PLAT:  Expect Accelerating Earnings in 4Q18

PLAT: Already Priced in the Delay in Opening a New Project

GOLD: Determined Plan to Reach Top Five in Thai Property

PLAT: Mall Operator to Make Precious Metal from Sales and Rental Growth

QH: Dividend Play Outshines Thai Property Peers

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

PLAT reported 2Q18 net profit of Bt199m (+7%YoY, -2%QoQ). The 1H18 result was 48% of our full-year forecast and in line with our forecast.  
<ul class="">
<li>2Q18 sales grew 5.3%YoY due to the increasing of rental rate from renewing the expired lease agreements of The Platinum Fashion Mall</li>
<li>Gross profit margin was widen to 65.0% from 63.2% in 2Q17 due to the yearly raising of rental rates and increasing of income from public areas management.</li>
</ul>
We rate PLAT as a BUY with 28% upside to our target price of Bt9.4*.
…

PLAT reported 2Q18 net profit of Bt199m (+7%YoY, -2%QoQ). The 1H18 result was 48% of our full-year forecast and in line with our forecast.  

2Q18 sales grew 5.3%YoY due to the increasing of rental rate from renewing the expired lease agreements of The Platinum Fashion Mall
Gross profit margin was widen to 65.0% from 63.2% in 2Q17 due to the yearly raising of rental rates and increasing of income from public areas management.

We rate PLAT as a BUY with 28% upside to our target price of Bt9.4*.
…

PLAT: Powerful Name Enjoys Robust Earnings Growth and Wide Margin

Platinum Group PCL

PLAT: Powerful Name Enjoys Robust Earnings Growth and Wide Margin