Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

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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

One Enterprise Public Co Ltd / Equity Bottom-Up

<ul>
<li>The company reports 3Q22 net profit at Bt164m, which is its eight quarter low. The result came in-line with our estimate.Disappointed earnings   pressured gross profit margin that hit lowest since </li>
<li>3Q22 earnings contracted QoQ and YoY as expected The company reports 3Q22 net profit at Bt164m (-2%YoY -8%QoQ).QoQ and YoY drops were dragged down by contraction in gross profit margin </li>
<li>Concert and artist management(20% of revenue in 3Q22)are the main revenue boosters as there were number of fan meetup and concert events took place after easing all social-distance restrictions. However</li>
</ul>


The company reports 3Q22 net profit at Bt164m, which is its eight quarter low. The result came in-line with our estimate.Disappointed earnings   pressured gross profit margin that hit lowest since 
3Q22 earnings contracted QoQ and YoY as expected The company reports 3Q22 net profit at Bt164m (-2%YoY -8%QoQ).QoQ and YoY drops were dragged down by contraction in gross profit margin 
Concert and artist management(20% of revenue in 3Q22)are the main revenue boosters as there were number of fan meetup and concert events took place after easing all social-distance restrictions. However


ONEE : 3Q22 Earnings Dipped QoQ and YoY as Expected