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08 Jan 2018 19:50:00
SET News :SET begins 2018 with "Innovation & Sustainable Growth" strategy to retain ASEAN leadership
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   SET News 3/2018

          January 8, 2018

SET begins 2018 with "Innovation & Sustainable Growth" strategy to retain ASEAN 

BANGKOK, January 8, 2018 - The Stock Exchange of Thailand (SET)'s three-year 
strategic plan (2018-2020) has been conceived under the theme of "Towards
Sustainable Growth with Innovation" in order to make innovations a key drive for
the Thai capital market to grow sustainably and to make the capital market
works for everyone, while retaining its leadership in ASEAN.

The plan is in line with the Capital Market Development Plan and the 
government's policies, through three strategies: 1) Strengthen core exchange
business with quality by expanding the number of quality domestic and overseas
SET-listed firms while promoting investment culture via digital platform to
provide easier access to knowledge and encourage long-term savings to
accommodate Thailand's aging society; 2: Create business opportunities for
long-term growth through the promotion of investment in startups and SMEs in
order to help them gain better access to funding through the innovative LiVE
platform while connecting fund-raising with investment in CLMV; and 3: Enhance
infrastructure to boost the capital market' competitive capabilities at
international level amidst ever-changing environment and technology disruption.

SET Chairman Chaiyawat Wibulswasdi stated that developing the capital market to 
benefit all groups and to grow side by side with the economic growth, the
society and country are the SET's core principle, while focusing firmly on being
the role model for sustainable development with innovations, in accordance with
our "Towards Sustainable Growth with Innovation" strategy (2018-2020).
Specifically, the 2018 plan will focus on the utilization of innovations to
achieve sustainability ? a challenging factor in the digital era when innovation
and technology are playing an increasingly important role in daily's lives.
Besides, the SET plans to further implement the organizational strategic plan to
support the latest Capital Market Development Plan to ultimately accelerate the
 country's economy.

SET President Kesara Manchusree said that SET has been growing so strongly over 
the past years as the top market in ASEAN in terms of liquidity and quality of
listed companies, while we have continuously educated investors. In the
investment environment where more choices and technological advancements are
available, this is considered a crucial moment for SET to groom ourselves for
the future. In 2018, SET will put an emphasis on the development of the Thai
capital market with innovation and new technology to make it grow with quality
and sustainability over the long term while being able to compete effectively on
the international stage, catering to all demands, serving investors and listed
companies more efficiently and securing the leadership in ASEAN. All of these
will be achieved through the three key strategies set for 2018, embracing the
strengthening of core exchange business with quality, the creation of business
opportunities for long-term growth, and the enhancement of infrastructure and
capability of the capital market.

1) Strengthen core exchange business with quality
-    Encouraging quality domestic and foreign companies to list on SET while 
offering them intensive program prior to the listing
-    Introducing measures by grouping listed firms with deteriorating business 
conditions in order to alert investors and increase their investment confidence.
-    Pushing for any regulatory amendment to get rid of obstacles faced by 
institutional investors in order to facilitate their investment on equity and
derivatives markets
-    Collaborating with capital market-related organizations to promote investment 
culture through the dollar-cost averaging (DCA) technique culture for both
stocks and mutual funds by developing tools and channels on the digital platform
so as to enhance service efficiency for investors to conveniently access
information and long-term investment channels, preparing for Thailand's aging
-    Supporting the work of intermediary institutions through the development of 
their potential and the increase of personnel through educational programs for
professionals in the capital market, commercial banks and insurance industry.
-    Continuously strengthening the capital market among foreign investors in the 
form of  digital roadshows
-    Boosting liquidity of existing products while adding new equity and 
derivatives products to the market
-    Developing the Thai capital market to be more recognized on the international 
stage by hosting the Association of Futures Market (AFM) conference

In 2018, SET aims to boost market cap to THB 550 billion or approx. USD 16.67 
billion (through listed companies' capital increase and IPOs) and to increase
the number of listed companies that will be included in such
internationally-recognized indices as MSCI and DJSI, as well as to enhance the
efficiency of the regulatory process for listed companies, by the grouping of
listed firms with deteriorating business conditions in order to alert investors
and increase their investment confidence, to be completed in Q2/2018.

2) Create business opportunities for long-term growth
-    Introducing new business opportunities to startups and SMEs via the LiVE 
platform to create awareness among investors while by equipping these firms with
 financial knowledge
-    Setting up the Corporate Venture Capital (CVC) investing in both local and 
overseas startups and SMEs
-    Acting as a regional source of funding through the G2G arrangements with the 
public sector in order to help connect fund-raising and investment in CLMV
countries through the Thai capital market.  This can be successfully carried out
through the feasibility studies for the development of post-trade processing
system and the support for Thai and foreign investors to make investment in CLMV
 via the Thai capital market

The goal for 2018 is to have 100 startups and SMEs registered on the LiVE 
platform with investment value of over THB 100 million, while developing an
application to create an information center for the renewal of professional
licensing, as well as promoting the Thai capital market products in CLMV.

3) Enhance infrastructure & capability
-    Preparing for the implementation of T+2 settlement cycle from March 2, 2018 
-    Extending of payment and settlement service of the Fund Connext platform to 
enable investors to invest in a variety of mutual funds conveniently and fast.
-    Developing FinNet as the intermediary of settlement in the capital market in 
order to enhance the efficiency and for greater convenience.
-    Preparing for the Financial Sector Assessment Program (FSAP) with 
collaboration from the Securities and Exchange Commission while working on
efficiency enhancement of the risk management in accordance with the COSO new
-    Boosting the efficiency of the IT system to meet international standards by 
working with all alliances to apply the Blockchain technology to improve service
 efficiency for investors and listed companies
-    Developing the potential of personnel of SET and the capital market to grow 
together while instilling organization-wide culture of innovation and expanding
it to capital market stakeholders

For 2018, SET aims to offer the IT security standards (ISO 27001) to cover main 
systems within three years and to get ready for the introduction of the T+2
settlement cycle on March 2, while expanding the FundConnext customer base to
include 30 other asset management companies and selling agents, as well as to
launch the FinNet service with the intra-bank payment system on February 12.

Summary of key developments and achievements in 2017

SET continues to stand out in the region, both qualitatively and quantitatively.

-    33 Thai listed companies have been selected as components of the MSCI Standard
Index, with the addition of Thailand's listed-companies noted as the highest in
 ASEAN for five consecutive years.
-    17 Thai-listed companies selected as components of the 2017 Dow Jones 
Sustainability Indices (DJSI) ? the highest number in ASEAN.
-    SET ranked 10th out of 55 global stock exchanges for the sustainability 
disclosure reports of Thai listed companies, according to the annual research
report "Measuring Sustainability Disclosure: Ranking the World's Stock
Exchanges" in 2017 by Corporate Knights and AVIVA.
-    Eight Thai-listed companies were awarded 11 IR Magazine Awards for recognition
of their investor relations programs in 2017, the most number of award-winning
listed companies in ASEAN region for the second consecutive year.
-    SET received the Best Sustainable Securities Exchange Southeast Asia Emerging 
Markets 2017 award by London-based Capital Finance International (
-    SET was named the second runner-up in the Green Office category from ASEAN 
Energy Awards 2017 and won the outstanding Green Office Award (Gold Level) by
the 2017 Green Office project, as well as the outstanding Energy Conservation
award under New and Existing Building category from Thailand Energy Awards 2017.

-    The SET Index ended 2017 at 1,753.71 points, up 210.77 points or 13.66 percent
 from the end of 2016.
-    The combined market cap of the SET and mai recorded at THB 17.92 trillion 
(approx. USD 543 billion) at the end of 2017, up 15.62 percent from the end of
-    SET's liquidity has ranked number-one in ASEAN since 2012 with an average 
daily trading value of THB 50.11 billion.
-    The combined market value of new IPOs was the highest in ASEAN-5, at THB 
426.35 billion.
-     Listed companies' capital increase (from secondary offering) totaled THB 
215.8 billion (US$6.28 billion).
-    The derivatives average daily trading volume totaled 323,732 contracts.
-    The combined number of new accounts on equity and the derivatives markets 
totaled 148,976 accounts.

                                            "SET... Make it Work for Everyone"