Bangkok: The Stock Exchange of Thailand (SET) is ramping up its Jump+ initiative to enhance the appeal of Thai stocks, with an optimistic outlook that the government will spearhead major projects, foster foreign investment, and develop products that cater to evolving investor behaviors. The capital market sector suggests that Thai stocks are currently priced attractively and urges the government to take decisive steps in restructuring the capital market.
According to Thai News Agency, during the ‘Dailynews Talk 2025: Awakening the Charm of Stocks and Cryptocurrencies in the Second Half of 2025’ seminar, Mr. Asadej Kongsiri, Director and Managing Director of SET, emphasized the enduring allure of the Thai stock market. He noted that while many companies have growth potential, there is a need for in-depth data analysis. Revitalizing investment, particularly in national infrastructure, is deemed crucial, with foreign investors eyeing progress on projects like the Land Bridge and high-speed rail initiatives.
The Jump+ project is a key endeavor by SET, designed to help listed companies plan and communicate investment strategies, thereby enhancing the attractiveness of Thai stocks. Companies are encouraged to set clear investment goals for the next three years and transparently report progress to investors.
SET is also exploring investment alternatives, such as Depository Receipts (DRs), and is committed to updating regulations to align with the evolving capital market. Monitoring capital market behaviors, such as the illegal practice of short selling, is a priority, with SET collaborating with the SEC to strengthen investor confidence.
Mr. Paiboon Nalinthrangkura, President of the Investment Analysts Association, highlighted the Thai stock market’s current attractiveness, noting that 60-70% of stocks are undervalued. He stressed the government’s increased focus on the capital market as a driver of economic growth, urging the implementation of clear policies to attract investments, including data centers.
Mr. Songpol Chivapanyarot, Secretary-General of the Government Pension Fund, discussed the GPF’s investment strategy, which aims to outpace inflation and considers global securities with appealing prices and dividends. Despite minimal changes in the Thai capital market over the past two decades, the GPF remains confident in its growth potential.
Dr. Niwet Meewachirawarakorn, a value stock investment expert, identified three factors impacting Thai stocks’ growth: demographic shifts, low salaries despite technological advancements, and the pivotal role of government in economic development. Addressing these factors could enhance the efficiency and prosperity of the Thai market.