BANGKOK: Yuanta Securities (Thailand), a subsidiary of Taiwan’s largest broker, is aiming for a top five spot in the Thai market in three to five years as it returns following an exit three years ago. The substantial turnover growth of the Stock Exchange of Thailand (SET) and Thailand’s geographic advantage as the centre of Southeast Asia has drawn Yuanta Financial Holdings (YFH) back to the Thai capital market, Charnsak Thanatecha, chief executive of Yuanta Securities (Thailand), told the Bangkok Post.
“The Thai stock market has the top trading value in Asean with high turnover the past three years. The SET’s market capitalisation will continue to increase, driven by IPOs [initial public offerings],” he said. “The Thai market seems to be the most attractive in the region and YFH has a strategy to expand business here. Thailand is our centre of investment in this region.”
YFH has returned to operate in Thailand after selling its Thai outlet to Maybank (Singapore) three years ago. The Taiwanese company acquired a 99.99% stake in KK Trade Securities from Kiatnakin Phatra Financial Group (KKP) for 686.9 million baht. Yuanta Securities (Thailand) reopened on Sept 1. Mr Charnsak said the Thailand 4.0 initiative will steer the country to become an advanced industrial nation, while the government’s big-ticket infrastructure projects will drive future growth.
