Pattaya Mail turns 12

Vol. XIII No. 35
Friday September 2 - September 8, 2005

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Fun City By The Sea

Updated every Friday
by Saichon Paewsoongnern

 

BUSINESS 
HEADLINES [click on headline to view story]: 

Top stock analysts see decline in trading value this year

Industrial factories trained on how to save energy

Top stock analysts see decline in trading value this year

An average daily trading value of securities on the Stock Exchange of Thailand (SET) is expected to reduce to less than 20 billion baht this year from 25 billion last year due to sluggishness of the overall market, according to a leading securities analyst.

Montri Sornpaisal, president of Kim-Eng Securities Plc, said the declined trading value would dampen total revenue earned by the company from the securities brokerage business.

In the first half of this year, he disclosed, the firmís revenue from the securities trading business totaled 1.18 billion baht, compared with 1.69 billion last year.

Its market share in the securities business was 10.74 percent, down from 11 percent in the first half of last year.

However, he believed the company would regain the market share of 11 percent for the whole year and become the top securities firm in terms of market share.

Montri forecast that more retail investors would return to the market in the second half of this year.

The first half of this year saw foreign investors increase their trading portion of the market, resulting in the company losing some market share to foreign securities firms.

He said Kim-Eng plans to add maybe one or two more branches by the end of this year. Kim-Eng currently has 37 branches.

It is expected that approximately 300-400 new customers will open securities trading accounts each month. (TNA)


Industrial factories trained on how to save energy

The Industry Ministry has forged ahead with a plan to encourage industrial factories to help reduce energy consumption by holding training courses on how to save energy.

Permanent Secretary for Industry Chakramon Pasukvanich disclosed that the ministry had recently held a meeting of more than 374 officials from provincial industry offices countrywide.

The meeting was aimed at transferring knowledge and technology on how to save and conserve energy in industrial factories to the officials. It is expected that these officials would play an instrumental role in disseminating the information to factories owners.

The owners could then use the information to help reduce operating costs by improving the production efficiency of machinery, and bringing industrial waste for conversion into alternative fuel such as bio-energy.

The Industrial Works Department has implemented the energy conservation program in six industries with high-energy consumption. These included cold storage, textiles, canned foods, plastics, rubber products, and metal melting.

Under the program, knowledge and training on energy conservation has so far been transferred to more than 1,000 industrial plants nationwide.

Guidebooks on how to save energy in industrial plants have been handed to the factory owners so that they could apply them for use in their own plants. (TNA)



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