There have been 3 to 4 significant moves in the past three months for Seamico Capital Public Company Limited (ZMICO), starting with the return of the securities business license and the derivatives business license. Then a change of company’s name from Seamico Securities Public Company Limited to Seamico Capital Public Company Limited, followed by a restructuring of shareholders and company’s directors.
The moves raised questions from investors on what is happening to ZMICO?
Investors recognize ZMICO as a company engaging in securities business, and what would happen to the company after the return of the securities business license?
That is when investors are speculating on the coming of Mr. Rathian Srimongkol from Krungthai Card Public Company Limited (KTC) as a chairman of ZMICO, effective February 12, 2021. The change has made things more interesting as the person is also a Chief Executive Officer of KTC.
The connection between these two companies might be ZMICO’s other business, which is an asset management company (AMC). The business could synergize with KTC that has 1) credit loan, 2) personal loan, 3) car-title loan and 4) leasing business.
KTC has a leasing business that is a secured loan, whereas bad debt can be managed by ZMICO. ZMICO would have a bigger portfolio, while KTC would solve its non-performing loans as the company does not have debt collection and the license.
The two businesses could go along well while the main driver would be Mr. Rathian Srimongkol himself.
With just the name of Mr. Rathian Srimongkol listed as a shareholder of ZMICO by 1.512%, the share price has been on a rise for 10 consecutive days in hopes that the new chairman would build and restore ZMICO just like what he did for KTC during the crisis.