Thai bourse targets 40% market cap growth by 2023

Pakorn Peetathawatchai (pic), who was promoted to the top job at the Stock Exchange of Thailand in June from vice-president, was optimistic about growth of the stock market in the South-East Asian nation despite a recent sell-off by foreign investors, a sharp decline in the benchmark index and a listless first half for listings on the bourse.

BANGKOK: Thailand’s national bourse is eyeing a near 40% rise in the market value of shares listed on it over five years to about US$700bil, driven by offerings from infrastructure funds, family businesses and company spinoffs, its new president said.

Pakorn Peetathawatchai (pic), who was promoted to the top job at the Stock Exchange of Thailand in June from vice-president, was optimistic about growth of the stock market in the South-East Asian nation despite a recent sell-off by foreign investors, a sharp decline in the benchmark index and a listless first half for listings on the bourse.