GBX offers new services in digital transformation

GBX offers new services in digital transformation

SET-listed Globlex Holding Management (GBX), a holding company and gold trader, plans to launch services related to digital assets and new products to support all kinds of investment in 2022.

Tharaphut Kuhapremkit, managing director of GBX, said the company is undergoing a digital transformation to enhance competitiveness and build on new business models to meet investment needs in the digital world and cover all customer groups through affiliated companies.

GBX is also studying the feasibility of providing digital asset-related services and foreign brokerage services, including launching fractional shares of global stocks to give investors a chance to gain higher returns.

He said fractional shares will allow investors to easily diversify into foreign stocks and receive higher returns.

Mr Tharaphut said with the digital transformation, GBX is focused on investing in the financial sector and related areas, expecting returns of at least 10-15% per year.

GBX holds shares in three subsidiaries: Globlex Securities (GBS); Capital One, a financial advisory business; and Asia Equity Venture, a venture capital business.

"GBX is considering investing in startups both here and internationally, and expanding sales channels and other businesses in brokerages, investment banking and proprietary trading," he said.

Thanapisal Koohapremkit, chief executive of GBS, said the company is planning to help six companies list on the Market for Alternative Investment this year, expecting them to raise about 2 billion baht in total.

Mr Thanapisal didn't disclose the names of the companies, but said they are in fast-growing industries such as image production, animation, social media, medicine, wastewater management, GPS and the Internet of Things.

"Even though the pandemic has slowed the economic recovery, it has not affected the fundraising plans of many private companies," he said.

"GBS does not expect these companies to postpone their initial public offerings."

Mr Thanapisal said GBS is also interested in new investment opportunities, including investment in digital assets, digital tokens and blockchain.

GBS is expanding its investment services under "Globlex Robotrade", which includes building and managing portfolios through artificial intelligence technology.

GBX expects 54% of revenue to come from brokerage securities business and 46.1% from fee and investment advisory services in 2022.

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