Bangkok: The chairman of the Stock Exchange of Thailand (SET) revealed that he is studying to add a New Economy trading board. Professor Emeritus Kittipong Urapipatanapong, Chairman of the SET, expressed his satisfaction with the exchange's performance over the past year, emphasizing efforts to enhance the capital market's stability. He noted that share buybacks have contributed to increased stock value and disclosed ongoing studies to create a New Economy trading board to attract foreign investment in Thailand. The goal is to increase the number of listed companies and encourage mergers among securities firms.
According to Thai News Agency, Professor Urapipatanapong spoke at the 'Meet the Press' event, where he highlighted his role in stabilizing the Thai capital market since completing his first year in the position on May 15, 2025. He stated that the SET Index has remained stable at 1,100-1,200 points, with stock prices maintaining a favorable level. Looking forward, he aims to introduce new products and industry groups, increase the number of listed companies, and establish additional trading boards beyond the SET to diversify foreign company involvement. Deputy Prime Minister and Minister of Finance, Pichai Chunhavajira, emphasized the importance of attracting technology firms and startups to register in Thailand to boost economic growth.
With approximately 200,000 companies in Thailand, only about 800 are currently registered, highlighting the potential for growth. Professor Urapipatanapong envisions increasing this number with support from government agencies and tax incentives. The proposed New Economy trading board, which is under study, aims to cater to new industries and attract innovative enterprises.
The chairman also addressed the current landscape of securities companies, suggesting that the existing 39 firms could benefit from mergers to strengthen their operations. As online trading gains popularity, securities companies may need to focus more on providing research and advisory services. Incentive measures to encourage mergers are being considered, with the SEC showing agreement.
Share buybacks, or Treasury Stock, have proven beneficial, leading to increased stock value and better returns. In the first four months of this year, 37 companies repurchased shares, reaching a total buyback value equivalent to the entire year of 2024.