The Thai stock market aims to be the main fundraising venue in ASEAN, revealing listed companies are recovering. There is an increase in foreign investment income of 30-40 percent after COVID-19 subsides.
Mr. Phakorn Peetathawatchai, Director and Manager The Stock Exchange of Thailand (SET) said in the topic “Developing the Thai capital market to accept new challenges” in the seminar Thailand Economic Outlook 2024: Change The Future Today organized by Krungthep Thurakit newspaper said Thai listed companies are recovering better after COVID-19 problems. With income from investing abroad growing at 30-40 percent, it is considered that Thai listed companies have potential. and Thai listed companies Focus on caring for the environment Good governance is a leader in ESG on the global stage, with 12 companies, the most in the world. to support world trends
The Thai stock market is also the leading source of IPO fundraising in ASEAN. Therefore causing the Thai stock market There is a total market value of 20 trillion baht at present and in the next 10 years it will grow continuously. They also need to promote fundraising for startups and SMEs. In the past 1 year, 3 private companies raised funds through the Live Platform, raising more than 100 million baht, with a market value of approximately 1.25 billion baht. And there is also an important MAI market. Stock Exchange Must work proactively Raise the level of selection of quality listed companies to distribute shares. To build confidence for investors Notification of listed companies' information more quickly for investors to make investment decisions Investor Alert When abnormalities occur quickly and increase convenience for companies to register Come to raise more funds on the stock exchange.
For the global capital market atmosphere during this period Admittedly, there is a lot of volatility. from the factor of higher inflation Oil prices remain high. This has caused central banks around the world to increase interest rates to control inflation. As for the Thai stock market, there are still factors including politics and the depreciation of the baht. to affect investment As a result, the trading value in the Thai stock market from the beginning of 2023 to the present has decreased to an average of 60 billion baht per day from 2022, an average of 77 billion baht per day. As for foreign capital Admittedly, there is still an outflow of 5-6 billion USD from the Thai stock market from last year, representing an inflow of more than 8-9 billion USD in investment. It is considered that foreign investment is a huge pressure on the Thai capital market. Therefore, various aspects must be developed. During the last curve of this year To build confidence in investing in the Thai stock market.
Source: Thai News Agency