KSS doubles its capital as part of expansion plan

This is aimed at strengthening KSS’s financial position to support its mid-term business plan for 2018-2020.
KSS said it has received full support from the Bank of Ayudhya, the Krungsri Group and the Mitsubishi UFJ Financial Group (MUFG), Japan’s biggest financial group and one of the top five largest financial groups in the world, to expand further and serve demand from all customer segments.
Udomkarn Udomsab, managing director of KSS, said: “The recent achievement of KSS is clearly evidenced by a significant increase in average monthly trading transactions.
“In addition, we received a credit line worth Bt750 million from the Bank of Ayudhya in case the extra funding is needed to promptly support our business as a result of a rapid growth in transaction volume.”
He added that KSS has strategies to expand into investment banking, with both foreign and domestic institutional customers, as well as serve individual customers.
“KSS’s investment banking business posted a leap in growth thanks to the collaboration between the company and Bank of Ayudhya to provide services to a large number of the bank’s medium to large corporate customers and efficiently serve the diverse needs of Krungsri Group’s customers.
“Since the beginning of this year, KSS has been an underwriter for the IPOs of six companies. We are also in the process of handling an additional six or seven deals. As for two or three of them, we expect to be the lead underwriter for their IPOs with estimated fund-raising value of Bt3 billion in 2018.
“For individual customers, we have invested to develop financial technologies to enhance the investment efficiency and serve changing lifestyles.”
This included the launch of two mobile apps, StockRadars and Krungsri Stock Expert, plus the development of new investment tools and enhancements to the KSS website.