PLANB : Earnings Hit 10-Quarter High in 2Q22, Above Market and Our

PLANB : Expect Solid Earnings to Persist Throughout 2023’’

PLANB : “Expect Solid Earnings Growth to Remain Throughout 2023’’

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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>Investment in troubling crypto exchange‘Zipmex Asia’ might create short-term negative sentiment for the company given its own minor investment exposure worth US$2m and concern over advertising budget cut by several </li>
<li>Solid earnings from 2Q22 and onwards. Media revenue is expected to hit all-time high at Bt1.25bn (+59%YoY +25%QoQ) supported by media capacity that expands 18%QoQ to Bt2.3bn mainly from Aqua </li>
<li>Engagement Marketing (20% of total revenue) is expected to be at Bt284m. (-9%YoY +37%QoQ) YoY drop was due to high base as there were revenue from marketing rights management </li>
</ul>


Investment in troubling crypto exchange‘Zipmex Asia’ might create short-term negative sentiment for the company given its own minor investment exposure worth US$2m and concern over advertising budget cut by several 
Solid earnings from 2Q22 and onwards. Media revenue is expected to hit all-time high at Bt1.25bn (+59%YoY +25%QoQ) supported by media capacity that expands 18%QoQ to Bt2.3bn mainly from Aqua 
Engagement Marketing (20% of total revenue) is expected to be at Bt284m. (-9%YoY +37%QoQ) YoY drop was due to high base as there were revenue from marketing rights management 


PLANB : Expect Earnings to Hit 10-Quarter High in 2Q22

Plan B Media

PLANB : Expect Earnings to Hit 10-Quarter High in 2Q22