.JK 

INDOFOOD CBP 

ICBP 

ICBP.JK 

METROPOLITAN BANK & TRUST CO. 

MBT 

INTP.JK 

INDOCEMENT TUNGGAL PRAKASA 

INTP 

INTP.JK 

MEGAWORLD CORPORATION 

MEG 

ITMG.JK 

INDO TAMBANGRAYA 

ITMG 

ITMG.JK 

MANILA ELECTRIC COMPANY 

MER 

JSMR.JK 

KLBF.JK 

LPKR.JK 

LSIP.JK 

MNCN.JK 

PGAS.JK 

PTBA.JK 

SMGR.JK 

TLKM.JK 

UNVR.JK 

UNTR.JK 

JASA MARGA 

KALBE FARMA 

LIPPO KARAWACI 

LONDON SUMATRA 

MEDIA NUSANTARA 

PERUSAHAAN GAS NEGARA 

TAMBANG BATUBARA BUKIT ASAM 

SEMEN GRESIK (PERSERO) 

TELEKOM INDONESIA 

UNILEVER INDONESIA 

UNITED TRACTORS 

JSMR 

KLBF 

LPKR 

LSIP 

MNCN 

PGAS 

PTBA 

SMGR 

TLKM 

UNVR 

UNTR 

JSMR.JK 

KLBF.JK 

LPKR.JK 

LSIP.JK 

MNCN.JK 

PGAS.JK 

PTBA.JK 

SMGR.JK 

TLKM.JK 

UNVR.JK 

UNTR.JK 

METRO PACIFIC 

INVESTMENTS CORPORATION 

MANILA WATER COMPANY, INC. 

PHILEX MINING CORPORATION 

ROBINSONS LAND CORPORATION 

SEMIRARA MINING 

SM INVESTMENTS CORPORATION 

SAN MIGUEL CORP 

SM DEVT CORP 

SM PRIME HOLDINGS, INC. 

PHI LONG DIS TEL 

UNIVERSAL ROBINA CORPORATION 

MPI 

MWC 

PX 

RLC 

SCC 

SM 

SMC 

SMDC 

SMPH 

TEL 

URC

Asean Stars 

Asean Stars 

THE STOCK EXCHANGE OF THAILAND (SET) 

SINGAPORE EXCHANGE (SGX) 

REUTERS CODE 

NAME 

CODE 

REUTERS CODE 

NAME 

CODE 

ADVA.BK 

ADVANCED INFO SV 

ADVANC 

CATL.SI 

CAPITALAND 

C31 

AOT.BK 

AIRPORTS OF TH 

AOT 

CMAL.SI 

CAPITAMALLS ASIA 

JS8 

BANP.BK 

BANPU50 

BANPU 

CMLT.SI 

CAPMALL TRUST 

C38U 

BAY.BK 

BANK OF AYUDHYA 

BAY 

CMDG.SI 

COMFORTDELGRO 

C52 

BBL.BK 

BANGKOK BANK 

BBL 

CTDM.SI 

CITY DEVT LTD 

C09 

BEC.BK 

BGH.BK 

BEC WORLD 

BKK DUSIT MED 

BEC 

BECL 

DBSM.SI 

FRNM.SI 

DBS GRP HLDGS 

FRASER & NEAVE 

D05 

F99 

SINGAPORE 

BIGC.BK 

BIG C SUPER 

BIGC 

GAGR.SI 

GOLDEN AGRI 

E5H 

CPALL.BK 

CP ALL 

CPALL 

GENS.SI 

GENTING SPORE 

G13 

CPF.BK 

CHAROEN 

CPF 

GLPL.SI 

GLOBAL LOG PROP 

MCO 

CPN.BK 

CENTRAL PAT 

CPN 

HKLD.SI 

HONGKONG LAND 

H78 

THAILAND 

DTAC.BK 

EGCO.BK 

TOTAL ACCESS 

ELECTRIC GEN 

DTAC 

EGCO 

IHHH.SI 

JARD.SI 

IHH HEALTHCARE BHD 

JARDINE MATH 400 

Q0F 

C07 

GLOW.BK 

GLOW ENERGY 

GLOW 

JCYC.SI 

JARDINE C&C 

J37 

INTUCH.BK 

SHIN CORP 

INTUCH 

JSH.SI 

JARDINE STR 5007 

BN4 

IRPC.BK 

IRPC 

IRPC 

KPLM.SI 

KEPPEL CORP 

N03 

IVL.BK 

INDORAMA VENT 

IVL 

NOBG.SI 

NOBLE GROUP 

N21 

KBAN.BK 

KASIKORNBANK 

KBANK 

OCBC.SI 

OCBC 

O39 

KTB.BK 

KRUNG THAI BANK 

KTB 

OLAM.SI 

OLAM INTER 

O32 

LH.BK 

LAND & HOUSE 

LH 

SCIL.SI 

SEMBCORP INDUST 

U96 

PTT.BK 

PTT 

PTT 

SCMN.SI 

SEMBCORP MARINE 

S51 

PTTE.BK 

PTT EXP & PROD 

PTTEP 

SGXL.SI 

SGX 

S68 

PTTGC.BK 

PTT GLOBAL CHE 

PTTGC 

SIAE.SI 

SIA ENGR 

S59 

RATC.BK 

RATCHABURI 

RATCH 

SIAL.SIL 

SIA LTD 

C6L 

SCB.BK 

SIAM COM BANK 

SCB 

SPRM.SI 

SPORE PRESS HLDG 

T39 

SCC.BK 

SIAM CEMENT 

SCC 

STAR.SI 

STARHUB 

CC3 

SCCC.BK 

SIAM CITY 

SCCC 

STEG.SI 

ST ENGRG 

S63 

TMB.BK 

TMB BANK 

TMB 

STEL.SI 

SINGTEL 

Z74 

TOP.BK 

THAI OIL 

TOP 

UOBH.SI 

UOB LTD 

U11 

TUF.BK 

THAI UNION FRO 

TUF 

WLIL.SI 

WILMAR INTL 

F34

ASEAN - The Stock Exchange of Thailand

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