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Thailand's Securities Industry Drop 7% On The Year
BY JACOB MASLOW

BANGKOK: -- Tougher competition has caused Thailand’s securities industry to dip 7% this year. Chief executive of Asia Plus Securities (APS), Kongkiat Opaswongkarn, stated that despite the decline in the industry in 2015, Thailand is confident that the securities industry will bounce back in 2016 amid a more stable global economy.

APS’s net profit is down on the year, with nine-month profit at 435 million baht. Year-on-year, the company’s net profit has fallen 32.6%.

Thailand’s stock market faltered in the third quarter as the United States Federal Reserve is showing signs that interest rates will be increased in 2016. Further concern was sparked over volatility in the euro zone causing Thailand’s markets to struggle.

Full story: http://ethailand.com/business-news/thailands-securities-industry-drop-7-on-the-year/429/

-- eThailand 2015-11-25

Posted

And in other news Maybank Kim Eng Securities (Thailand's largest broker by market share) recently asked regulators to restrict on-line brokerage to Institutional investors only. Apparently us little people don't "have the knowledge to make investment decisions".

They are concerned that on-line brokers are undercutting them on fees, so they want protectionist measures on the most spurious of grounds.

Posted

What a bullploppy report!

"Tougher competition has caused Thailand’s securities industry to dip 7% this year."

What exactly does that 7% mean? Profitability? Revenue? Turnover?

"Thailand is confident that the securities industry will bounce back in 2016 amid a more stable global economy."

Who is "Thailand" here? Do all Thai people think the same? And who is guaranteeing a more stable global economy?

"Thailand’s stock market faltered in the third quarter as the United States Federal Reserve is showing signs that interest rates will be increased in 2016. "

(1) All the signs at the moment are that interest rates will be increased in December this year. (2) Is it really US interest rates that cause all Thailand's recent stock market woes? Or it could be that the economy is in a poor condition thanks to the failure of government to invest and to support business expansion?

"Further concern was sparked over volatility in the euro zone causing Thailand’s markets to struggle."

What sort of volatility? Volatility in the price of eggs? And why does it cause Thailand's markets to struggle?

"Kongkiat ... encourages investors to continue investing in other countries that are experiencing high growth in Q3 and Q4."

Really? Is he that stupid? Investment should be based upon (1) predicted future returns (not past), and (2) not based upon short term (i.e. 2 quarter) performance.

"The company now offers research for clients, and is aiming for a diversified revenue breakdown."

Research is usually offered free to clients. How does that contribute to diversified revenue?

Is there a single sentence in the report that isn't, at best, questionable?

Posted

I see the author of the report is no financial export. Jacob Maslow "currently works for a company selling Allergy Bedding online as well as Melissa and Doug toys". Source: http://www.searchenginejournal.com/author/jacob-maslow/

Yes, it's the same Jacob Maslow, as he uses the same photograph at http://ethailand.com/author/jacobm2/

More of his totally irrelevant CV at http://jacobmaslow.brandyourself.com/

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As it's coming Christmas, how would you say that Jacob Marlow's views compare to those of Jacob Marley?

Do you have a link to the Maybank Kim Eng securities issue you mention?

Posted

Do you have a link to the Maybank Kim Eng securities issue you mention?

Can't link because it's from The Newspaper that Dare Not Speak Its Name. However, if you Google "MBKET urges constraints" you'll find it. However, it was published on the 18th, so the article'll disappear soon if you're not a subscriber.

Posted

"Tougher competition has caused Thailand’s securities industry to dip 7% this year"

TRANSLATION:

Market and Venture capital looks to growth with minimal risk. When one compares Thailand's current economic and political environment, investors are likely to seek other nations for their investments. That's called competition. Capital drain will not only come from foreign investors but also from Thai investors - money doesn't care about nationality or cultural heritage.

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