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4 Annual Report 2012
The year 2012 was a good year for the Thai stock market, both in terms of operations and record trading statistics. Daily
trading turnover reached the top ranking of ASEAN for the first time, with a combined market capitalization of The Stock Exchange
of Thailand (SET) and Market for Alternative Investment (mai) not only hitting an all-time high, but also surpassing the country’s
GDP for the first time in history, reaching 103 percent of GDP, with a market cap of THB 11.96 trillion. The SET index also
surged to a new 17-year record at 1,397.19 on December 27, up 36 percent from the end of 2011 in Thai baht terms.
The Thai capital market’s achievements and potential have been increasingly recognized by prominent international
organizations. Among them, FTSE Group upgraded the Thai capital market to its Advanced Emerging Market category, while
the country was ranked number three in Asia in the Corporate Governance Watch 2012 survey of the Asian Corporate Governance
Association. This corporate governance moving up to third place continued and reinforced the upward trend of the past few
years, as Thailand was eighth in 2007 and fourth in 2010. Also, MSCI added four Thai stocks in its MSCI Global Standard
Indices, the highest number of stocks of any one country added in the Asia-Pacific region.
Thanks to extensive cooperation from all related parties, the Thai capital market has consistently developed and expanded,
increasingly becoming the fundraising venue of choice for the public and private sectors. SET has teamed with the Office of
the Securities and Exchange Commission, other government agencies, and related parties in establishing regulatory requirements
for listing new types of securities, including infrastructure funds, which are not only alternative investment tools and new
attractions of the Thai capital market, but also major fund mobilization tools for the government’s mega-projects. Rules were
stipulated for listing holding companies whose core business was abroad, particularly those in the Greater Mekong Sub-region,
where the Thai capital market will play a key role in financing the area’s rapid growth. For the whole of 2012, funds raised via
the Thai bourse by listed companies hit a 10-year high, at THB 258.11 billion.
A wide variety of innovative futures products was consistently introduced in 2012, including USD futures and sector index futures, while the
SET50 Index Futures and SET50 Index Options were enhanced to offer even more choices for investors’ effective and efficient portfolio management.
Charamporn Jotikasthira
President
Message from the President