A financial columnist argues that reaching the Thai stock index at 2,000 points requires two synchronized drivers: (1) earnings per share growth of ~3.6% annually, and (2) P/E ratio expansion to ~18x (currently 15.7-16x). Beyond short-term foreign capital inflows, sustained growth depends on three conditions: companies must deliver on announced targets, domestic demand growth tied to rising incomes, and strong governance frameworks. The JUMP+ corporate reform program is a good start but requires tighter oversight mechanisms to maintain investor confidence and prevent governance failures.