February 27, 2024

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Stock Exchange of Thailand: Digitalisation Boosts Some Sectors in Country

As the pandemic has driven businesses in many industries to accelerate digitalisation, the most attractive investment trends for the post-pandemic era are innovation, technology, digital health, smart logistics and environmental social governance (ESG), the President of the Stock Exchange of Thailand (SET) said at the Thailand Focus 2021 virtual conference on recently.

Since the outbreak of Covid-19 erupted in early 2020, the adoption of digital technology has helped many firms adapt their operations to fit the changing economic environment in the new normal era and allowed them to better meet the needs of consumers whose behaviours have also drastically changed from the pre-Covid era.

In line with the changing demand for investments, the SET revised its listing rules two months ago to help new S-curve industries access more funds in the stock market. In doing so, the SET has adopted the market cap listing rules which allow these companies to list on the bourse without having to provide a track record of profits which is required by the general listing rules.

The exchange has also pledged to provide more support to small and medium-sized enterprises (SMEs) by setting up a trading platform specifically for SMEs in the near future. The SET’s Executive Vice-President stated that under the new criteria of listing rules, many new S-curve companies are expected to be listed on the market later this year and next year.

In addition to Thai companies, the SET also plans to attract more foreign companies to list on the Thai exchange by adjusting the current listing rules for the foreign firms to be more facilitative and encourage Thai investors to invest more in global products by accelerating the development of global products on the SET platform.

At the present, Thai investors can invest in Vietnamese stocks and other foreign stocks through depository receipts, foreign stock indices such as S&P 500 Index and the Hang Seng Index through derivative warrants, and Chinese stock indices through China exchange-traded funds.

The SET’s Senior Vice-President said investment in ESG companies will be another strong trend in the post-Covid era, as these firms have proven their strength amid the pandemic crisis. Companies with more transparent disclosure of information on human rights protection will be particularly more attractive than others in the future, he said.

The Thai capital market had recorded a huge outflow of THB263.15 billion in 2020 and THB105.4 billion on a year-to-date basis, as the Thai economy has been heavily impacted by the prolonged slump in tourism which contributed to a big portion of Thailand’s GDP.

Representatives from the Ministry of Finance and the Public Health Ministry said Thailand should be able to achieve the vaccination target and create herd immunity in the country within this year. If the target is achieved, Thailand can expect to attract 10 million tourists next year.

In early August 2021, the ASEAN Academy of a major China-based tech company hosted the “Technology Seeker vs Competence Development Workshop” in cooperation with the Eastern Economic Corridor Office (EECO) and Burapha University.

The online workshop aimed to share the tech firm’s breakthrough technologies to accompany the digitalisation of the industrial sector and to consolidate knowledge and information for creating demand-driven training courses that enhance skills of ICT talents and so support targeted industries in the Eastern Economic Corridor (EEC).

The seminar gathered together top executives and entrepreneurs from EEC-based companies, SMEs and start-ups interested in technology adoption in industries that can foster economic growth and the country’s competitiveness.

It was noted that the Academy’s goal is to build a healthy digital ecosystem in the EEC and the country by cultivating 30,000 digital talents within the next three years. The tech firm aims to continue driving Thailand to become the region’s digital hub, increasing the country’s competitiveness, and building a sustainable economy and society.

Initiatives across multiple, and in collaboration with multiple industry and educational partners will help ensure Thailand’s future as a global tech hub and as a region of I&T innovation abundant with talent.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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