Bearish sentiment this year may prompt many investors to shy away from the Thai stock market.
Mr Patcharanon expressed that CGS-CIMB currently ranks top among securities companies in Singapore and second in Indonesia. In Thailand, the company stands around 9th place among the 37 brokers operating here.
A number of initial public offerings (IPOs), including the US$1 billion Big C Retail Corp deal and SCG Chemical going public were postponed to next year because of unfavourable market conditions.
China Galaxy Securities (CGS) has a more upbeat outlook as one of only two securities companies in the mainland owned by the Chinese government, in addition to ICBC.
CGS, which operates in 15 countries with 495 branches, owns 75% of CGS-CIMB Securities and is in the final stages of acquiring more shares for full ownership of its joint venture in Thailand.
“We…
