The Stock Exchange of Thailand (SET) has announced plans to advance the digital capital market alongside the traditional capital market to create more opportunities for businesses of all sizes to raise funds. With ambitions of becoming a prominent regional stock exchange, the SET is determined to support all stakeholders, as stated by president Pakorn Peetathawatchai.
Operating nearly 50 years, the SET envisions itself as a platform catering to the needs of all investors under the “Make it Work for Every Future” concept. Its goal is to develop products and services that drive long-term sustainable growth for businesses and the economy while ensuring environmental equilibrium and social stability.
Thailand’s aspiration to evolve into a regional financial center open to foreign companies for fundraising is a key objective. The SET also facilitates Thai investment in foreign markets through depositary receipts and exchange-traded funds.
Currently, more than 30 foreign companies, mostly Japanese subsidiaries, enlist on the Thai stock market for fundraising. President Pakorn foresees an increase in foreign companies fundraising in Thailand as part of their strategic plans.
Although the Thai index experienced substantial declines this year, signs of recovery are emerging with the revival of domestic and global economies. Anticipated distribution of the fiscal 2024 budget is expected to spur economic growth, according to Mr. Pakorn.
Outlined in its strategic goals, the SET aims to establish itself as a regional exchange and international hub while supporting fundraising for local and multinational firms, alongside facilitating global investment opportunities for local investors. It seeks to accommodate businesses of all scales, including foreign entities in Thailand, new economy ventures, SMEs, and startups.
Transitioning to digital platforms to engage modern investors while upholding the traditional market framework is also part of the SET’s vision. By leveraging artificial intelligence, the SET plans to enhance operational efficiency, regulatory supervision, and customize services to meet investor preferences.
Lastly, the SET remains focused on sustainability trends and regulatory challenges addressing climate crisis, biodiversity, and human rights. With over 850 listed companies and a market capitalization of 17.4 trillion baht (US$480 billion), investor participation continues to grow steadily.
