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>The company report 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21).Stripping out extra items, profit would be at Bt174m (-1%QoQ), which is 18% above market </li>
<li>Earnings dips QoQ as expected before hit 2022 high in 4Q22 PLANB reports 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21). Excluding extra items</li>
<li>Media revenue touched all-time high at Bt1.4bn(+118%YoY +7%QoQ) in 3Q22 supported by utilization rate that expanded to eleven-quarter high at 62.1% compared with 57.3% in 2Q22 and 34.9% in 3Q21</li>
</ul>


The company report 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21).Stripping out extra items, profit would be at Bt174m (-1%QoQ), which is 18% above market 
Earnings dips QoQ as expected before hit 2022 high in 4Q22 PLANB reports 3Q22 net profit at Bt184m. (+6%QoQ, turnaround from loss of Bt54m in 3Q21). Excluding extra items
Media revenue touched all-time high at Bt1.4bn(+118%YoY +7%QoQ) in 3Q22 supported by utilization rate that expanded to eleven-quarter high at 62.1% compared with 57.3% in 2Q22 and 34.9% in 3Q21


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

Plan B Media

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