The SET no longer openly promotes a target — set in 2018 — to reach an aggregate market capitalization of 23 trillion baht by 2023. It stood at 18.6 trillion baht as of May. The figure is often affected by uncontrollable factors.
In the early 2010s, exchanges in Southeast Asia worked to improve connectivity through making trade links. However Thailand, Singapore and Malaysia scrapped their links in 2017. Pakorn now suggests that the exchanges aim to create attractive investment products that cover the region, instead of physically linking their networks.
“If we can have our market offerings stronger as products, we could attract not just regional investors, but also global investors,” he said.