Bangkok--15 Jun--Thanachart
Thanachart Securities Public Company Limited is ready to take its spot as one of the country’s leading brokerages houses and targets to be in the top 5 by the end of 2009 with a 4.5% market share by utilising a customer mix strategy. At present, its client ratio is 40% local and foreign institutional investors, and 60% retail investors with a 4.16% market share, and it is ranked No.6 out of 37 brokerages houses.
Mrs. Asvini Tailanga, Managing Director of Thanachart Securities Plc. said: “We are confident of becoming one of the country’s top brokerages house by targeting to be in the top 5 by the end of this year with a 4.5% market share from our current ranking of 6th place with a 4.16% market share out of 37 brokerage houses. We have moved up in ranking from a 3.98% market share and ranking 15 in 2008 from only a 2.76% market share in 2004.”
In order to become one of Thailand’s leading brokerage houses, Thanachart utilises a customer mix strategy by providing coherent services to all three client groups, currently consisting of 40% local and foreign institutional investors and 60% retail investors, which is in line with the ratio of the securities business industry, providing services suitable for each client group. Thanachart has developed expert analyst teams over the past few years. At present, the capability of our research team can match international standard. Thanachart was ranked No.2 in May 2009 in Institutional Investor Survey 2009 (up from No.7). Prior to that, Thanachart was awarded the Runner-up Overall Best Research House by Institutional Investor and The Second Best Securities Analyst Award 2008 by the Securities Analysts Association. In 2008, Thanachart was also ranked No.3 (including Thanachart and BNP Paribas) in the country for Overall Country Research by Asiamoney magazine.
Thanachart views research as the core value of its securities brokerage business and has strived to enhance its research reports to provide the finest information for clients to make their investment decisions, for marketing to provide investment advice as well as promoting superior quality services. At present, the company has 330 marketing officers, all of whom attend training sessions continuously throughout the year.
Mrs. Asvini, also said that apart from regularly receiving prominent awards, Thanachart has licences to provide nearly all securities business services offered in the market, including investment advisory (IA) and derivatives trading. At the end of May, Thanachart was ranked No.11 with a 2.93% market share in derivatives trading. Thanachart will also launch Securities Borrowing and Lending services in the second half of 2009. Additionally, Thanachart is a selling agent for over 250 funds of 13 asset management companies. Thanachart offer integrated financial services which are a key part of retaining its current clientele and bringing in new customers. At present, Thanachart has 27 branches nationwide.
With regard to investment banking, since the beginning of 2009 Thanachart has acted as the underwriter for debentures of Thai Tap Water Supply Public Company Limited (TTW) worth 7,000 million baht; Thanachart Bank Public Company Limited (TBANK) worth 2,000 million baht; and PTT Exploration and Production Public Company Limited (PTTEP). In 2008, Thanachart acted as the underwriter for the debentures of five leading companies: Thanachart Bank Public Company Limited (TBANK); MBK Public Company Limited (MBK); Thai Airways International Public Company Limited (THAI); PTT Exploration and Production Public Company Limited (PTTEP); and Thanachart Capital Public Company Limited (TCAP) with a total value of 18,500 million baht.
Thanachart Securities Public Company Limited
Tel. 02-217-8888 Ext. 5838