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

Interlink Communication / Equity Bottom-Up

<p><strong>ILINK reported 4Q17 recurring EPS of Bt0.12, which was (+0.1% YoY, -32.6% QoQ). The company produced a 2017 recurring EPS of Bt0.42, which was -32.2% YoY and 37.4% under our estimate.</strong></p><ul>
<li>ILINK reported 4Q17 net losses of Bt107m, swung from net profit of Bt47m in 4Q16 and Bt67m in 3Q17. The pressures came from i) a narrower gross margin of engineering business, and, ii) a Bt152m booking of estimate cost increase of a construction projec.</li>
<li>ILINK reported FY2017 net profit drop to Bt28m (-87% YoY) mainly…</li>
</ul>

ILINK reported 4Q17 recurring EPS of Bt0.12, which was (+0.1% YoY, -32.6% QoQ). The company produced a 2017 recurring EPS of Bt0.42, which was -32.2% YoY and 37.4% under our estimate.
ILINK reported 4Q17 net losses of Bt107m, swung from net profit of Bt47m in 4Q16 and Bt67m in 3Q17. The pressures came from i) a narrower gross margin of engineering business, and, ii) a Bt152m booking of estimate cost increase of a construction projec.
ILINK reported FY2017 net profit drop to Bt28m (-87% YoY) mainly…


ILINK: 4Q17 Earnings Fell on Extra Expenses and Tighten Margin