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

<ul>
<li>Yesterday analysts meeting came out with a positive tone. Large capacity expansions in PCBA Thailand (+25% capacity) and IC China (+100% capacity) will lead to strong top-line growth.New SiC business</li>
<li>Revised up 2022E and 2023E net profit growth to 26% and 9%, respectively.</li>
<li>New TP factors in capacity expansion in PCBA Thailand and IC China, as well as new SiC business contribution</li>
</ul>


Yesterday analysts meeting came out with a positive tone. Large capacity expansions in PCBA Thailand (+25% capacity) and IC China (+100% capacity) will lead to strong top-line growth.New SiC business
Revised up 2022E and 2023E net profit growth to 26% and 9%, respectively.
New TP factors in capacity expansion in PCBA Thailand and IC China, as well as new SiC business contribution


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