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Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

Leading, full-service investment firm in Thailand

Pi Securities PCL, Thailand

Pi Securities is a well known securities company with 40 years experience in the industry, serving more than 60,000 clients. We offer one - stop service providing full range of financial products and services including extensive Brokerage, Proprietary Trading (Equities and Bonds), Advisory Services, Structured Products.

Moreover, our new research team tailored for institutional clients to focus on mid to small cap of Thai equities and trading strategies. Our services offered to our premium clients also include arrangement of company or site visits to with the managements of Thai listed companies.

Note: Effective on 1 March 2022, Country Group Securities PCL changed its name to Pi Securities

Equity Bottom-Up

<p>1Q18 net profit was Bt6.82m (-86%YoY and -25%QoQ). The result accounted for just 4% of our full-year forecast. We will review our target price.</p><ul class="">
<li>
<a href="https://www.smartkarma.com/entities/3689" target="_blank">Agripure Holding Plc(APURE TB)</a> reported 1Q18 net profit of Bt6.8m.(-86%YoY, -25%QoQ), mainly from gross profit margin and sales shortfall</li>
<li>1Q18 sales was Bt360m.(-11%YoY) and gross profit margin narrowed to 17.6% from 29.2% in 1Q17, the lowest in the ten quarters</li>
<li>The main raw materials’ crop, sweet corn, witnessed a shortage and delay due to unfavorable…</li>
</ul>

1Q18 net profit was Bt6.82m (-86%YoY and -25%QoQ). The result accounted for just 4% of our full-year forecast. We will review our target price.

Agripure Holding Plc(APURE TB) reported 1Q18 net profit of Bt6.8m.(-86%YoY, -25%QoQ), mainly from gross profit margin and sales shortfall
1Q18 sales was Bt360m.(-11%YoY) and gross profit margin narrowed to 17.6% from 29.2% in 1Q17, the lowest in the ten quarters
The main raw materials’ crop, sweet corn, witnessed a shortage and delay due to unfavorable…


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