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NewsThai Maybank Kim Eng sees lower net profit in 2011
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Thai Maybank Kim Eng sees lower net profit in 2011
by hlk Mon 28 Nov 2011, 18:50
BANGKOK: Thai Maybank Kim Eng Securities (Thailand) Pcl expects 2011 net profit to be lower than 2010 due to impact from flooding, which forced the top Thai broker to temporarily close some branches, Chief Executive Montree Sornpaisarn told reporters
* Expects 2012 net profit to be higher than this year, when its market share is likely to be lower than last year
* Kim Eng Thai unit was recently renamed Maybank Kim Eng after Malayan Banking Bhd (Maybank) acquired its Singapore parent earlier this year
* The broker reported a nine-month net profit of 547 million baht ($17 million), versus 563 million baht a year earlier($1 = 31.28 Baht)
* Expects 2012 net profit to be higher than this year, when its market share is likely to be lower than last year
* Kim Eng Thai unit was recently renamed Maybank Kim Eng after Malayan Banking Bhd (Maybank) acquired its Singapore parent earlier this year
* The broker reported a nine-month net profit of 547 million baht ($17 million), versus 563 million baht a year earlier($1 = 31.28 Baht)
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