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

One Enterprise Public Co Ltd / Equity Bottom-Up

<ul>
<li>We initiate coverage of ONEE with a BUY rating, based on a target price of Bt11.80 derived from 25.2xPE’22E,which is the average for the stocks in Thailand’s communication services sector</li>
<li>Most-Diversified media player, Moving from conventional media to online platform</li>
<li>Great ambition to take bigger piece of cake from TV incumbents</li>
</ul>


We initiate coverage of ONEE with a BUY rating, based on a target price of Bt11.80 derived from 25.2xPE’22E,which is the average for the stocks in Thailand’s communication services sector
Most-Diversified media player, Moving from conventional media to online platform
Great ambition to take bigger piece of cake from TV incumbents


ONEE: Long-Term Goal to Become No. 1 in the Thai TV Industry