Beyond, or BYD, announced its strategic plan following the merger with Kingford Securities, aiming to boost its market share to the top 3 in the industry and return to profitability next year. After the merger is completed on October 26, the combined market share will be 5.38%, ranking 5th in the industry, up from Beyond's previous 1.03% share (25th) and Kingford's 4.17% (7th). In the first half of the year, total revenue was 667 million baht, with operating profit before provisions in Q2/69 at 126 million baht, up 51%, but provisions of nearly 400 million baht were required for the investment in Thai Smile Bus, resulting in a net loss of 273 million baht. Mr. Jakkrit Charoenmethachai, Chief Executive Officer of Investment Consulting and Wealth Management, stated that all 37 Thai brokerages are facing declining commissions and a slowdown in retail trading, which now accounts for only 30% of market volume. The way out is through mergers and the adoption of AI to reduce costs, while shifting towards premium services.
Beyond Securities PCLBeyond's merger with Kingford lifts combined market share to 5.38% (5th) and targets top-3 and a return to profitability next year.
Beyond had to book nearly 400 million baht in provisions for its investment in Thai Smile Bus, signaling a troubled stake.
