Maybank Securities (Thailand) Plc. or MST reported the Company’s operating results for the year ended December 31, 2021, with net profit of Baht 760.79million, an increase of Baht 276.34million or 57.04% from net profit of Baht 484.45 million for the same period of last year.

Mr. Arapat Sangkharat, Chief Executive Officer, Maybank Securities (Thailand) Plc. or MST disclosed the Company’s net profit for the year ended December 31, 2021 was Baht 760.79million, increase of 57.04% or Baht 276.34million from net profit of Baht 484.45 million for the same period of last year. The main variances comparing to last year were the brokerage fees income increased by 25.30% or Baht 500.14 million, from Baht 1,976.45 million to Baht 2,476.59 million. The reasons were brokerage fees income from Securities Business increased by 29.30% or Baht 525.34 million, from Baht 1,792.76 million to Baht 2,318.10million as a result from the average daily trading value increased by 36.79% from Baht 68,606.91 million per day to Baht 93,845.64million per day coupled with the proportion of retail brokerage fee which is the main contribution to the Company revenue increased from 43.66% to 46.52%. As a result, average trading value increased by 45.75% from Baht 29,956.10million per day to Bath 43,660.58million per day. Brokerage fees from Derivatives Business decreased by 14.15% or Baht 25.99million, from Baht 183.69 million to Baht 157.70million. Other brokerage fees, which is mostly derived from tender offer service, increased by 100% or Baht 0.79 million.

Fee and service income increased by 51.36% or Baht 71.43 million, from Baht 139.09 million to Baht 210.52 million derived from increase in underwriting fee of Baht 36.11 million, increase in financial advisory fee of Baht 9.34 million and increase in selling agent fee income of Baht 33.36 million while other service fees income decreased by Baht 7.38 million. Other income increased by 28.92% or Baht 203.13 million, from Baht 702.28 million to Baht 905.41 million. It was derived from increase in income from interest on margin loans by Baht 172.55 million, increase in gain on investments and derivatives by Baht 82.53 million against with decrease in other income by Baht 51.95 million.

“The Company's financial performance last year exceeded our targets and expectations. We thank everyone in this collaborative effort to deliver service and commitment to our clients.

In 2022, we are ready to push forward our growth agenda with full strength. We see the operating outlook turning favorable as the pandemic becomes endemic and lifestyle returns to normalcy. Economic activity should revive allowing households to rebuild income and the rest will follow the natural progression of recovery from improving consumption that in turn jump starts the capex cycle hence complementing and magnifying the benefits of resilient exports that has been cashing in on the global recovery.

We see the Thai Securities industry remaining vibrant bolstered by regaining confidence and strong impetus to rebuild wealth.  Amidst ever increasing competition we have high confidence in our cadre of experienced Relationship Managers and Investment Consultants to propel forward the wealth management service that we launched last year. We are ready to meet the challenges as we remain committed to advance our agenda of democratizing access to investing for all,” added Mr. Arapat