Bangkok--11 Aug--Kim Eng Securities
The Board of Directors of Kim Eng Securities (Thailand) Plc. approved interim dividend payment for the first half year performance of 2006 at a rate of 0.25 Baht per share or a pay out of 43 % of net profit of the same period.
Mr. Montree Sornpaisarn, Chief Executive Officer of Kim Eng Securities (Thailand) Plc., said “For the first half year of 2006 ended on June 30, 2006, the company’s total income is 1,087.15 million Baht with a profit of 315.67 million Baht, 0.58 Baht profit per share. Despite the fact that the company’s income has gone down by 25.82 % when compared to last year’s figures of the same period due to a bearish market sentiment, the company’s Board of Directors, however, has decided to approve interim dividend payment to shareholders for this first half year performance at a rate of 0.25 Baht per share or a total of 136,250,000 Baht. Registration book for rights to receive interim dividend will be closed on August 24, 2006 at 12.00 h. and the dividend will be paid on September 1, 2006
However, the Company expects that the market in the second half of the year will pick up and be better than the first six month due to a political situation which seems to promise a better and clearer direction with an imminent general elections in a few months. This is coupled with the fact that oil prices starts to stabilize or will not increase much. Derivatives trading also starts to pick up volume despite it being in an infant stage but many indicators point out that the business is in a process of expansion. Number of Derivatives’ accounts increases steadily while the company has been continually providing knowledge to investors. The company continues to advise its investors to be cautious when deciding to buy or sell their stocks. For its role as financial advisor for company wishing to be listed in the stock market, the company has adjusted its role due to business stagnation to engage more in new business such as being advisor to merger acquisition, state enterprise privatization. The company has also looked for new products such as debenture, warrants, convertible debenture or property fund“
Corporate Communications Dept., Kim Eng Securities (Thailand) Plc.
Tel. 0-2658-6300 ext : 5180, 7401 — 7403