|UOB Kay Hian Securities (Thailand)
Co., Ltd. (UOBKHST) is a wholly owned subsidiary of UOB
Kay Hian Pte Ltd. (UOBKH). With the completion of the merger between
Kay Hian and UOB Securities, two of Singapore’s most active retail
brokers and an injection of United Overseas Bank’s (UOB) regional
stockbroking interest into the newly merged entity. UOB Kay Hian has
emerged, as the Island State’s most dominant retail broker with a
reputation as a regional powerhouse in the making.
|Since first quarter of 2001, a series
of corporate manoeuvres took place within UOBKHST to reflect the ultimate
ownership of the Thai unit, which culminated in a change of name from
UOB Securities (Thailand) to UOB Kay Hian (Securities) Thailand. The
subsequent relocation of the Thai unit’s head office to Sindhorn Tower,
Wireless Road was also deemed a symbolic move attesting the Singapore
parent company’s firm commitment to Thailand’s capital market.
|In perspective, UOBKHST is a full
licensed broker and currently assumes seat No. 26 on the Stock Exchange
|With an emphasis on improving clients’
satisfaction level, UOBKHST has initiated a revamp of the securities
operation. Meanwhile, the company has also embarked on a plan to enlarge
its sales force and significant milestones were achieved when UOBKHST
acquired. It acquired the retail broking business of BNP Baripas Peregrine
(Thailand) in September 2001 and additionally opened 10 new branches
throughout the country resulting in a network of 15 branches and about
200 Sales and dealers (Please see Contact Us for more information).
Our average market share has been consistently over 4 percent since
the beginning of 2002.
|Notwithstanding UOBKHST’s primary
focus on delivery of quality research products and a constant adjustment
of its product mix to suit investors’ palate; being service-minded,
the company has vastly improved the speed of dissemination of research
products, ensuring clients are able to make timely investment decisions
based on up-to-date major market developments.
|In a move to consolidate UOBKH’s position
as a regional player, the group acquired Worldsec International. Worldsec
is an institutional broker based out of Hong Kong with a distinctive
focus on bottom-up fundamental research. In Thailand, Worldsec’s institutional
research was integrated into UOBKHST’s research, underpinning further
the research prowess of the Thai unit.
|Besides stockbroking, UOBKHST has
also begun to make inroads in the origination of equities and debt
products as well as being an active participant in primary market
deals. The company has also been successful in acting as the financial
advisor for a spectrum of major Thai corporations.
|Leveraged on the financial strength
and expertise of UOB group of companies which includes a banking presence
in Thailand through UOB Radanasin, UOBKHST has successfully elevated
itself to the forefront of local financial services industry. With
the backing of UOBKH and entrepreneurial spirit of its local management,
“UOB Kay Hian” will certainly be a name to reckon with.