BANGKOK, July 31 Kim Eng Securities KEST.BK,
Thailand's largest broker, reported a 35 percent rise in
second-quarter earnings on Friday thanks to a jump in average
daily trading volume, slightly above market expectations.
Kim Eng, a subsidiary of Singapore's Kim Eng Holdings
KEHS.SI, posted an April-June net profit of 233.4 million
baht ($6.9 million), or 0.41 baht per share, up from 173
million baht a year earlier.
The result was higher than a 229 million baht net profit
forecast from two analysts surveyed by Reuters and was far
above the 46 million baht it made in the first quarter.
Kim Eng stock closed unchanged at 13.20 baht before the
results came out on Friday. The broader market index .SETI
rose 0.3 percent.
Its shares have gained 66 percent since the start of this
year, outperforming a 39 percent rise in the main stock index.
The shares slumped 69 percent in 2008.
(Reporting by Ploy Chitsomboon; Editing by Alan Raybould)