Bangkok: The Stock Exchange of Thailand (SET) is intensifying its efforts to enhance the attractiveness of Thai stocks through its Jump+ plan, aiming to encourage government-led large projects, attract foreign investment, and adapt to the evolving behaviors of new investors. The capital market sector highlights the appealing valuation of Thai stocks and urges the government to take decisive action in restructuring the capital market.
According to Thai News Agency, during a seminar titled ‘Dailynews Talk 2025: Awakening the Charm of Stocks and Cryptocurrencies in the Second Half of 2025’, Mr. Asadej Kongsiri, Director and Managing Director of SET, emphasized that the allure of the Thai stock market remains strong. He noted that many companies are poised for growth, provided they delve deeper into data analysis. The return of investment, especially in government infrastructure projects, is deemed crucial for stimulating confidence. Key projects like the Land Bridge and high-speed rail are among those anticipated by foreign investors.
SET’s Jump+ project is set to enable listed companies to formulate investment plans for the next three years, outlining their business value additions. Companies are encouraged to regularly update investors on their progress to enhance the appeal of Thai stocks. Efforts are also underway to provide investment alternatives, such as Depositary Receipts (DRs), and update regulations in response to the evolving capital market landscape.
Furthermore, there is a focus on attracting new businesses to the capital market, potentially with special accounting rules to safeguard investors. Discussions with the Board of Investment (BOI) are ongoing to facilitate the registration of these businesses in the stock market, particularly if foreign investors show interest in Thailand.
Mr. Paiboon Nalinthrangkura, President of the Investment Analysts Association (IAA), noted that despite the Thai stock market’s challenges over the past few years, there remains significant potential. A majority of stocks are trading below their fundamental value, and the current government places greater emphasis on the capital market compared to previous administrations. A clear plan and government policies could enhance investment opportunities, such as in data centers, potentially pushing the SET Index to reach 1,800 points.
Mr. Songpol Chivapanyarot, Secretary-General of the Government Pension Fund (GPF), shared that the GPF is focused on managing investments to surpass inflation while considering the broader economy. The GPF is committed to long-term investments, exploring global securities with attractive valuations and strong dividends, although the Thai capital market has shown limited change over the past two decades.
Dr. Niwet Meewachirawarakorn, an expert in value stock investment, identified key challenges such as demographic shifts, low salaries despite technological advancements, and the role of government in economic development. Enhancing the efficiency of the Thai workforce, particularly through language skills, is crucial for growth.