Bangkok--May 30--SET
Phatra Securities Pcl., Thailand’s leading securities house, will commence trading in the Financials Industry Group.
Executive Vice President of The Stock Exchange of Thailand (SET) Ms. Sopawadee Lertmanaschai said that the SET Board of Governors has approved the listing of Phatra Securities Pcl. in the Financials Industry Group, the Finance & Securities Sector. Its securities will commence trading from May 31, 2005 onwards, using “PHATRA” as their trading symbol.
She noted, “PHATRA is one of Thailand’s leading securities houses recognized in both domestic and foreign markets for its advisory services. The company’s research is of the highest quality, as is evident from the various awards it received from leading international magazines such as Asiamoney and Institutional Investor. Currently PHATRA’s research work covers Thailand’s macro-economy and 60 listed companies on the SET, representing about 70% of total market capitalization.
“Furthermore, PHATRA has acted as a financial advisor to leading state-owned enterprises and Thailand’s leading corporations to help them list on the Exchange. PHATRA should be another interesting investment alternative for people interested in the Financials Group.”
PHATRA has THB1.07 bln. (approx. USD26.69 mln.) worth of paid-up capital, comprised of 160 mln. existing shares plus an additional 53.5 mln. shares in capital increase, each with a par value of THB5.00. During May 3-4, 2005, the company sold 3.5 mln. shares to the company’s directors and employees at THB7.73 per share. Also, on May 17-20, 2005, it sold another 50 mln. shares (or 23.4% of its total paid-up capital after its initial public offering) to the public at THB31.00 per share.
Apart from this, the company has allotted 6.5 mln. shares for a green shoe option to help stabilize the share price level. Kim Eng Securities (Thailand) Pcl., National Securities Pcl., and CLSA Securities (Thailand) acted as PHATRA’s financial advisors and underwriters.
The proceeds from this fundraising will be used to provide an Internet trading service which is expected to commence by Q3/2005, expand its client base and develop a network for its brokerage business. The company also plans to utilize some of the fundraising proceeds to increase the investment capital of its Proprietary Trading and Direct Investment Departments. It will also establish its securities borrowing and lending as well as derivatives businesses to increase the capacity of its underwriting service.
PHATRA is SET member No.6. The Company is licensed by the Ministry of Finance to carry out five types of securities businesses, i.e., securities brokerage, securities dealing, underwriting, investment advisory and securities lending and borrowing. Also, PHATRA has obtained approval from the Securities and Exchange Commission (SEC) to act as a financial advisor and unit trust sales supporting agent.
PHATRA is engaged in 3 core businesses—1) Securities Brokerage Business: This is the major source of PHATRA’s revenue. The Company provides securities brokerage services to institutional investors, both domestic and international, and high net worth individuals, 2) Investment Banking Business: The Company provides investment banking services in the form of financial advisory and underwriting services to large Thai organizations, both in the public and private sectors, and 3) Investment Business: The company’s Proprietary Trading and Direct Investment Departments manage PHATRA’s own investment activities.
PHATRA will pay out no less than 40% of its net profits as dividends.
After its IPO, the firm’s 3 principal shareholders are Ruamphon Phatra International Corp., CLSA Singapore Pte. Ltd., and the Pongpanich family, who hold 36.72%, 5.85%, and 4.25% of the Company’s paid-up capital, respectively.
For more information on Phatra Securities Pcl., please browse the company’s website, www.phatrasecurities.com, the SET’s website, www.set.or.th, or SETTRADE.Com’s website, www.settrade.com
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036
Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.