Security Token Journal: A Pad Thai Way to Reduce Income Disparity

SCB: Expect 3Q21 Earnings to Drop in Two Consecutive Quarter.

SCB: 3Q21 Result Was Better that Our Expectation

SCB: SCBX Will Unlock Potential Growth in the Long-Term

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>With a new holding company, SCB will be able to unlock value for its high growth potential companies ahead. SCB’s earnings are expected to strongly rebound in 2021 and continuing</li>
<li>Earnings are expected to resume a positive growth of 29% YoY in 2021 and continue rising15-12% YoY for 2022-23 after we revised up our earnings projections by 7%/9%/10% for 2021-23</li>
<li>Plans to establish SCB X as a parent company for SCB Group was approved by its shareholders on 15 Nov. A new restructuring company is likely to complete in 1H22 </li>
</ul>


With a new holding company, SCB will be able to unlock value for its high growth potential companies ahead. SCB’s earnings are expected to strongly rebound in 2021 and continuing
Earnings are expected to resume a positive growth of 29% YoY in 2021 and continue rising15-12% YoY for 2022-23 after we revised up our earnings projections by 7%/9%/10% for 2021-23
Plans to establish SCB X as a parent company for SCB Group was approved by its shareholders on 15 Nov. A new restructuring company is likely to complete in 1H22 


Siam Commercial Bank

SCB: Positive Growth Momentum Intact