"We target to increase our market share in brokerage business to 2.5% and enlarge our network to 18 branches by the year-end," said chief executive Kobkiat Boontherawara.
The company, renamed from
Its market share stands at 2.1%, rising from 0.5% last year, as retail and institutional investors who contribute high trading volume in the local stock market are the company's main customers.
Mr Kobkiat expects brokerage business, which is contributing 70-80% of the company's revenue, will be the major driver to help the company swing to profit.
The positive market sentiment since political tensions eased has drawn investors to the bourse and given a boost to the Stock Exchange of
The average trading value is expected to reach
The improved stock market sentiment not only encourages the company's retail and institutional customers to increase their trading activities but also helps grow its margin loans.
The company has outstanding margin loans of
"We target the SET index reaching 1,760 points at year-end. Thai share prices are not regarded as too high even though the index has risen by 20% in the year to date, as the economy expects to see a V-shaped recovery," said head of strategy Kriengkri Tumnutud.
The company also expects its investment banking business will generate some revenue this year. It won a mandate to be involved in initial public offerings worth a combined
Mr Kobkiat said the company is applying for a licence to operate private fund business, expected to start operating by the final quarter.
"Private fund business will help us to be able to fill a marketing gap for customers who have high purchasing power," said the chief executive.
Four sectors _ property development, construction and building materials, hotels and tourism, automobiles, and consumer loans _ are expected to turn around next year.
The turnaround stocks include
(c)2014 Bangkok Post (Bangkok, Thailand)
Visit the Bangkok Post (Bangkok, Thailand) at www.bangkokpost.com
Distributed by MCT Information Services