SET News : SET expands technology sectors to drive digital growth and market appeal, effective March 1, 2027
The Stock Exchange of Thailand·11/04/2026 12:39:33
SET News 89/2026
November 4, 2026
SET expands technology sectors to drive digital growth and market appeal,
effective March 1, 2027
KEY POINTS
- The Technology industry group expands with additional sectors, classifying
stocks more clearly and comprehensively by actual business type, covering
electronic components, digital infrastructure & telecommunication, technology
services & solutions, and technology products & digital platform
- Following this restructuring, the market will comprise 8 industry groups and
30 sectors, allowing investors to screen and compare stocks more conveniently,
effective March 1, 2027
BANGKOK, November 4, 2026 - The Stock Exchange of Thailand (SET) is
restructuring two industry groups to better reflect contemporary business
models. The Technology industry group will be expanded from 2 to 4 sectors to
accommodate the growing diversity of digital businesses, covering Electronic
Components, Digital Infrastructure & Telecommunication, Technology Services &
Solutions, and Technology Products & Digital Platform. Concurrently, the
Resources industry group will be renamed "Energy & Utilities", comprising two
sectors: Oil, Gas & Fuels; and Power & Utilities. Both changes take effect on
March 1, 2027.
SET Senior Executive Vice President and Chief Markets Officer Soravis Krairiksh
stated that Thailand's capital market technology sector has evolved and grown
rapidly, expanding from infrastructure to devices, software, digital platforms,
and AI, but the existing classification has not kept pace with this diversity.
The new sector classification will give investors a clearer view and
understanding of listed companies in the technology group, allow them to screen
and compare Thai stocks with companies in the same sector on leading regional
exchanges, and enable analysts to evaluate companies against their sector peers
more appropriately. The new structure also prepares for listed companies
operating under emerging business models and supports the future development of
investment products such as thematic funds and sector ETFs.
The changes have been developed in consultation with, and with the support of,
capital market stakeholders. This structural upgrade is aligned with SET's
missions of 'Empowering Market Participants' and 'Trusted Marketplace',
reinforcing the exchange's commitment to strengthening market participant
capabilities and developing Thailand's capital market to be credible and
internationally competitive.
Technology Industry Group: New Structure
The Technology (TECH) industry group will be reorganised into 4 sectors to more
accurately reflect the primary revenue characteristics of listed companies
(previously 2 sectors: ETRON and ICT):
1. Electronic Components (ETRON): (retained) Manufacturers, designers, and
distributors of electronic components, including semiconductors, integrated
circuits (ICs/chips), and related products.
2. Digital Infrastructure & Telecommunication (DINFRA): Providers of
communications infrastructure, network systems, connectivity equipment, and
digital data transmission, processing, or storage services.
3. Technology Services & Solutions (TECHSS): Providers of hardware and/or
software technology services, including system integration, outsourcing and
managed services, maintenance, and technical support.
4. Technology Products & Digital Platform (TECHDP): Companies holding
intellectual property in products and/or digital services, including software
delivered as a service (SaaS), platforms, artificial intelligence (AI), and
financial technology (FinTech).
Energy & Utilities Industry Group: Renamed and Restructured
The Resources (RESOURC) industry group will be renamed Energy & Utilities
(ENERGY) to better reflect contemporary business models, and organised into 2
sectors:
1. Oil, Gas & Fuels (FUEL): Companies engaged in the production, exploration,
drilling, refining, transport, storage and distribution of oil, natural gas and
other fuels.
2. Power & Utilities (POWERUT): Producers and distributors of electricity and
water, and providers of public utility services.
The Mining (MINE) sector will be discontinued, as no listed companies currently
operate in it.
Following the restructuring, listed companies will be classified into 8 industry
groups and 30 sectors. SET intends to conduct periodic reviews of listed
companies' industry classifications to ensure alignment with evolving business
landscapes in the capital market.
Investors can view the updated industry group and sector list on www.set.or.th
from February 2027, before the new structure becomes effective on March 1, 2027.
"SET...The Trusted Gateway to Inclusive Opportunities"
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