Asco envisions big profits this year for brokers | Bangkok Post: business

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Asco envisions big profits this year for brokers

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The Association of Securities Companies (Asco) is confident securities companies will be profitable this year, assuming average daily trading on the Stock Exchange of Thailand (SET) does not fall below 40 billion baht. 

Pattera Dilokrungthirapop, chairperson of Asco, said the average daily trading value should total 40 billion baht regardless of foreign fund inflows.

She said 38 active trading brokers could enjoy a profit this year, thanks to higher stock trading value contributed by retail investors amid the low interest rate environment.

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