KSecurities 1Q earnings up 30% offering KS Kampus Year 2

Stocks and Financial Services Press Releases Wednesday May 13, 2015 16:43
Bangkok--13 May--Kasikorn Securities

KSecurities’ first quarter (1Q15) net profit totaled over 300 million Baht, and now with its KS Automated Trading System and Offshore Trading applications, the company is expecting to enlarge its customer base. In collaboration with the Stock Exchange of Thailand and Chulalongkorn University, KS Kampus Year 2 will offer new investment courses using renowned domestic and foreign experts to give investors a keener sense of investment knowledge.

Mr. Thiti Tantikulanan, Executive Chairman of Kasikorn Securities Pcl., said that the company’s 1Q15 net profit was better than expected at 300 million Baht, up 30 percent over total 2014 earnings of 900 million Baht . The increase was due mainly to favorable stock sentiment during the first two months of 2015, increasing overall stock trades by 20 percent over-year, with particular note to higher trading volume of retail investors. Due to that positive sentiment, KSecurities’ market share increased to 4.48 percent in 1Q15, versus 4.19 percent in 2014, with 6,600 new accounts representing an increase of 20 percent over the number of new customers in 2014.

Foreseeing high market volatility during the second half (2H15), the company has introduced investment products that will prepare customers for turbulence ahead and respond well to their needs. New services include a KS Super Stock Mobile Application that assists customers with information on investments, plus structured notes and a Single Stock Futures Block-Trade service. This year, KSecurities will launch additional two new services, a KS Automated Trading System (K-STAs) – featuring an automated trading system for stock and derivatives (first in Thailand) – plus an Offshore Trading service that offers trading in securities abroad.

For 2015, the company’s focus will be toward enhancing investment products and information technologies, as well as ensuring that it has the most complete investment access channels available for customers to conveniently manage their investment portfolios and gain satisfactory returns in all market situations. The company’s strategies will be aligned with KASIKORNBANK strategic planning to gain more customers via all channels.

It is also the company’s policy to enhance customer investment knowledge so that they may thus trade with greater confidence. So, KSecurities is having its KS Kampus investment training program for the second straight year, which this time will highlight advanced investment expertise. The program will be available for general investors. In collaboration with the Stock Exchange of Thailand and Chulalongkorn University that helped develop this special program, renowned domestic and international speakers are also being invited to share their experience with investors; workshops will be provided to improve their investment savvy.

“The outcome we expect from this program is to prepare our customers for investment, with respect to sufficient information, analytical thinking for investment decisions and appropriate investment product selections best suited to their needs and desired returns. Such readiness will better ensure sustainable investment success”, Mr. Thiti said.

A stock analyst of KSecurities has said that 2H15 will see gradual progress over 1Q15 when the market was hit by a regional economic slowdown, resulting in a continued export contraction. Moreover, domestic spending power has been impaired by high household debt and falling agricultural product prices, thereby delaying the overall recovery. However, the current global economic turnaround and Thai government’s rising investments should bolster exports, investment and consumption, leading to 2015 GDP growth of 2.8 percent.

The SET index during 2H15 will rebound on economic and listed companies’ stronger earnings growth, thus investor confidence will likely improve since we are approaching a general election early next year, according to the National Council for Peace and Order (NCPO)’s roadmap. KSecurities foresees a target SET index of 1,620 over the rest of 2015.

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