Phatra Securities scores best among brokerage houses
Phatra Securities emerged as the listed brokerage with the best record, chalking up an unreviewed third-quarter net profit of Bt155.95 million, up 60.71 per cent year on year.
Phatra Securities' robust quarterly net profit can be attributed to fee and services income, brokerage fees, interest and dividends.Net profit for the first nine months amounted to Bt586.72 million, up 83.11 per cent from Bt320.42 million in the same period last year. Revenues likewise rose, from Bt1.01 billion to Bt1.59 billion. In a filing with the Stock Exchange of Thailand, the broker said the main cause for the solid earnings was a sharp on-year increase in fees for acting as financial adviser to Rayong Refinery and Thai Beverage. Its fee and service income from January to September surged to Bt455.47 million, from Bt132.66 million in the same period last year. Brokerage fees for the first nine months increased to Bt962.13 million, from Bt763.38 million in the same period last year. Interest and dividends also rose, from Bt42.79 million to Bt141.54 million. Phatra's average daily value in the first nine months rose 13.29 per cent to Bt1.94 billion, from Bt1.72 billion last year. Its market share was 5.87 per cent, up from 4.81 per cent. Adkinson Securities saw its unaudited third-quarter net loss widen from Bt73.72 million to Bt371.39 million, due to sharp losses of Bt313.25 million in its investment portfolio. Sicco Securities' unreviewed third-quarter profit fell 68.89 per cent to Bt27.77 million. Kim Eng Securities, the largest brokerage in terms of market share, said third-quarter net profit fell 40.22 per cent to Bt98.38 million. Seamico Securities' unaudited third-quarter net profit fell to Bt23.42 million, from Bt23.46 million in the same period last year. Bualuang Securities' third-quarter net profit plunged 30.27 per cent, from Bt36.07 million to Bt25.15 million. However, net profit for the first nine months rose 37.02 per cent to Bt128 million.
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