SET News :SET rolls out 2017 plans gearing towards Thailand 4.0 with new industry, startup,…

SET rolls out 2017 plans gearing towards Thailand 4.0 with new industry, startup, digitalization


BANGKOK, November 23, 2016 – The Stock Exchange of Thailand (SET) announces its

strategic plan for 2017, driven by the vision “To Make the Capital Market ‘Work’

for Everyone.” To continue strengthening SET’s leading position in ASEAN,

boosting market growth in term of both fund mobilization and investment

activities and ensuring high quality standard in all operational platforms are

core missions. Meanwhile, SET aims to expand its fund raising coverage to

competitive s-curve industry, startup businesses, as well as strengthening Thai

aging society in term of wealth creation, reinforcing SET mission toward

inclusiveness and sustainable growth.


The goal is to develop the capital market for all stakeholders, while building

up the foundation for the Thai capital market, economy, society, and the country

in line with the government’s new economic model “Thailand 4.0.” A particular

focus will be put on seeking high competitiveness industries, while establishing

an ecosystem conducive for startup companies for fundraising.


SET and its partners aim to build an investment culture via digital platforms,

while promoting Investment Saving Plan (ISP) to allow Thais to get ready for an

upcoming aging society. While SET will continue to provide and develop excellent

infrastructure and capability in accordance with international practices,

Moreover, SET as regional connector will join Cambodia, Laos, Myanmar and

Vietnam (CLMV) to launch CLMV index to promote high potential businesses in the


SET Chairman Chaiyawat Wibulswasdi said that the capital market has been an

instrumental driving force for the economic development. In 2017, SET has thus

set a vision to continuously develop the capital market to ensure sustainable

and inclusive growth for all stakeholders. This would reinforce the government’s

“Thailand 4.0 economic model” to enhance Thailand’s economic competitiveness.

SET President Kesara Manchusree also elaborated that SET has set out the 2017

strategic goal to achieve sustainable and inclusive growth, covering three



1. Fund-raising Cultivator: to expand fundraising opportunities through various


– To attract newly listed securities focusing on Thailand’s competitive

industries and clusters such as food and energy, state-enterprises’

infrastructure funds and common stocks, as well as potential foreign listing,

while providing fund-raising knowledge to potentially high-growth small and

medium-sized enterprises and start-up companies

– To enhance the quality and capability of listed companies by facilitating

fundraising tools, as well as encouraging them to adopt the environment, social,

and governance (ESG) principles. In addition, SET will enhance capabilities of

social enterprises through various programs including “SET Social Impact

Platform” – an online platform to connect both businesses and investors for

collaborative synergy. It will also increase efforts to raise the international

recognition for listed firms through roadshows, “Dow Jones Sustainability

Indices” (DJSI), “MSCI Index”, and the upcoming “CLMV Index”.

– To build start-up ecosystem to strengthen the knowhow and readiness for

raising capital funds. In this regard, it plans to launch the start-up trading

platform in Q3/2017.

Overall, SET expects to increase market capitalization via initial public

offering (IPO) by THB 280 billion and through existing listed companies by THB

270 billion, totaling THB 550 billion. Following the above target, competitive

industries are expected to contribute 25 percent of new listing.

2. Investment Cultivator: to enhance investment and develop investment literacy

of stocks, mutual funds, and provident funds, through digital platforms.

– To foster an investment culture by creating a long-term investor base in

keeping with an aging society. In this regard, SET and its partners will promote

ISP through online application, while creating and an investment portal as a

knowledge hub for multi-asset class investment.

– To educate Thai people to diversify investment into provident funds and

encourage employers to provide employee’s choice schemes for provident funds

– To launch the “FundConnext”- a technology-enabled fund service platform

enabling investors to access mutual funds efficiently (March 2017). SET plans to

develop the platform to serve as a central registrar for mandatory provident


For this part of the strategy, SET targets to attract 110,000 retail investors

from equity and derivatives markets.


3. Excellent Infrastructure & Capability: to develop the capital market

infrastructure and standardize operational practices, as well as to bridge

investment opportunities with global market through digital platforms,


– To continuously develop infrastructure such as open architecture and cyber

security in line with international standards

– To standardize the clearing and settlement securities process, preparing for

the two business days clearing and settlement cycle of securities trading (T+2)

– To cooperate with other regional exchanges on foreign listing


“SET’s 2017 strategic plan will help create a new “S-curve” by facilitating new

competitive industry to gain easier access to capital funds and enhance

capabilities for start-up companies. This is in line with the government’s

policy to synergize efforts from the public and private sectors to enhance

Thailand’s sustainable development,” Chaiyawat commented.


In 2016, SET achieved key milestones and maintained its leading position in

ASEAN with SET index is best performer among ASEAN-5, up 15 percent at 1,485.68

points (as of November 22, 2016), the average daily trading value at THB 53.44

billion, being the highest in ASEAN for five consecutive years. Market

capitalization of new listing at initial public offerings totaled THB 136.66

billion, the highest among ASEAN5, while fundraising of listed companies from

secondary market was worth a combined THB 273.47 billion (as of end-October).

The combined market capitalization of SET and Market for Alternative Investment

(mai) rose 18 percent from the end of last year to THB 14.88 trillion, On the

quality aspect, 14 Thai listed companies have been included in the Dow Jones

Sustainability Indices (DJSI), highest among ASEAN, while the average corporate

governance (CG) of Thai listed companies from ASEAN CG Scorecard has been

constantly increased, showing that Thai listed companies have continued to

upgrade their CG practices.


“SET – The 5th Decade of Sustainable Wealth for Thais”


Source: The Stock Exchange of Thailand


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