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Thailand Securities Firm Sees Growth in Private Client Unit.
Byline: Nuntawun Polkuamdee
Apr. 2--Recent bearishness aside, Phatra Securities remains confident in the local equity market this year, projecting the Stock Exchange of Thailand index reaching 860 points by year-end.
Growing interest in the market and the overall gains in the economy led the brokerage house to project a 30 percent rise in asset size for its private banking portfolio.
Kulnan Tsanthaiwo, managing director of Phatra's private client group, said the company had 46 billion baht in assets under management for private clients as of March 31, down from 48.6 billion at the end of 2003 but sharply higher from 18 billion at the end of ...
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Source: HighBeam Research, Thailand Securities Firm Sees Growth in Private Client Unit.