Late warnings and delayed enforcement have been among the reasons for investors’ waning confidence in the Thai stock market, he said.
“There are as many as 300 daily news and reports about listed companies’ possible wrongdoings that we have to monitor,” Asadej said at a briefing on Thursday. “AI will certainly ease the supervision staff’s workload and deliver faster warnings.”
Authorities are stepping up measures to improve oversight of the country’s capital market following several high-profile probes involving fraud allegations at companies including Energy Absolute and Stark. The benchmark stock index continues to lag most of its Southeast Asian peers after corporate scandals, concerns over illegal short-selling and a spell of political turmoil dented sentiment earlier in the year.
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Asadej also reaffirmed the bourse’s plan to implement a new programme to boost listed-companies’ valuations and shareholders returns under its three-year strategy. The companies will receive consultations and advice to improve their operations and communications to attract investor interest, he said.
The exchange will also promote bond and carbon credit to help investors expand their investment alternatives, he said.
Chart: Bloomberg
