News Detail

08 Jan 2021 18:25:00
SET News :SET rolls out 3-year strategic plan, gearing towards the 'Next Normal' with more innovations for positive impacts on society and environment
Full Detailed News
Download Full Detailed News
                                                                         SET News 01/2021
                                                             January 8, 2021

SET rolls out 3-year strategic plan, gearing towards the 'Next Normal' with more
 innovations for positive impacts on society and environment
BANGKOK, January 8, 2021 - The Stock Exchange of Thailand (SET) announces the  
3-year strategic plan  (2021-2023) under a theme of the "Redefine Thai Capital
Market Resiliency," aiming at integrating innovation and maximizing efficiency
to all participants in the Thai capital market. The plan comprises 8 key
strategies under the sustainability framework, covering 4 areas: 1) Market
growth through supply-side opportunity boost and rapid investor expansion; 2)
Infrastructure expansion through building engagement and venturing new
frontiers; 3) Environmental and social development through ESG cultivation and
social empowerment; and 4) Continuous improvement & talent empowerment through
business scalability and operational excellence. The 3-year plan will be the
main tool for implementing strategies to increase business opportunity for the
overall capital market as well as create substantial positive social and
environmental impacts to achieve a balanced growth between business and society.
SET President Pakorn Peetathawatchai said that SET has transitioned to the 'Next
Normal,' by tailoring products to serve the investors' needs and acting as a
key fundraising source for the country to navigate the VUCA (Volatility,
Uncertainty, Complexity and Ambiguity) world. The SET's 3-year development
framework is aimed to create balanced growth between social and business
development to get the market ready for the rapidly changing digital technology,
dynamic economic, and social and environmental landscapes. The framework is
also to make the capital market a beneficial tool to all stakeholders, in line
with  SET's vision  "To Make the Capital Market 'Work' for Everyone."
The four Pillars of Sustainability Framework comprising 8 key strategies:

1.    Market Growth
1.1) Boost supply-side opportunities: support fundraising for new business 
ventures such as new economy, foreign securities, subsidiaries of listed
companies, SMEs, and startups in a way that suits their risks and type of
investors while promoting data utilization to foster business innovation.
1.2) Rapid investor expansion: prioritize the adoption of digital technology to 
develop investment channels and contents, and enhance knowledge to attract new
generation investors and enable them to access necessary knowledge, open their
trading accounts and start their investment quickly and conveniently. The SET
will also create new investment channels to reach a more diverse and wider group
of investors  as well as promoting the Thai capital market to international
communities through online channels and offering thematic products and services
to match  institutional investors' needs.

2.    Infrastructure expansion
2.1)Building engagement: develop infrastructure for listed companies and 
in the capital market, build a business data platform, promote ESG reporting, 
address  regulatory obstacles and explore appropriate trading  fees structure to
 increase business potential and operational efficiency of  business operators.

2.2) Venturing new frontiers: develop digital infrastructure for the Thai  
market, add products  with international exposure and provide a digital asset
platform to widen business opportunities and revenue streams to the capital
market's operators while offering new investment alternatives to investors.

      3.  Environmental solutions & Social Development
3.1) ESG cultivation: encourage listed companies to integrate environmental, 
social and governance (ESG) principles into their business practices to attain
sustainable investment and maintain the regional leadership in ESG.  In
addition, SET has partnered with alliances to raise environmental awareness in
tackling climate change through 'Care the Bear Care the Whale' and 'Care the
Wild' projects.
3.2)Social empowerment: set sight on  becoming the country's financial literacy 
center by providing the public with basic financial skills in day-to-day  life.
Moreover, SET  plans to develop a capital market research platform, and bolster
potential  and capture more business opportunities for social enterprises
through Social digital platform.

4.  Continuous improvement & Talent empowerment
4.1) Business scalability: upgrade securities trading system and cyber security 
to be consistent with international standards and relevant laws, as well as
collaborate with partners to launch a one-stop service to serve needs of
businesses and investors.

4.2) Operational excellence: deploy technology to maximize operational 
efficiency, streamline operational processes by adopting the Robotic Process
Automation (RPA) technology, focus on risk and crisis management and
communications, level up  employee potential and build a working environment
that suits the new normal.

Key developments and achievements in 2020

On the business aspect:
-    Market capitalization of new listing at initial public offerings (IPO) totaled
THB 555 billion (approx. USD 18.44 billion), the 8th biggest IPO market in the
world and the 2nd spot in Asia. Moreover, SET Group topped ASEAN's IPO league
table for a second-straight year (Asia's 2nd ranking and ASEAN's top IPO market
excluded cross-border products). Central Retail Corporation pcl (CRC) marked
Thailand's largest-ever fund-raising deal and the world's second-largest IPO in
the retail industry.

?        SET has been the most liquid stock market  in ASEAN since 2012. In 
2020, there were 22 trading days with daily trading value exceeding THB 100
billion, and the year's highest  trading value amounted to THB 170 billion while
 SET's  average daily trading value was at THB 67.33 billion.

-    TFEX recorded an average daily trading volume of over 494,000 contracts, 
coming in  the 26th rank in the world.

-    The number of trading accounts rose by 662,678 accounts from end-2019 to 3.43 
million accounts. (as of November, 2020).

-    Regulations, such as market disruption  and  circuit breaker measures, have 
been tweaked to cope with  market volatility.

-    Services have been further upgraded to fully digitized through e-Proxy, 
e-Meeting and e-Conference services.

-    Additional  products and services linked to the global market, such as S&P500 
DW, Hang Seng China Enterprises Index (HSCEI) DW, Silver Online Futures, and
Japanese Rubber Futures, were launched.

-    SET has collaborated with tech companies to develop financial innovation 
including M-DAQ,  the real-time prices of SET50 Index's constituents showed  in
10 different foreign currencies;  and the end-to-end digital asset platform
under partnership with KBTG.

-    SET has provided more investment opportunities through new channels, such as a
partnership with 16 financial service providers to launch "Point to Invest"
project, a credit card point redemption for mutual funds' unit; and a
collaboration with Ascend Money Co., Ltd. to offer  "Start Invest" scheme, a
mutual fund account opening and trading service through True Money Wallet which
has over 15 million users.

-    SET has made a shift to working from home as a new way of working, and has 
launched measures to relieve the impacts of the Covid-19 outbreak, as well as
has implemented effective internal communications with employees.

On the quality aspect:

-    21 Thai listed companies have been included in the Dow Jones Sustainability 
Indices (DJSI), the highest among ASEAN, while 7 Thai listed companies gained
the world's highest scores in 7 industrial groups.
-    SET has upgraded its LiVE platform to become a hub to unlock potential of SMEs
 and startups for solid and sustainable growth  in all aspects.

-    SET is well-positioned to follow the Personal Information Protection Act 
(PDPA) guidelines and improve the industrial standards of cyber security under
the PDPA and ISO27701.

-    SET, in close collaboration with its alliances, has continuously tackled 
global warming through 'Care the Wild' project, a platform to expand forest
areas in compliance with good governance principles regarding information
disclosure to monitor, learn, and nurture. 'Care the Wild' is the project
extended from 'Care the Bear' and 'Care the Whale'.


                                      "SET...Make it Work for Everyone"
                                          Follow us on Twitter @SET_Thailand_EN