HSBC shared that Apple’s market capitalization is bigger than the 6 biggest Southeast Asian stock markets combined.
I was curious about how big the stock markets in Southeast Asia were, which is the largest and more. Here’s what I found:
Southeast Asia Stock Market Capitalization 2024
| SEA Country | Stock Exchange | Code | Market Cap | Market Cap (SGD) | Market Cap (USD) | No. of Stock Listings |
|---|---|---|---|---|---|---|
| Indonesia | Indonesia Stock Exchange | IDX | 11,632 T Rp | S$997.3B | US$749B | 833 |
| Singapore | Singapore Exchange | SGX | S$765,049 M | S$765B | US$575.5B | 635 |
| Thailand | Stock Exchange of Thailand | SET | 17,464,170.01 M baht | S$665.7B | US$500.6B | 627 |
| Malaysia | Bursa Malaysia | MYX | RM1.86T | S$529.78B | US$396.5B | 795 |
| Philippines | Philippine Stock Exchange | PSE | ₱16.74T | S$400.54B | US$298.8 | 285 |
| Vietnam | Vietnam Stock Exchange | VNX | VNĐ6 quadrillion | S$327.89B | US$246.7B | 326 |
| Cambodia | Cambodia Securities Exchange | CSX | KHR21,576,556M | S$7B | US$5.28B | 11 |
| Laos | Lao Securities Exchange | LSX | 13,928,387.60M LAK | S$0.9B | US$0.68B | 11 |
| Myanmar | Yangon Stock Exchange | YSY | 689,162M kyat | S$0.437B | US$0.33B | 8 |
Although Apple was recently dethroned by Microsoft as the world’s largest company by market capitalization, here’re a fun comparison:
Conclusion
Southeast Asia, a region known for its vibrant cultures, also hosts a handful of stock markets, each with a vibrant mix of longstanding companies. Who knows, some of these companies could be an undervalued stock that might just be the next multi-bagger with the right catalysts.
1 last fun fact before you go. Did you know that combined, the total market capitalization of the 11 Southeast Asia is over US$2 trillion?