HKCE01 - DR on Hang Seng China Enterprises Index ETF (2828)

HKCE01 - DR on Hang Seng China Enterprises Index ETF (2828)

DR on Hang Seng China Enterprises Index ETF (2828) | 24.30 *

DR on Hang Seng China Enterprises Index ETF (2828) | 24.30 *

Data as of 19 June 2025 at 03:00 PM (15-minute delayed)

* Foreign stock markets of the underlying securities are closed.

The iNAV price of Depositary Receipt (DR), which has ETF as the underlying securities, is an estimated price reflecting the value of the DR. The calculation of iNAV is derived from the latest value of the underlying securities announced by the ETF issuer (which could be displayed later than the actual data around 15 minutes in some countries).

In practical, the market makers may not be able to place bid/ask price at the iNAV level due to the difference between the bid/ask spread of the underlying securities and iNAV calculated as abovementioned, the limited liquidity for trading or the occurrence of relevant transaction costs.

In addition, the iNAV and the bid/ask spread calculation by the market makers comply with the same principle as other ETFs listed on the Stock Exchange of Thailand.

Remark

1) iNAV is not the bid/ask price of DR, but it is an indicative net asset value (NAV) per unit during the day, which is calculated from the exchange rate between Thai Baht and trading foreign currency of the ETFs listed in foreign securities exchanges.

2) Bualuang Securities Public Company Limited (“Bualuang Securities”) does not guarantee that the bid/ask price of DR will align with iNAV. Such incident may arise when the numbers of DR held by Bualuang Securities are insufficient to provide liquidity or when the foreign securities exchange is closed or any other circumstances.

iNAV Price Table of DR HKCE01 which has Hang Seng China Enterprises Index ETF (2828) as an underlying asset (Unit: Baht)

iNAV Price Table of DR HKCE01 which has Hang Seng China Enterprises Index ETF (2828) as an underlying asset (Unit: Baht)
iNAV (HKD) Exchange Rate HKD/THB (THB)
3.95 4 4.05 4.1 4.15 4.2 4.25 4.3 4.35 4.4 4.45
85.5 22.51500 22.80000 23.08500 23.37000 23.65500 23.94000 24.22500 24.51000 24.79500 25.08000 25.36500
85.6 22.54100 22.82700 23.11200 23.39700 23.68300 23.96800 24.25300 24.53900 24.82400 25.10900 25.39500
85.7 22.56800 22.85300 23.13900 23.42500 23.71000 23.99600 24.28200 24.56700 24.85300 25.13900 25.42400
85.8 22.59400 22.88000 23.16600 23.45200 23.73800 24.02400 24.31000 24.59600 24.88200 25.16800 25.45400
85.9 22.62000 22.90700 23.19300 23.47900 23.76600 24.05200 24.33800 24.62500 24.91100 25.19700 25.48400
86 22.64700 22.93300 23.22000 23.50700 23.79300 24.08000 24.36700 24.65300 24.94000 25.22700 25.51300
86.1 22.67300 22.96000 23.24700 23.53400 23.82100 24.10800 24.39500 24.68200 24.96900 25.25600 25.54300
86.2 22.69900 22.98700 23.27400 23.56100 23.84900 24.13600 24.42300 24.71100 24.99800 25.28500 25.57300
86.3 22.72600 23.01300 23.30100 23.58900 23.87600 24.16400 24.45200 24.73900 25.02700 25.31500 25.60200
86.4 22.75200 23.04000 23.32800 23.61600 23.90400 24.19200 24.48000 24.76800 25.05600 25.34400 25.63200
86.5 22.77800 23.06700 23.35500 23.64300 23.93200 24.22000 24.50800 24.79700 25.08500 25.37300 25.66200
86.6 22.80500 23.09300 23.38200 23.67100 23.95900 24.24800 24.53700 24.82500 25.11400 25.40300 25.69100
86.7 22.83100 23.12000 23.40900 23.69800 23.98700 24.27600 24.56500 24.85400 25.14300 25.43200 25.72100
86.8 22.85700 23.14700 23.43600 23.72500 24.01500 24.30400 24.59300 24.88300 25.17200 25.46100 25.75100
86.9 22.88400 23.17300 23.46300 23.75300 24.04200 24.33200 24.62200 24.91100 25.20100 25.49100 25.78000
87 22.91000 23.20000 23.49000 23.78000 24.07000 24.36000 24.65000 24.94000 25.23000 25.52000 25.81000
87.1 22.93600 23.22700 23.51700 23.80700 24.09800 24.38800 24.67800 24.96900 25.25900 25.54900 25.84000
87.2 22.96300 23.25300 23.54400 23.83500 24.12500 24.41600 24.70700 24.99700 25.28800 25.57900 25.86900
87.3 22.98900 23.28000 23.57100 23.86200 24.15300 24.44400 24.73500 25.02600 25.31700 25.60800 25.89900
87.4 23.01500 23.30700 23.59800 23.88900 24.18100 24.47200 24.76300 25.05500 25.34600 25.63700 25.92900
87.5 23.04200 23.33300 23.62500 23.91700 24.20800 24.50000 24.79200 25.08300 25.37500 25.66700 25.95800
87.6 23.06800 23.36000 23.65200 23.94400 24.23600 24.52800 24.82000 25.11200 25.40400 25.69600 25.98800
87.7 23.09400 23.38700 23.67900 23.97100 24.26400 24.55600 24.84800 25.14100 25.43300 25.72500 26.01800
87.8 23.12100 23.41300 23.70600 23.99900 24.29100 24.58400 24.87700 25.16900 25.46200 25.75500 26.04700
87.9 23.14700 23.44000 23.73300 24.02600 24.31900 24.61200 24.90500 25.19800 25.49100 25.78400 26.07700
88 23.17300 23.46700 23.76000 24.05300 24.34700 24.64000 24.93300 25.22700 25.52000 25.81300 26.10700
88.1 23.20000 23.49300 23.78700 24.08100 24.37400 24.66800 24.96200 25.25500 25.54900 25.84300 26.13600
88.2 23.22600 23.52000 23.81400 24.10800 24.40200 24.69600 24.99000 25.28400 25.57800 25.87200 26.16600
88.3 23.25200 23.54700 23.84100 24.13500 24.43000 24.72400 25.01800 25.31300 25.60700 25.90100 26.19600
88.4 23.27900 23.57300 23.86800 24.16300 24.45700 24.75200 25.04700 25.34100 25.63600 25.93100 26.22500
88.5 23.30500 23.60000 23.89500 24.19000 24.48500 24.78000 25.07500 25.37000 25.66500 25.96000 26.25500

HKCE01 is depositary receipt (DR) with underlying asset that is Hang Seng China Enterprises Index ETF, an ETF listed on Hong Kong stock exchange with the symbol 2828. This ETF tracks the Hang Seng China Enterprises Index, one of the flagship indices in Hong Kong, comprising the Hang Seng, Hang Seng China Enterprises, and Hang Seng TECH.

The price of HKCE01 tends to move along with the price of 2828 ETF in the long term. The suitable time for investing in HKCE01 is when both Thai and Hong Kong stock exchanges are open, which is from 10:00 a.m. - 11:00 a.m. and 12:00 p.m. - 3:00 p.m. Thailand time.

The Hang Seng China Enterprises Index ETF is the second largest and most liquid ETF in the Hong Kong stock exchange (after the Tracker Fund of Hong Kong, which is the underlying asset of DR HK01). It is managed by Hang Seng Investment Management, the top asset management firm in Hong Kong in terms of assets under management.

Compared to the Hang Seng Index, the Hang Seng China Enterprises has a stronger focus on Chinese companies listed on the Hong Kong stock exchange and consists of 50 constituents, including leading companies like Tencent (0700), Alibaba (9988), and China Mobile (0941).

Since its establishment in 1994, the Hang Seng China Enterprises Index has shifted its focus from predominantly old economy stocks in sectors like finance and energy to encompass almost half of new economy stocks, including technology and healthcare. This represents an interesting development for the index. Additionally, the index has implemented a "Fast Entry" mechanism to quickly include large-cap stocks that have recently gone public in the Hong Kong stock market, allowing investors to capture new investment opportunities promptly.

DR Issuer
Bualuang Securities PCL.
DR Symbol
HKCE01
DR Ratio
1 Underlying : 15 DRs
DR’s First Trading Day
16 November 2023
Underlying Asset
Hang Seng China Enterprises Index ETF (2828)
Type of Underlying Asset
Exchange Traded Fund (ETF)
Listing Exchange
Hong Kong Stock Exchange
Hong Kong Stock Exchange
HKD 56.82 (Approximately THB 255.7)
Market Capitalization of Underlying Asset
HKD 23,993.8 mn (Approximately THB 0.11 tn)
Dividend Policy of Underlying Asset
Approximately twice a year
Management Fee
Approximately 0.55% per annum
Benchmark Index
Hang Seng China Enterprises Index
Index Rebalance Frequency
Quarterly
Estimated 2024 FY P/E Ratio of Benchmark Index
7.9 times
Tracking Error (trailing 1-year)
0.09%
Issuer’s Website of Underlying Asset
Sources: HSVM, Bloomberg as of 5/1/2024
Exchange rate of HKD 1 = THB 4.50

Date
Holiday Name
January 1, 2025
New Year’s Day
January 28, 2025
Eve of Lunar New Year (Half Day Trading)
January 29, 2025
Lunar New Year′s Day
January 30, 2025
The second day of Lunar New Year
January 31, 2025
The third day of Lunar New Year
April 4, 2025
Ching Ming Festival
April 18, 2025
Good Friday
April 21, 20255
Easter Monday
May 1, 2025
Labor Day
May 5, 2025
The Birthday of the Buddha
July 1, 2025
Hong Kong Special Administrative Region Establishment Day
October 1, 2025
National Day
October 7, 2025
The Day following the Chinese Mid-Autumn Festivaly
October 29, 2025
Chung Yeung Festival
December 24, 2025
Eve of Christmas Day (Half Day Trading)
December 25, 2025
Christmas Day
December 26, 2025
The first weekday after Christmas Day
December 31, 2025
Eve of New Year (Half Day Trading)
**Source: Bloomberg as of 14/10/2025
Please be informed that during Hong Kong Stock Exchange’s closing period,
DR HKCE01 may have less liquidity than when Hong Kong and Thai Stock Exchange open at the same time.