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

Pi Research

Thai Equity - Bottom-up - Equities

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Equity Bottom-Up

<p><strong>ATP30 reported 1Q18 net profit of Bt10.5m (+446%YoY, -1%QoQ). The result was accounts for 27% of our full-year forecast and in-line with our forecast.</strong></p><ul>
<li>1Q18 service income grew at 27%YoY driven by service expansion from existing clients and new clients such as Autoliv and petrochemical business group.</li>
<li>Gross profit margin reached an all-time high of 27.5% on the back of more effective cost management and lower maintenance expenses.</li>
<li>Administration expenses increased 11%YoY to Bt11.5m mainly due to a…</li>
</ul>

ATP30 reported 1Q18 net profit of Bt10.5m (+446%YoY, -1%QoQ). The result was accounts for 27% of our full-year forecast and in-line with our forecast.
1Q18 service income grew at 27%YoY driven by service expansion from existing clients and new clients such as Autoliv and petrochemical business group.
Gross profit margin reached an all-time high of 27.5% on the back of more effective cost management and lower maintenance expenses.
Administration expenses increased 11%YoY to Bt11.5m mainly due to a…


ATP30: Substantial Surge in Sales Growth Along with Margin Expansion

ATP30 PCL

ATP30: Substantial Surge in Sales Growth Along with Margin Expansion