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

Thematic (Sector/Industry)

Thailand Retailing / Thematic (Sector/Industry)

<ul>
<li>The sector will benefit from the economic recovery as shown by Consumer Confidence Index that recovered to 44.6% in February 2022 from the bottom at 36.7% in July 2021, </li>
<li>All retailers (BJC, CPALL, CRC, HMPRO, GLOBAL, DOHOME, and ILM) are reported with positive SSSG at a range of 4% to 26% amid Omicron outbreaks in 1Q22. We expect SSSG</li>
<li>Top home improvement players (CRC, HMPRO, GLOBAL, and DOHOME) plan to expand its stores by 10% in 2022 up from 5%CAGR(2019-21) as it impacted from COVID-19 outbreaks.</li>
</ul>


The sector will benefit from the economic recovery as shown by Consumer Confidence Index that recovered to 44.6% in February 2022 from the bottom at 36.7% in July 2021, 
All retailers (BJC, CPALL, CRC, HMPRO, GLOBAL, DOHOME, and ILM) are reported with positive SSSG at a range of 4% to 26% amid Omicron outbreaks in 1Q22. We expect SSSG
Top home improvement players (CRC, HMPRO, GLOBAL, and DOHOME) plan to expand its stores by 10% in 2022 up from 5%CAGR(2019-21) as it impacted from COVID-19 outbreaks.


Commerce Sector: SSSG Remain Strong Amid Omicron Outbreaks