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Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

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<ul>
<li>Yesterday’s analyst meeting came with positive tone regarding growth in the Enterprise (Value added) and cloud segments.</li>
<li>The company’s inventory growth (+13% QoQ) should be enough to offset any severe shortage issues. Global microchip shortage is improving slowly, but will remain an issue until 2Q22. </li>
<li>Cloud and enterprise segment will lead earnings growth in 2022E and beyond.</li>
</ul>


Yesterday’s analyst meeting came with positive tone regarding growth in the Enterprise (Value added) and cloud segments.
The company’s inventory growth (+13% QoQ) should be enough to offset any severe shortage issues. Global microchip shortage is improving slowly, but will remain an issue until 2Q22. 
Cloud and enterprise segment will lead earnings growth in 2022E and beyond.


SIS: Cloud and Enterprise Segment to Drive 2022-2023 Growth