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Market and Financial Performance of Thailand Securities Industry (as of 31 December 2012). Source : SEC / SET/ TFEX. Market Performance – SET & MAI. Market Performance – SET & MAI (cont.). Market Performance – TFEX. Market Performance – TFEX. Market Performance – TFEX (cont.). - PowerPoint PPT Presentation
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1
Market and Financial Performance Market and Financial Performance ofof
Thailand Securities Industry Thailand Securities Industry
(as of 31 December 2012)(as of 31 December 2012)
Source : SEC / SET/ Source : SEC / SET/ TFEXTFEX
2
Market Performance – SET & MAIMarket Performance – SET & MAI
Index Series 2011 2012 % change
SET Index 1,025.32 1,391.93 35.76%
SET50 Index 718.40 945.39 31.60%
SET100 Index 1,559.38 2,078.67 33.30%
FTSE SET All-share 1,239.40 1,681.92 35.70%
FTSE SET Large Cap 1,240.09 1642.61 32.46%
FTSE SET Mid Cap 1,207.54 1757.03 45.50%
FTSE SET Mid/Small Cap 1,239.01 1839.90 48.50%
FTSE SET Small Cap 1,368.93 2171.82 58.65%
FTSE SET Fledging 1,290.32 2043.89 58.40%
MAI 264.23 415.68 57.32%
3
2011 2012
Market Capitalization (mil. baht) - SET - MAI
8,485,0068,407,696
77,310
11,964,46511831, ,
448
13301
7
Turnover Ratio - SET - MAI
85.2%84.1%
228.0%
774. %753
2 8 4 .3 %
Total Turnover (mil. baht) - SET - MAI
7,191,4807,040,458
151,022
7,914,5677,615,638
298,929
Avg. Daily Trading Value (mil. baht) - SET - MAI
29,47328,854
619
32,30431,084
1,220
No. of Listed Companies - SET - MAI
545472
73
558477
81
No. of Listed Securities - SET - MAI
848755
93
1,048948100
No. of SET’s Members 38 38
Market Performance – SET & MAI (cont.)Market Performance – SET & MAI (cont.)
4
Market Performance – TFEXMarket Performance – TFEX
2011 2012
Total Trading Volume (contracts) 10,027,116 10,457,928
- 50 Baht Gold Futures 1,817,483 1,045,370
-10 Baht Gold Futures 2,171,795 2,597,235
- Interest Rate Futures 429 27
- Single Stock Futures 1,578,092 2,168,037
- SET50 Index Futures 4,316,437 4,034,460
- SET50 Index Options 107,993 54,057
- Silver Futures 31,567 14,590
- Brent Crude Oil Futures 3,320 147,823
- USD Futures - 396,138
- Sector Futures - 191
5
Market Performance – TFEXMarket Performance – TFEX
2011 2012
Average Daily Volume (contracts)
41,145 43,823
- 50 Baht Gold Futures 7,449 4,267
-10 Baht Gold Futures 8,901 10,601
- Interest Rate Futures 2 0
- Single Stock Futures 6,468 8,849
- SET50 Index Futures 17,690 16,467
- SET50 Index Options 443 221
- Silver Futures 236 60
- Brent Crude Oil Futures 64 603
- USD Futures - 2,751
- Sector Futures - 4
6
2011 2012
Open Interest (contracts) 56,452 238,981
- 50 Baht Gold Futures 8,627 11,803
-10 Baht Gold Futures 14,695 21,326
- Interest Rate Futures 2 -
- Single Stock Futures 9,514 154,366
- SET50 Index Futures 22,421 36,920
- SET50 Index Options 955 1,569
- Silver Futures 229 183
- Brent Crude Oil Futures 9 744
- USD Futures - 12,065
- Sector Futures - 5
Market Performance – TFEX (cont.)Market Performance – TFEX (cont.)
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Aggregate Balance Sheet of Securities CompaniesAggregate Balance Sheet of Securities Companies
(unit : mil. baht) 2011 2012 % change
Asset 160,607 223,833 39.4%
Liabilities 92,660 150,885 62.8%
Equity 67,948 72,948 7.4%
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Assets Structure of Securities CompaniesAssets Structure of Securities Companies
2012
Premises & Equipment
1%Others
4%
TCH Receivable 9%
Investment in subsidiary
2% Investment in Debt & Equity
13%
L/T Deposits7%
Cash24%
Securities Business
Receivable40%
2011
Premises & Equipment
2%Others
5%
TCH Receivable 8%
Investment in subsidiary
3%
Investment in Debt & Equity
10% L/T Deposits6%
Cash38%
Securities Business
Receivable28%
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Liabilities Structure of Securities CompaniesLiabilities Structure of Securities Companies
Others13%
Securities Business Payables
68%
TCH Payables8%
Borrowings11%
2011 2012
Others14%
Securities Business Payables
74%
TCH Payables6%
Borrowings6%
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Aggregate Income Statement of Securities Aggregate Income Statement of Securities CompaniesCompanies
(unit : mil. baht) 2011 2012 % change
Brokerage - Securities 21883, 22570 314
Brokerage - Derivatives 2818, 2130, -2442. %
Underwriting 338 1118, 23137. %
Financial Advisory 977 855 -1249. %
Gains on Trading - Securities -1011, 1300, 22854. %
Gains on Trading – Derivatives 2738, 934 -6 5 .8 9 %
Interest and Dividend 2502, 2640, 550. %
Others 3,191 4,090 28.20%
Total Revenue 33,435 35,636 6.58%
Expenses on Borrowing 1,053 1,390 31.94%
Fee & Service Expenses 2,511 2,657 5.79%
Provision for Bad Debt / Doubtful Account
65 -170 -363.29%
Personnel Expenses 13,273 13,507 1.76%
Premises & Equipment 3,137 3,382 7.82%
Other Expenses 3,469 3,835 10.56%
Total Expenses 23,508 24,600 4.65%
Net Profit 6,720 8,470 26.10%
Corporate Tax 3,207 2,565 -20.00%
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Revenue Structure of Securities CompaniesRevenue Structure of Securities Companies
20122011
Others12%
Interest and Dividend
7%
Brokerage - Securities
64%
Brokerage - Derivatives
6%
Underwriting3%
FA2%
Proprietary Trading
6%
Others10%
Interest and Dividend
7%
Brokerage - Securities
66%
Brokerage - Derivatives
8%
Underwriting1%
FA3%
Proprietary Trading
5%
12
Expenses Structure of Securities CompaniesExpenses Structure of Securities Companies
Others15%
Expenses on Borrowing
6%
Fees & Services Expenses
11%
Personnel Expenses
54%
Premises & Equipment
14%
2011 2012
Others15%
Expenses on Borrowing
4%
Fees & Services Expenses
11%
Provision for Bad Debt
0.19%
Personnel Expenses
57%
Premises & Equipment
13%
13
Cost to Income RatioCost to Income Ratio of Securities Companiesof Securities Companies
0.690.65
0.830.75
0.640.70
0.69
0.00
0.20
0.40
0.60
0.80
1.00
1.20
time
14
Net Profit and ROE of Securities CompaniesNet Profit and ROE of Securities Companies
15
AppendixAppendix 11
No. of Branches 2011 2012
Bangkok & Surrounding Area 213 231
Provincial Area 253 286
Investor Contact – Equity 2011 2012
Type ก (Analyst) 365 361
Type ข (Marketing) 6,953 6,934
Investor Contact – Derivatives 2011 2012
Type ก (Analyst) 75 69
Type ข (Marketing) 4,609 4,385
Investor Contact – Capital Market
2011 2012
Analyst - 19
Marketing - 567
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Appendix 2Appendix 2
No. of Accounts – Equity 2011 2012
Total Accounts 700,225 797,326
Active Accounts 153,147 219,946
% Active Accounts 21.87% 27.59%
No. of Internet Accounts – Equity
2011 2012
Total Internet Accounts 344,834 446,870
Active Internet Accounts 77,295 122,691
% Active Accounts 22.42% 27.46%
No. of Accounts – Derivatives 2011 2012
Total Accounts 62,883 80,893
17
Appendix 3Appendix 3
2011 2012
Type of Investor
Trading Volume
(Mil. Baht)
Brokerage Fee (Mil. Baht)
Avg. Commissio
n Rate
Trading Volume
(Mil. Baht)
Brokerage Fee
(Mil. Baht)
Avg. Commissio
n Rate
Local Institution
1,261,418 2,567 0.20% 1,229,402 2,300 019. %
Proprietary Port
1,893,515 - - 2,050,721 - -
Foreign 3,271,929 4,955 0.15% 3,827,007 5,192 014. %
Retail 7,654,055 14,359 0.19% 8,124,145 15,077 019. %
Total 14,080,916 21,881 0.16% 15,231,275 22,570 015. %
Total (x-prop)
12,187,401 21,881 0.18%131805, ,
5422,570 017. %
Average Commission RateAverage Commission Rate - - EquityEquity
2011 2012
Trading Volume (Contract)
Brokerage Fee
(Mil. Baht)
Avg. Commission
(Baht/Contract)
Trading Volume (Contract)
Brokerage Fee
(Mil. Baht)
Avg. Commission
(Baht/Contract)
10,027,116 2,822 281.44 10,457,928 2,130 203.67
Average Commission RateAverage Commission Rate - - DerivativesDerivatives
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