Bangkok--16 Jan--Kim Eng
Kim Eng (Thailand) announces its business plan to bolster economic situation this year by launching a Training 4 U program for investors. The company plans to jointly expand new investors’ base with the Securities Exchange of Thailand by conducting road shows to provide knowledge.
Mr. Montree Sornpaisarn, Chief Executive Officer of Kim Eng Securities (Thailand) Plc., said that this year the company has set a target to expand new investors’ base to be in line with SET’s objectives to increase new investors in the Thai stock market. The company has cooperated with SET in the SET VISIT Project by arranging a Training 4 U Program to provide new investors’ base an informative education on how to invest in the stock market. We still believe Thai stock market is still be interesting to invest and has possibility to expand. P/E Ratio of Thai market is not more than 8 times while P/E Ratio of foreign market is between 12 to 18 times. The highly volatile economic situation at this period might be the proper investment time for new investors who have long term target investment to seek for low price and good fundamental stocks. The behavior of these new investors do not want risky investment compared with the present investors. We believe that Thai stock market will be stronger if we assist seriously in new investors expansion.
The company is planning to launch a continuous project Training 4 U Program. The first course will be Nano CFA which is suitable for those who do not have stock knowledge or new investors. The course will emphasize on an understanding of investment basic in stock market, a technique to allocate savings for investment purpose, how to make a wise investment etc. Besides “Nano CFA” course, the other continuous courses will be “Nano MBA 1 : Business Analysis” and “Nano MBA 2 Financial Analysis and Valuation ” “Technical Stock Analysis” and “Organization Management for Value Added”. The courses will also offer investment technique as a professional investor. The project is a continuous one and will be held every month throughout the year for general investors, not only for company’s clients. Interested investors can register to attend the courses free of charge. The first event will be held on February 8 at Professor Sangwien Intarawichai Room, SET Building. There will also be events held in the provinces throughout the year such as at Chiang Mai, Had Yai, Nakhon Ratchasima and Chonburi etc. Interested persons can register to reserve their seats at the company’s website www.kimeng.co.th or SET’s website at www.set.or.th from now on.
As for the past year, the company was able to maintain its position as a company with the highest market share for the fifth consecutive year. For this year’s business plan, the company is to emphasize on an expansion of client’s base especially institutional clients from 15% to 25% to increase our client base portion to 75% of retails and 25% of institutional clients which currently are 80 % of retails
and 20 % of institutional clients . Internet business will also be pressed forward to be in line with the authority’s new regulations on 0.15 % commission fee for internet trading which will attract more investors to invest through internet system. The company’s internet program, KETrade, with its technology being developed constantly to keep up with new technology by the company is an user friendly with easy to use monitor. Investors who never use the program before can easily know how to use it fast and can send orders conveniently. In 2006, the company’s market share for internet trading was 17.24% which ranked number 1 when compared to the whole market of the country. This year the company plans to increase its internet market share to 20% because we expect the internet market to expand tremendously. Moreover, high speed internet network has spread throughout the country making the internet trading through various devices to be very popular. Such devices are cell phone, pocket PC and PDA which are easy and fast to use. The cost of GPRS service is also cheaper with interesting promotional packages. Like our special price of promotion package cooperating with AIS which is called KIM ENG Stock Info and KIM ENG SIM package with unlimited real time access. These all cause investors to turn to internet trading. The company also constantly upgrades its trading program to cater to the ever changing and modernized devices”.
For Investment banking business in the past year, the investment atmosphere was not favorable and volatile. This causes us to be more cautious in selectinggood companies, price valuatio and proper timing be offering. The company is on the process of preparation of big capital size and good fundamental companies to be listed in the Thai stock market, public offerings and property fund to be offered in the proper timing. The company is also preparing itself for new business transactions expected to launchthis year such as Derivatives Warrant and SET50 Index Options to be in line with SET’s strategies to develop financial market and capital market this year. The company also has planned to set up an asset management company and is now seeking permission from SEC to set up the company. We expect to be able to set up asset management company around the middle of this year.
Corporate Communications Dept.,Kim Eng Securities (Thailand) Plc.
Tel. 0-2658-6300 ext : 7401 — 7403 and 5180