On May 8, 2025, CGSI, or CGS International Securities (Thailand) Co., Ltd., proudly announced that it has been awarded the title of Best Broker Domestic for the year 2568 BE by the FinanceAsia Awards 2025. This recognition marks a significant achievement for CGSI, as it has been awarded this honor for two consecutive years, reflecting its strong performance in the Thai brokerage market.
In addition to this prestigious accolade, CGSI was also ranked as the top research firm in the region for 2568 BE by Extel, formerly known as Institutional Investor. This ranking is based on an extensive survey that captures the opinions of over 3,600 fund managers and analysts from 365 institutions that collectively spend at least one million U.S. dollars on commissions in Asia annually.
FinanceAsia, a leading magazine in Asia, recognized CGSI for its outstanding achievements in providing exceptional brokerage services, as evidenced by high customer satisfaction scores and the introduction of innovative trading solutions. Mr. Patcharanant Cheewakreangkrai, the Executive Director of CGSI, expressed his gratitude for the recognition, stating, "We are delighted to receive the Best Broker Domestic award from FinanceAsia for the second consecutive year. This reflects CGSI's commitment to maintaining high operational standards that satisfy our customers and instill confidence in our services."
Furthermore, CGSI's research team has garnered individual accolades as well. Analysts Mr. Kessam Phanthurat, Mr. Bornthep Rayubasand, and Mr. Amornrat Cheewawitchawalkul were recognized as top analysts in their respective fields: ESG, sustainable development, and chemicals. This recognition highlights the expertise and dedication of CGSI's research team in delivering valuable insights and advisory services to clients.
The Extel survey, now in its 32nd year for the Asia region, excluding Japan and Australia, highlighted CGSI's exceptional performance in the regional brokerage sector. In addition to being recognized as the leading brokerage firm, CGSI also achieved first place for its institutional client research coordination team and ranked third for its sales team. These accolades underscore CGSI's position as a leading securities firm in Thailand, renowned for its quality insights and global research advisory services.
Mr. Patcharanant emphasized that CGSI's affiliation with China Galaxy Securities, one of China's leading brokers, enhances its ability to develop products and services that align with customer needs. He stated, "We will continue to strive to improve our investment products and services to support our clients in growing their investment assets."
In another significant announcement on the same day, Mr. Thanaworrathorn Pholwichai, the President of the Economic and Business Forecasting Center of the Thai Chamber of Commerce, revealed the results of a spending behavior survey conducted during the opening of the academic year and the Visakha Bucha holiday. The survey indicated that total spending during these periods was estimated to exceed 66,586 million baht.
According to Mr. Thanaworrathorn, the spending behavior during the academic year opening is projected to reach a record high of 62,615 million baht, marking a 3.80% increase from the previous year, which had a spending value of 60,323 million baht. This increase suggests that parents are placing greater importance on their children's education, with an average spending of 26,039 baht per person.
During the Visakha Bucha holiday, spending is also expected to be robust, with an estimated 3,971 million baht, representing a 4.16% increase compared to the previous year. The average spending per person for various activities includes 8,535 baht for travel, 1,903 baht for religious activities, 1,623 baht for other activities, 722 baht for staying at home, and 1,033 baht for returning to their hometowns.
Mr. Thanaworrathorn noted, "The survey results do not indicate a severe downturn in the Thai economy, as people continue to spend on education and engage in tourism and various activities during the long holiday. This positive trend may be bolstered by the United States delaying the imposition of retaliatory tariffs on trading partners, including Thailand, by an additional 90 days, which may be extended further if negotiations with various trading partners do not yield clear results. Despite the ongoing challenges, there are signs of improvement in the economy, even though it has not fully recovered yet."
In conclusion, both CGSI's accolades and the positive spending trends reported by the Thai Chamber of Commerce reflect a resilient financial landscape in Thailand. As CGSI continues to innovate and maintain high standards in brokerage services, and as consumer spending remains strong in key sectors, the outlook for the Thai economy appears cautiously optimistic.
