Seamico States TFEX Market Rises up to 228% Push Ahead to adjust its Strategy and Expansion of Clients’ base

ข่าวหุ้น-การเงิน Tuesday January 29, 2008 09:51 —PRESS RELEASE LOCAL

Bangkok--29 Jan--Seamico Securities Seamico Securities Public Company Limited, Thailand’s Independent Broker, recently announced its performance for the year ended 31st December 2007 that TFEX market rapidly and continuously grew by 228% while the Internet clients rose up to 38% within 2 years. Seamico also headed toward adjustment its strategy in order to cope with the rapid change in securities industry as well as expansion its clients’ base toward foreign and institution investors. Mr. Chaipatr Srivisarvacha, Executive Chairman & Chief Executive Officer, Seamico Securities Plc., stated that “Seamico rapidly and continuously grew in TFEX market. In the year 2007, TFEX accounts increased by 228%, and market share rose from nearly 2% at the beginning of the year to almost 5% at year end.” “As for our balance sheet; shareholder’s fund totaled Baht 2.8 billion while we had a strong NCR of 358% at the end of December 2007. Moreover, we maintained high quality and liquidity asset with 30% in cash and near cash with no borrowings.” Mr. Chaipatr said. “Even though Thai economic is slow down as a result of sub-prime crisis, a slow global economic, a continuous increase of oil price, and the upcoming liberalization of brokerage commission, we have prepared ourselves to deal with these situations by improving productivities of our sales and marketing teams through education and training and diversifying our corporate revenues, especially via innovative products and services. We are also focusing more on foreign and institution clients. Besides, our brokerage trading account is now 32,097 accounts increased by 10% over the last two years, whereas our new online trading accounts increased by 38% during the same period.” Mr. Chaipatr added. There are many factors affected Thai stock market such as sub-prime crisis on U.S. mortgage, prolonged rising of oil prices and political uncertainty in Thailand. However, the SET index rose up to 26.22% from the year 2007 (from 679.84 points at the end of 2006 to 858.10 points) while the market capitalization of the SET totaled Baht 6,636.07 billion. SET Daily Average Market Volumes increased from an average of Baht 16.3 billion for the year 2006 to Baht 17.1 billion for the year 2007 (an increase of 5%). Furthermore, TFEX has just launched a new product, Options starting on last October 2007. The market grew quite rapidly from Baht 1.2 billion for the year 2006 to Baht 7.6 billion for the year 2007. For further information concerning Seamico Securities Plc., please visit For more information please contact: Ms. Duangrat Watanapongchat Deputy Managing Director Seamico Securities Plc. Tel : +66 (0) 2695-5155 Fax : +66 (0) 2631-1709 E-mail : Mr. Chaipatr Srivisarvacha Chief Executive Officer Seamico Securities Plc. Tel : +662 695-5000 ต่อ 5052 Fax : +662 631-1709 E-mail : [email protected]

แท็ก SET INDEX   marketing   thailand   Bangkok   TFEX   TOT  

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