September 02, 2014 11:36 PM ET

Capital Markets

Company Overview of Maybank Kim Eng Securities (Thailand) Public Company Limited

Company Overview

Maybank Kim Eng Securities (Thailand) Public Company Limited provides a range of investment and securities services to corporate and individual customers in Thailand. The company’s products and services include online trading, retail broking, derivatives trading, derivatives warrants, exchange traded funds, offshore trading, mutual funds, and institutional sale services. It also offers various investment banking services for equity/equity-linked capital market products, such as IPO/PO/PP, privatization, listing and going public, dual listings, and listing in Singapore; and debt capital market products comprising baht debentures, loans, property funds, securitization, project finance, and str...

999/9 The Offices at Central World

20th-21st, 24th and 25th Floors

Rama 1 Road

Pathumwan

Bangkok,  10330

Thailand

Phone:

66 2 658 6300

Fax:

66 2 658 6301

Key Executives for Maybank Kim Eng Securities (Thailand) Public Company Limited

Maybank Kim Eng Securities (Thailand) Public Company Limited does not have any Key Executives recorded.

Maybank Kim Eng Securities (Thailand) Public Company Limited Key Developments

Maybank Kim Eng Securities (Thailand) Public Company Limited, Board Meeting, Aug 13, 2014

Maybank Kim Eng Securities (Thailand) Public Company Limited, Board Meeting, Aug 13, 2014. Agenda: To approve the statement of financial position and statement of comprehensive income of the company for the half year ended June 30, 2014; to approve interim dividend payment for the six months of 2014 from the company's net profit and retain earning to the shareholders whose names appear in the shareholder registration book as of August 28, 2014 at the rate of THB 0.75 per share or payout ratio of 125% of net profit and payment date will be on September 8, 2014; to approve record date will be fixed on August 27, 2014 and the company's share register book will be closed on August 28, 2014 for checking the shareholders' names who are entitled to receive the interim dividends in accordance with Section 225 of the Securities and Exchange Act; and to approve additional issuance of Bill of Exchange at any time from not more than THB 6,000 million to not more than THB 10,000 million to support the future business.

Maybank Kim Eng Securities (Thailand) Public Company Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Maybank Kim Eng Securities (Thailand) Public Company Limited announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net profit of THB 215,932,000 or THB 0.38 per share compared to THB 350,808,000 or THB 0.61 per share a year ago. As the change of operating results was more than 20%, the company would like to clarify that the main variances comparing to last year were: Brokerage fees from Securities Business decreased by 33.71 % or THB 312.36 million, from THB 926.63 million to THB 614.26 million. This was due to a decrease in average daily trading volume of the company from THB 11,485 million to THB 7,832 million, which was in accordance with the decrease in average daily trading volume of SET from THB 50,527 million to THB 36,902 million; Brokerage fees from Derivatives Business decreased by 46.75 % or THB 35.16 million, from THB 75.22 million to THB 40.06 million. Although the company's average daily trading volume increased from 9,980 contracts to 16,230 contracts, which was in accordance with the increase in average daily trading volume of the whole derivatives market from 80,272 contracts to 133,155 contracts. Increase in average daily trading volume was due to reduction of the multiplier of SET50 Index Futures from THB 1,000 to THB 200 which resulted in a decrease of brokerage fee rate from May 6, 2014 onward; Income from interests on margin loans decreased by 24.38 % or THB 42.76 million, from THB 175.35 million to THB 132.59 million due to a slowdown of capital market which resulted in a decrease of an average margin loan for the three-month period ended June 30, 2014 comparing to the same period last year, from THB 12,760 million to THB 9,685 million; Total operating expenses decreased by 17.96% or THB 115.17 million, from THB 641.28 million to THB 526.11 million. The lower expenses were mainly due to the decrease in financial costs, fee and service expenses and personnel expenses of THB 41.94 million, THB 23.23 million and THB 100.92 million, or 31.23%, 30.45% and 20.39%, respectively. Financial costs decreased as a result of a decrease in interest paid on clients' deposits and short-term loans. Fee and service expenses and personnel expenses decreased due to the decrease in securities trading fees and marketing incentive as a result of lower brokerage fee income; Corporate income tax decreased by 47.89 % or THB 50.90 million to THB 55.38 million due to a decrease in net profit. Due to the above reasons, the operating result of the company for the three-month period ended June 30, 2014 decreased from the same period of last year by 41.79%. For the six months, the company reported net profit of THB 343,797,000 or THB 0.60 per share compared to THB 889,806,000 or THB 1.56 per share a year ago. As the change of operating results was more than 20%, the company would like to clarify that the main variances comparing to last year were: Brokerage fees from Securities Business decreased by 52.19 % or THB 1,135.45 million, from THB 2,175.69 million to THB 1,040.24 million. This was due to a decrease in average daily trading volume of the company from THB 13,323 million to THB 6,328 million, which was in accordance with the decrease in average daily trading volume of SET from THB 54,319 million to THB 31,967 million; Brokerage fees from Derivatives Business decreased by 39.89 % or THB 59.90 million, from THB 150.16 million to THB 90.26 million. Although the company's average daily trading volume increased from 10,218 contracts to 11,787 contracts, which was in accordance with the increase in average daily trading volume of the whole derivatives market from 78,656 contracts to 93,834 contracts. Increase in average daily trading volume was due to reduction of the multiplier of SET50 Index Futures from THB 1,000 to THB 200 which resulted in a decrease of brokerage fee rate from May 6, 2014 onward; Income from interests on margin loans decreased by 22.68 % or THB 77.34 million, from THB 340.95 million to THB 263.61 million due to a slowdown of capital market which resulted in a decrease of an average margin loan for the six-month period ended June 30, 2014 comparing to the same period last year, from THB 12,500 million to THB 9,681 million; Total operating expenses decreased by 32.90% or THB 461.84 million, from THB 1,403.81 million to THB 941.97 million. The lower expenses were mainly due to the decrease in financial costs, fee and service expenses and personnel expenses of THB 58.21 million, THB 74.94 million and THB 459.85 million, or 24.24%, 44.30% and 40.94%, respectively. Financial costs decreased as a result of a decrease in interest paid on clients' deposits and short-term loans. Fee and service expenses and personnel expenses decreased due to the decrease in securities trading fees and marketing incentive as a result of lower brokerage fee income; Corporate income tax decreased by 61.38 % or THB 139.70 million to THB 87.92 million due to a decrease in net profit. Due to the above reasons, the operating result of the company for the six-month period ended June 30, 2014 decreased from the same period of last year by 62.68%.

Maybank Kim Eng Securities (Thailand) Public Company Limited Presents at Opportunity Day Q1 2014, May-29-2014 05:30 PM

Maybank Kim Eng Securities (Thailand) Public Company Limited Presents at Opportunity Day Q1 2014, May-29-2014 05:30 PM. Venue: 01 Room (11th Floor), The Stock Exchange of Thailand Building, Thailand.

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