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>Solid growth in Tansansu sales, strong sales growth momentum in Green Tea Honey Lemon sales, and higher spending from FIFA world cup activity should support 4Q22 earnings to grow YoY.</li>
<li>Widen margin drove 3Q22 earnings  The YoY growth in earnings mainly supported by strong demand for green tea products.</li>
<li>The QoQ expansion in earnings driven by improving production efficiency as a result from higher utilization rate to 66% from 52% in 2021. </li>
</ul>


Solid growth in Tansansu sales, strong sales growth momentum in Green Tea Honey Lemon sales, and higher spending from FIFA world cup activity should support 4Q22 earnings to grow YoY.
Widen margin drove 3Q22 earnings  The YoY growth in earnings mainly supported by strong demand for green tea products.
The QoQ expansion in earnings driven by improving production efficiency as a result from higher utilization rate to 66% from 52% in 2021. 


ICHI : Solid Growth in Tansansu Sales Should Boost 4Q22 Earnings

Ichitan Group

ICHI : Solid Growth in Tansansu Sales Should Boost 4Q22 Earnings