Upload
bennett-ball
View
215
Download
0
Tags:
Embed Size (px)
Citation preview
1
Market and Financial Performance of
Thailand Securities Industry
(as at 31 December 2010)
Source : SEC / SET
2
Market Performance – SET & MAI
Index Series 2009 2010 % change
SET Index 734.54 1,032.76 40.60%
SET50 Index 520.69 720.19 38.31%
SET100 Index 1,120.26 1,573.02 40.41%
FTSE SET All-share 889.17 1,247.64 40.31%
FTSE SET Large Cap 892.74 1,232.28 38.03%
FTSE SET Mid Cap 867.97 1,267.42 46.02%
FTSE SET Mid/Small Cap 871.02 1,307.58 50.12%
FTSE SET Small Cap 883.43 1,464.42 65.76%
FTSE SET Fledging 1,002.46 1,317.91 31.47%
MAI 215.30 272.79% 26.70%
3
Market Performance – SET & MAI (cont.)
2009 2010
Market Capitalization (mil. baht)
- SET
- MAI
5,912,230
5,873,100
39,130
8,389,812
8,334,684
55,128
Turnover Ratio
- SET
- MAI
93.21%
91.90%
295.35%
98.36%
97.66%
203.82%
Total Turnover (mil. baht)
- SET
- MAI
4,428,979
4,338,479
90,500
7,033,946
6,937,890
96,057
Avg. Daily Trading Value (mil. baht)
- SET
- MAI
18,226
17,854
372
29,066
28,669
397
No. of Listed Companies
- SET
- MAI
535
475
60
534
474
60
No. of Listed Securities
- SET
- MAI
663
588
75
707
623
84
No. of SET’s Members 39 39
4
Market Performance – TFEX
2009 2010
Total Trading Volume (contracts) 3,075,318 4,519,436
- Gold Futures 311,591 971,423
- Interest Rate Futures - 41
- Single Stock Futures 145,758 969,353
- SET50 Index Futures 2,522,465 2,471,302
- SET50 Index Options 95,504 107,317
Average Daily Volume (contracts) 12,771 18,676
- Gold Futures 1,397 4,014
- Interest Rate Futures - 1
- Single Stock Futures 600 4,006
- SET50 Index Futures 10,381 10,212
- SET50 Index Options 393 443
5
Market Performance – TFEX (cont.)
2009 2010
Total Trading Value (mil. baht) 1,344,318 1,665,911
- Gold Futures 264,429 561,867
- Interest Rate Futures - -
- Single Stock Futures 7,134 11,403
- SET50 Index Futures 1,062,509 1,092,368
- SET50 Index Options 245 272
Open Interest (contracts) 28,281 77,955
- Gold Futures 5,681 16,246
- Interest Rate Futures - -
- Single Stock Futures 3,337 35,356
- SET50 Index Futures 18,961 25,553
- SET50 Index Options 302 797
6
Aggregate Balance Sheet of Securities Companies
(unit : mil. baht) 2009 2010 % change
Asset 159,229 189,008 18.70%
Liabilities 95,347 120,021 25.88%
Equity 63,882 68,987 7.99%
7
Assets Structure of Securities Companies
2010
Premises & Equipment
1%
Others13%
TCH Receivable 7%
Investment in subsidiary
2%
Investment in Debt & Equity
14%
L/T Deposits4%
Cash29%
Securities Business
Receivable30%
Premises & Equipment
1%
Others18%
Securities Business
Receivable22%
Cash31%
L/T Deposits4%
Investment in Debt & Equity
16%
Investment in subsidiary
2%
TCH Receivable 6%
2009
8
Liabilities Structure of Securities Companies
Others26%
Securities Business Payables
58%
TCH Payables9%
Borrowings7%
2009 2010
Others33%
Securities Business Payables
52%
TCH Payables7%
Borrowings8%
9
Aggregate Income Statement of Securities Companies(unit : mil. baht) 2009 2010 % change
Brokerage - Securities 17,463 22,147 26.82%
Brokerage - Derivatives 1,403 1,521 8.45%
Underwriting 279 522 87.04%
Financial Advisory 782 1,113 42.35%
Gains on Trading - Securities 599 4,076 580.69%
Gains on Trading – Derivatives 676 250 -63.07%
Interest and Dividend 1,222 1,441 17.91%
Others 2,062 2,359 14.43%
Total Revenue 24,486 33,430 36.53%
Expenses on Borrowing 317 519 63.78%
Fee & Service Expenses 1,554 1,975 27.05%
Provision for Bad Debt / Doubtful Account 49 77 56.13%
Personnel Expenses 10,830 13,127 21.21%
Premises & Equipment 3,105 2,957 -4.76%
Other Expenses 2,564 2,988 16.51%
Total Expenses 18,420 21,643 17.50%
Net Profit 4,503 8,601 91.00%
Corporate Tax 1,563 3,213 105.57%
10
Revenue Structure of Securities Companies
20102009
Others7%
Interest and Dividend
4%
Brokerage - Securities
66%
Brokerage - Derivatives
5%
Underwriting2%
FA3%
Proprietary Trading
13%Others
8%
Interest and Dividend
5%
Brokerage - Equity72%
Brokerage - Derivatives
6%
Underwriting1%
FA3%
Proprietary Trading
5%
11
Expenses Structure of Securities Companies
Others14%
Expenses on Borrowing
2%
Fees & Services Expenses
9%
Provision for Bad Debt
0.36%
Personnel Expenses
61%
Premises & Equipment
14%
2009 2010
Other 14%
Expenses on Borrowing
2%
Fees & Services Expenses
8%
Provision for Bad Debts
0.27%
Personel Expenses
59%
Premises & Equipment
17%
12
Cost to Income Ratio of Securities Companies
0.64
0.750.83
0.65
0.690.70
0.00
0.20
0.40
0.60
0.80
1.00
1.20
2005 2006 2007 2008 2009 2010
tim
e
13
Net Profit and ROE of Securities Companies
5,391 5,247
6,568
2,456
4,503
8,601
9.49%7.86%
5.45%
7.11%8.56%8.13%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2005 2006 2007 2008 2009 2010
Btm
.
0%
5%
10%
15%
20%
Net Profit ROE
14
Appendix 1
No. of Branches 2009 2010
Bangkok & Surrounding Area 180 201
Provincial Area 214 225
Investor Contact – Equity 2009 2010
Type ก (Analyst) 360 353
Type ข (Marketing) 5,858 6,241
Investor Contact – Derivatives 2009 2010
Type ก (Analyst) 68 72
Type ข (Marketing) 3,655 3,951
15
Appendix 2
No. of Accounts – Equity 2009 2010
Total Accounts 561,318 626,441
Active Accounts 120,668 161,470
% Active Accounts 21.50% 25.77%
No. of Internet Accounts – Equity 2009 2010
Total Internet Accounts 202,819 266,283
Active Internet Accounts 45,143 69.137
% Active Accounts 22.26% 25.96%
No. of Accounts – Derivatives 2009 2010
Total Accounts 29,514 41,880
16
Appendix 3
2009 2010
Type of Investor
Trading Volume
(Mil. Baht)
Brokerage Fee
(Mil. Baht)
Avg. Commission
Rate
Trading Volume
(Mil. Baht)
Brokerage Fee
(Mil. Baht)
Avg. Commission
Rate
Local Institution 602,341 1,483 0.25% 1,081,821 2,119 0.20%
Proprietary Port 1,167,479 - - 1,713,469 - -
Foreign 1,753,876 3,800 0.22% 2,619,442 4,316 0.16%
Retail 5,334,262 12,180 0.23% 8,653,162 15,713 0.18%
Total 8,857,958 17,463 0.20% 14,067,894 22,148 0.16%
Total (x-prop) 7,690,479 17,463 0.23% 12,354,425 22,148 0.18%
Average Commission Rate - Equity
2009 2010
Trading Volume
(Contract)
Brokerage Fee
(Mil. Baht)
Avg. Commission
(Baht/Contract)
Trading Volume
(Contract)
Brokerage Fee
(Mil. Baht)
Avg. Commission
(Baht/Contract)
3,075,318 1,403 456.21 4,519,436 1,521 336.55
Average Commission Rate - Derivatives