InnovestX Emerges Strong in Offshore Stock Market with Over 110%
InnovestX Emerges Strong in Offshore Stock Market with Over 110%
“InnovestX Securities Co., Ltd.” the financial investment flagship of the SCBX Group, is committed to developing and fostering financial growth and investment opportunities through continuous product and service enhancements. Goal is to make investing accessible to everyone, utilizing various technologies and innovations, and paving the way for financial inclusivity and equal opportunities for success in the business sector. InnovestX is dedicated to becoming the leading securities company in Thailand, catering to the diverse needs of investors and empowering more Thai individuals to access investment opportunities. As of now, InnovestX has successfully grown its investor base to over 800,000 with a remarkable 110% growth in offshore stock investors compared to 2020.
Dr. Arak Sutivong, CEO of InnovestX Securities, stated “We would like to express our gratitude to the over 800,000 investors who have placed their trust in InnovestX’s services, reflected in the continuous growth of investor accounts with the company. According to data from the Stock Exchange of Thailand for Q1 2023, one out of every three new investors chooses InnovestX as their preferred platform for investment account opening, solidifying our leading position in the market with our user-friendly onboarding system. Our platform allows investors to conveniently access various asset classes, including Thai and international stocks, Thai and international mutual funds, bonds, and digital assets, all through a streamlined onboarding process.
Amid the current uncertain market conditions in Thailand due to unclear political direction in the short term and the global economic risks of recession, the global market offers more opportunities and options. It tends to provide better returns, allowing for risk diversification in investments. InnovestX has identified some intriguing stocks in various industries across countries like the United States, Europe, Japan, and China. Particularly, the technology sector, including medical technology and AI-supported semiconductor companies, media communications in China, and clean energy in Europe, has shown significant potential.
To make the most of these investment opportunities, InnovestX has been advising its investors through advisory services, investment knowledge sharing on social media platforms, and various seminars. This ensures that investors are well-informed and don’t miss out on any potential investment opportunities or make adjustments to their portfolios as needed. As a result, the number of InnovestX’s foreign stock investors has increased by up to 110% compared to the year 2021. InnovestX facilitates convenient access to global investments, including direct investments in equities and exchange-traded funds (ETFs) registered in 23 countries and 26 global markets, all through the application and website. Additionally, our Intelligent Portfolios service, providing various themes including international markets automatic portfolio management options, has led to over 75% growth in new and inexperienced investors venturing into the market, compared to the year 2020.
Furthermore, our Alpha Fund (Private Fund Service), comprising Country-Focused Funds in Thailand, Vietnam, and Indonesia, has consistently provided superior returns to investors, outperforming benchmark indices in each country since its inception. As of Q1 2023, based on data from the Securities and Exchange Commission of Thailand, we proudly hold the leading position in Thailand’s private fund sector, solidifying our standing as the securities company with the highest market share.
In the digital asset market, the trends look promising as investors are increasingly recognizing the importance of decentralization of these assets. This shift in perspective comes after the issues faced by the banking sector in the United States at the beginning of the year and signals of the Fed considering a halt to interest rate increase. Major global asset management firms like BlackRock have even applied to offer Spot Bitcoin ETFs, indicating growing institutional interest in digital asset investments. InnovestX is well-positioned to capitalize on this growing interest, offering a range of services including trading in more than 20 SEC-regulated cryptocurrencies and developing a digital asset ecosystem to explore new investment opportunities and create long-term financial prospects.”
Combining business success with a dedication to development and creating financial investment growth through their products and services, InnovestX has accomplished an impressive achievement, securing 11 prestigious awards from five leading institutions, both nationally and internationally, in the first half of the year 2023. The accolades were received from FinanceAsia, Global Brands Magazine, World Business Outlook, Global Business Outlook, and the Investment Analysts Association (IAA).
Dr. Arak emphasized, “We are delighted and deeply honored that InnovestX has received prestigious awards from leading institutions, both nationally and internationally in three significant areas. Firstly, InnovestX was recognized as a leading securities company in Thailand, providing products and services to individual and institutional investors. Secondly, the company was praised for its innovative platform, the InnovestX app, which revolutionizes investment access and simplifies the investment process, making it comprehensive, accessible, and on par with global standards. The app is also the first in Thailand to offer diverse investment opportunities for all investors, from newcomers to professionals. Lastly, InnovestX was commended for its outstanding investment analysis services, where our team of analysts consistently delivers comprehensive and high-quality investment strategies to investors.”
“From all the awards received and the aforementioned growth figures, it reflects the trust investors have placed in InnovestX’s services. It stands as a testament to InnovestX’s business success, demonstrating our ability to cater to the diverse needs of investors with a wide range of investment options. Investors can easily invest on their own through our platform or seek guidance from our investment consultants. We are determined to provide opportunities for investments in innovative formats, ensuring that investors can access and create sustainable financial growth and investment. Rest assured, InnovestX remains at the forefront of upholding business standards in line with regulatory requirements. We highly value and prioritize the feedback from our investors, as it helps us continuously develop and diversify our products and services, making investment convenient, secure, and responsive to investors’ ever-evolving needs. As we lay a strong foundation for the future of finance and investment in Thailand, we are dedicated to leveraging the latest technological innovations to empower Thai investors. Our unwavering commitment is to consistently develop our services and offerings, as we endeavor to become the investment partner of choice for investors.” concluded Dr. Arak.
InnovestX has received 11 prestigious awards from 5 leading national and global institutions, including:
Best Broker – 2023 from FinanceAsia in Hong Kong.
Most Innovative Use of Technology – 2023 from FinanceAsia in Hong Kong.
Most Innovative Investment Platform – 2023 from Global Brands Magazine in the United Kingdom.
Most Innovative Financial Products & Services – 2023 from Global Brands Magazine in the United Kingdom.
Leading Securities Company – Thailand 2023 from World Business Outlook in Singapore.
Best Investment Analysis Provider – Thailand 2023 from World Business Outlook in Singapore.
Most Innovative New Digital Investment Platform – InnovestX App from Global Business Outlook in the United Kingdom.
IAA BEST ANALYST AWARD 2022 from the Investment Analysts Association (IAA). Outstanding Awards:
Best Analyst Team – Excellent Investment Analysis Team.
Financial Business: Financial Services Group – Ms. Kittima Sattayapan.
Real Estate, Construction Materials, and Contracting Group – Ms. Termporn Tantivivat.
ESG Factor Analyst – Ms. Sirima Dissara.
