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30 Annual Report 2012
Throughout 2012, The Stock Exchange of Thailand (SET) committed to operate proactively to continually increase the
capacity of and upgrade the Thai stock market in all aspects. The SET has set out a new vision to transform itself into an
economic organization “Empowering business and investors through our strengths to match the right financial opportunities”
to prepare for international competition and regional integration. This is to strengthen the Thai capital market foundation and make
it more attractive to investors from around the globe, thus serving its objective of being the first choice of Thai firms to raise funds
to empower their businesses. In addition, SET aims to be the key investment option for people with savings by offering products and
services that respond to their demands and create attractive financial opportunities.
In 2012, the SET prescribed key operational strategies for exchange function in five key areas, namely: 1) Empowering
Businesses, 2) Empowering Investors, 3) Matching the Right Financial Opportunities, 4) Strengthening SET’s Capabilities, and 5)
Strengthening Intermediaries. For long-term capital market development, SET continually promoted the capacity of every group of
market participants and created quality investors, which make up the important foundation for the Thai capital market.
Thanks to operating according to these strategies, 2012 marked the year that the SET enjoyed a high level of success in
various aspects. The past year saw the elevation of the SET to a higher level in various dimensions in spite of external economic
volatilities in the United States and Europe which have negatively impacted the investment atmosphere in the Thai capital market.
The Thai bourse managed to outperform despite the external crisis, setting new record highs to become the most active exchange
in terms of average daily trading value in ASEAN for the first time. Market capitalization hit an all-time high since SET was
established, exceeding the value of the Thai GDP for the first time. The SET Index rose to its highest level in 17 years to close
at 1,397.19 points on December 27, 2012, marking the biggest rise in Asia.
Key SET developments included enhancing its equities transaction infrastructure with a new trading system, “SET CONNECT,”
offering superior transaction speed and greater capacity as well as the capability to handle new products. In addition, SET has been
successfully operating the ASEAN Trading Link between the Thai capital market and those of Malaysia and Singapore in the middle
of October 2012 to mark the beginning of cross-border execution of ASEAN securities transactions, thus enhancing the
attractiveness of and increasing investment in ASEAN and Thailand.
Meanwhile, SET focuses on expanding the investor base on a continuous basis. More than 200,000 participants engaged
in domestic roadshows, resulting in an historic increase of investment accounts in SET and futures markets by more than 100,000
accounts in 2012. It is also the first year that a majority (50.67 percent) of securities transactions by value was executed
electronically.
On the improvement of SET’s efficiency and credibility, the bourse has revised the quality of its internal audit by using
Continuous Auditing method and implemented Audit Software as an operational instrument.
SET’s determined effort has paid off, as it has been recognized by international institutions in various fields. The Thai capital
market has been included in an Advanced Emerging Market by the FTSE Group, while Corporate Governance Watch 2012 ranked the
Thai bourse as No. 3 out of 11 Asian countries, as evaluated by Asia Corporate Governance Association. Moreover, MSCI included
four Thai shares in the calculation of MSCI Global Standard Indices, marking the highest number of securities added in Asia.
Major developments of The Stock Exchange
of Thailand in 2012