Annual Report 2017

15 2017 Overview of Exchange activities The Thai stock market continued to perform well under high global volatility and domestic uncertainties. At the end of 2017, SET Index closed at 1,753.71 points up by 210.77 points or 13.66 percent from the end of 2016. The market capitalization of The Stock Exchange of Thailand (SET) and Market of Alternative Investment (mai) increased to THB 17.92 trillion (USD 560 billion), up by 15.62 percent from the end of 2016, according to a stronger Thai economy, leading by exports and tourist sector, especially in the second half of 2017. Moreover, since Thai government announced firmed date for general election, the investor’s sentiment has been soaring resulting in the raising value of newly listed companies in SET and mai totaled THB 426 billion (USD 13.3 billion) in term of market capitalization, the highest value in ASEAN-5. Furthermore, the daily trading value of SET and mai averaged at THB 50.11 billion (USD 1.57 billion), also the highest in ASEAN in term of trading liquidity since 2012. Thai listed companies have improved in their quality continuously, and increasingly gained global recognition. 33 Thai listed companies were added to MSCI Standard Index, the leading global index, which was the largest number in any ASEAN countries for five consecutive years. Moreover, the dividend yield and forward P/E ratio of SET and mai at the end of 2017 remained attractive. The dividend yield of SET and mai were 2.81 percent and 1.45 percent respectively. At the same time, forward P/E ratio was at 17.46 times for SET and 35.61 times for mai. The Stock Exchange of Thailand (SET) Market for Alternative Investment (mai) Source: SETSMART Thai Bourse’s 2017 Performance 20 16 12 8 4 0 1,800 2,200 1,400 1,000 Market capitalization (THB trillion) SET Index 2015 2016 2017 Market capitalization SET Index 12.28 15.08 17.59 1,288.02 1,542.94 1,753.71 450 300 150 0 800 600 400 2015 2016 2017 Market capitalization (THB billion) mai Index Market capitalization mai Index 323 425 339 522.62 616.27 540.37