K-Sec aims at No.2 slot

K-Sec aims at No.2 slot

Kasikorn Securities (K-Sec) plans to regain its ranking as the second-largest brokerage house in terms of trading value after slipping to fifth spot.

Stock Exchange of Thailand (SET) data indicate the market share of K-Sec and strategic partner Macquarie Securities dropped to 5.43% of the SET's total trading value year-to-date.

It fell from second place after Maybank Kim Eng Securities rose to an 11.5% market share from 5.93% last year.

"I will focus on derivatives and investment banking business to allow the Kasikorn Group to tap more private wealth and retail clients," said Thiti Tantikulanan, K-Sec's newly appointed executive chairman.

High volatility in the stock market has stoked demand for derivatives products such derivatives warrants or futures, as these instruments allow them to earn higher profit than shares or can be used to hedge against losses.

Single-stock futures and index futures products are very popular this year, in line with the more volatile market.

Mr Thiti said the company will launch new derivatives products and focus on wealthy clients with investment portfolios starting from 50 million.

Investment banking and internet trading are also focal points.

K-Sec has five potential initial public offering deals in the pipeline worth a combined 15 billion baht, all expected to list on the SET or the Market for Alternative Investment by the second half of this year.

The company has 42,000 securities trading accounts, up from 31,800 at the end of last year.

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