SCBS expands worldwide investment channels
IMPRESSED by the good investor response to its international securities business, which has met growth targets only one year after its debut, SCB Securities has forged ahead with a plan to expand worldwide investment channels through the online "SCBS Glob
Thongmakut Thongyai, chief executive officer of SCBS, said yesterday that investors applying for international securities trading accounts had been increasing.
Thai and foreign customers opening trading accounts have reached more than 250, as targeted.
The company projects that its international securities business will continue enjoying double-digit growth this year as investors are increasingly familiar with international securities investment patterns and understand that they can diversify risks while earning more returns.
Realising the opportunities and increasing needs, SCBS has gone ahead with its marketing plan targeting wealthy customers and expanding service channels through its SCBS Global Trade to provide them with increased investment convenience and efficiency.
“Some investors feel the Thai stock market will be more volatile this year, and the price gap may not be attractive enough,” Thongmakut said.
“Some overseas stock markets provide higher yields than local markets. Under the circumstances, greater attention should be paid to international securities service this year, and we have not hesitated to expand our service channels through our online SCBS Global Trade system.
Nine exchanges
“The system enables investors to trade securities on nine stock markets worldwide on their own every hour of every day, which will help enhance profit-making opportunities,” he said.
Viravate Vongkitbuncha, senior vice president of SCBS’s international securities department, said investors could use the online channel to buy and sell securities in real time on their own in nine stock markets in the United States, Britain, France, Switzerland, Italy, Australia, Canada, Sweden and Hong Kong.
The system features various functions designed to let investors manage their investments more efficiently, such as advance bidding and offering, fundamental and technical data for securities worldwide and real-time investment portfolio monitoring.
Investors can also contact online international securities business officers to seek recommendations.
The online services are made available through Internet browsers, smartphones and tablets, and programs installed on computers.
The company is ready to provide advice to interested investors as statistics reveal that stock markets in some countries provided yields as high as 60 per cent in the second half of last year, making them an alternative that investors should not overlook.
SCBS has expanded its international securities trading service to 18 economies around the world – Malaysia, Vietnam, Indonesia, the Philippines, Singapore, the United States, Canada, Britain, France, Germany, Switzerland, Australia, Japan, South Korea, Hong Kong, mainland China, Sweden and Italy.
The company is determined to expand investment channels into other countries in the future.
