CCET: Global Player in Downstream Electronics Industry

ARROW: Revenue to Flow Down the Pipe Amid Product Expansion

SMPC: Top-Three of Global LPG Cylinder Manufacturers

WICE: Ultimate Logistics Provider Expands Revenue Horizons

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

Cal Comp Electronics Thailand / Equity Bottom-Up

CCET reported 1Q18 net loss of Bt250m from net profit of Bt418m and Bt32m in 1Q17 and 4Q17, the first loss in more than 20 quarters. We currently put it for under review.<ul class="">
<li>1Q18 gross profit margins contracted YoY to 3.2% from 5.2% in 1Q17 on the back of strong Thai baht appreciation</li>
<li>1Q18 Sales dropped 3%YoY in Thai baht term while expanded by 9% in US dollar.</li>
<li>SG&amp;A to sales rose to 4.5% from 3.5% in 1Q17 due to operation expenses of the company’s subsidiaries in overseas.</li>
</ul>We currently put CCET for…

CCET reported 1Q18 net loss of Bt250m from net profit of Bt418m and Bt32m in 1Q17 and 4Q17, the first loss in more than 20 quarters. We currently put it for under review.
1Q18 gross profit margins contracted YoY to 3.2% from 5.2% in 1Q17 on the back of strong Thai baht appreciation
1Q18 Sales dropped 3%YoY in Thai baht term while expanded by 9% in US dollar.
SG&amp;A to sales rose to 4.5% from 3.5% in 1Q17 due to operation expenses of the company’s subsidiaries in overseas.
We currently put CCET for…

CCET: Fall in Sales and Margins Entailed the First Loss in Five Years