BS Group Announces Positive Profit Alert Regardless of the Market Volatility

HONG KONG, Feb. 22, 2012 /PRNewswire-Asia/ -- Bright Smart Securities & Commodities Group Limited ("BS Group" or "the Group", HKEx: 1428) is pleased to announce that, based on the preliminary review of the management accounts of the Group for the ten months ended 31 January 2012 and the management's estimate, the Group is expected to record a significant increase in net profit for the year ending 31 March 2012 as compared with that of the year ended 31 March 2011. The estimated profit growth is mainly attributable to the increase in turnover of the Group as a result of the expanded branch network which helped broaden the Group's customer base.

In 2011, the Group had successfully broadened its customer base by launching a series of aggressive marketing campaigns. As at the end of January 2012, the Group recorded a total of approximately 54,000 client accounts, representing an inspiring growth of 80% from approximately 30,000 accounts as at the end of January 2011. In particular, the launch of "HK$4.88" new fee scheme (for trading of CBBC and warrant) since October 2011 has enhanced the brand awareness of the Group and achieved great success through an overwhelming market response. During the period from November 2011 to January 2012, the average monthly newly-opened customer accounts hit a record high of 2,700, marking an increase of 42% from 1,900 during the period from April 2011 to September 2011. The Group's market share in the Hong Kong securities in January 2012 also grew by an impressive 19% when compared with September 2011.

Mr. Nelson Chan, Chief Executive Officer of BS Group, said, "The Group continues to expand actively despite the depressing performance of the Hong Kong equity market in 2011. This positive profit alert fully reflects the success of the Group's business strategy. The fact that we have been actively expanding our business while some of our peers recently announced profit warnings and contraction in their business, fully demonstrates our competitive edge. BS Group is the best choice for investors as we offer competitive commission rates, coupled with a strong capital base, extensive branch network, high quality customer services and a stable trading platform. We are satisfied with the present rapid growth in customer accounts. Given the strong reputation and competitive advantages of the Group, we believe our customer would not switch to the other small-sized brokers who offer even lower rate. We have full confidence in the prospects of the Group."

The information in the related announcement is based on the preliminary review of the management accounts of the Group for the ten months ended 31 January 2012. The Group's annual results announcement for the year ending 31 March 2012 will be published by the end of June 2012.

About BS Group

Listed on the Main Board of the Hong Kong Stock Exchange in 2010, Bright Smart Securities & Commodities Group Limited ("BS Group", HKEx: 1428) provides its clients with comprehensive and robust brokerage services including securities traded in Hong Kong, US, China (B), Singapore and Taiwan, Hong Kong stock options, global futures, IPO subscriptions and margin financing through its wholly-owned subsidiaries Bright Smart Securities International (H.K.) Limited and Bright Smart Futures & Commodities Company Limited. Leveraging on its reliable online trading platform and low commission policy, BS Group has achieved rapid growth and has a total of 13 branches distributed across Hong Kong, Kowloon and the New Territories. For more information, please visit www.bsgroup.com.hk.

SOURCE　Bright Smart Securities & Commodities Group Limited