After merger, RHB OSK shoots for top 15 in securities industry within 18 months
RHB OSK Securities (Thailand), formerly known as OSK Securities (Thailand), aims to break into the top 15 within 18 months from 24th place in the industry now after completing its merger with RHB Investment Bank last month.
Chief executive officer Victor Yuen said yesterday that the merger with the investment bank, which has a footprint in eight markets in Asean, Hong Kong and Shanghai, would help reinforce its fundamentals to pursue the securities business in Thailand.
The brokerage, which accounts for 1.3-1.4 per cent of trading, will actively participate in the equity and futures businesses to boost its share of the equity market to 2 per cent and of the futures market to 1 per cent. That would ensure that it places in the top 15 of the 30 active securities houses in the country.
The company has 9,000 accounts but only 25 per cent are active. About 90 per cent of customers are individuals.
The company will emphasise research, which is a key differentiating factor in the brokerage business. It aims to be the research leader in small to mid-size market capitalisation stocks. The market cap of this segment is less than US$500 million (Bt14.9 billion).
The investment bank has strengths in mergers and acquisitions as well as the equity and debt capital markets, which could support the brokerage business including corporate finance.
The company will focus more on corporate finance by joining seven co-underwriting deals.
It aims to be the lead underwriter for at least three initial public offerings that are expected to mobilise Bt8 billion.
