Thai Stocks Preview, Kim Eng Securities, Thanachart

Shayne Heffernan best buys in Thailand tomorrow are Kim Eng Securities, Thanachart

Kim Eng Securities (Thailand) Public Company Limited (KEST), Thanachart Capital Public Company Limited

Thailand’s top securities broker, KEST has achieved number one brokerage market share every year since 2002. KEST provides a wide range of investment and securities services. We have built a diversified business base across numerous product and service areas. The client base covers various sized corporate customers and mid-to-high-income individuals. KEST is capable of handling high-volume dealing. The quality and efficient services are maintained at a highly consistent level. KEST is a wholly owned subsidiary of Kim Eng Holdings Limited, formerly Kim Eng Ong Asia Holdings Limited, the largest independent securities broking group in Singapore, which has been listed on the Singapore Exchange since 1989. In May 2001, Kim Eng Holdings Limited acquired Yuanta Securities (Thailand) Co.,Ltd., another leading broker, which resulted in the formation of the number one brokerage house in Thailand.

KEST offers securities services through our headquarters and 38 branches around Bangkok and upcountry. KEST has several securities licenses for: brokering, trading, underwriting, investment advisory services, corporate finance advisory services, securities registrar services, and securities lending and borrowing. KEST recently became a Derivatives Agent and a member of the Thailand Futures Exchange (TFEX), Thailand Clearing House (TCH) and the Back Office Service Bureau (BSB).

KEST has more than 660 dedicated marketing staff and 22 research analysts who provide fundamental and technical analyses on more than 140 stocks. KEST also employs 27 investment-banking analysts to cover debt and equity markets and offer financial advisory services.

KEST also invests heavily in technology and training to provide customers with fast, accurate information. Its research and dealing operations also offers high standards of quality and efficiency. The company’s retail research, under the brand name KELIVE,has developed into one of the most popular stock market websites in Thailand.

Thanachart Capital Public Company Limited “TCAP” is the parent company of Thanachart Financial Conglomerate. The companies under Thanachart Financial Conglomerate are classified by their types of business into two groups; (1) financial business group, and (2) supporting business group. The Conglomerate could be considered a fully integrated financial business group whose businesses and operations are clearly separated. As regards the distribution channels, member companies of the Group make use of the branch network and service outlets of Thanachart Bank Public Company Limited “TBANK” as channels for offering their respective financial services. The arrangements are in compliance with the promotion guidelines given by the regulators concerned. The details of the business operations of each company are as follows:
(A) THE MEMBER COMPANIES THAT OPERATE FINANCIAL BUSINESSES:

1. Thanachart Capital Public Company Limited “TCAP” operates as the holding company and thus is a parent company of Thanachart Financial Conglomerate.
2. Thanachart Bank Public Company Limited “TBANK” operates commercial banking business and other businesses permitted by the BOT, such as selling life and non-life insurance products, and underwriting and repurchasing of unit trusts.
3. Thanachart Securities Public Company Limited “TNS” was granted a Full License from the Ministry of Finance to operate full range of securities businesses including securities brokerage, proprietary trading, securities underwriting, investment advisory service, mutual fund management, private fund management, securities borrowing and lending, venture capital management and derivatives business Sor 1. As well, TNS is engaged in other related businesses that support the securities business. These include, among others, financial advisory services, future businesses, unit trust underwriting, and repurchasing services as well as securities registrar.
4. Thanachart Fund Management Company Limited “TFUND” which is a joint venture between Thanachart Bank (holding 75 percent of the total shares) and The Government Savings Bank (holding 25 percent) operates mutual fund, private fund, and provident fund management businesses. In addition, TFUND operates investment advisory business. As a result, it is considered a company with a full range of advisory services.
5. Thanachart Insurance Company Limited “TNI” gives non-life insurance services including fire insurance, automobile insurance, marine and transportation insurance, and miscellaneous insurance.\
6. Thanachart Life Assurance Company Limited “TLIFE” gives life insurance and health insurance services. Based on the characteristics of customers, its services can be divided into two main types including ordinary life insurance and group life insurance.
7. Thanachart Group Leasing Company Limited “TGL” gives automobile hire purchase loans.
8. NFS Asset Management Company Limited “NFS AMC” was granted a license to operate asset management business. It buys or takes transfers of nonperforming loans from financial institutions of Thanachart Group.
9. MAX Asset Management Company Limited “MAX AMC” was granted a license to operate asset management business. It buys or takes transfers of nonperforming loans from financial institutions.

(B) THE MEMBER COMPANIES THAT OPERATE SUPPORTING BUSINESSES:

1. Thanachart Legal and Appraisal Company Limited “TLA” gives legal services related to contracts, legal advice, bringing cases to court of law, legal enforcement, and appraisal of collateral.
2. Thanachart Management and Services Company Limited “TMS” gives staffing support services in the form of service staff.
3. Thanachart Training and Development Company Limited “TTD” organizes training activities for employees of member companies of Thanachart Group.
4. Thanachart Broker Company Limited “TBROKE” pursues Thanachart Group hire purchase customers to insure automobiles with all insurance companies. It is also an automobile insurance broker of Thanachart Insurance.

The Stock Exchange of Thailand (SET) composite index on Tuesday plunged 23.13 points, or 2.12 per cent, to close at 1,070.43 points. The market value was 39.10 billion baht, with 5.80 billion shares traded.

Top five most active values were as follows;

BBL closed at 162.00 baht, down by 8.00 or 4.71 per cent.

JAS closed at 3.64 baht, down by 0.20 or 5.21 per cent.

PTT closed at 364.00 baht, down by 11.00 or 2.93 per cent.

CPF closed at 29.25 baht, down by 0.25 or 0.85 per cent.

SCB closed at 113.00 baht, down by 3.00 or 2.59 per cent.

Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

www.livetradingnews.com

For More Information Contact

Chutinush Taksinapinunt (ANISTA)

Business Development Director

Heffernan Capital Management

Info@Heffcap.com

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Posted by Shayne Heffernan on May 3rd, 2011and filed underAsia, Equities, Latest News, Markets.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site