SIS: Demand for IT Spending Still Strong in 2021

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

CCET: Global Player in Downstream Electronics Industry

SIS: Total IT Provider with Feet on the Ground Eyes Profits in the Clouds

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

SiS Distribution (Thailand) PCL / Equity Bottom-Up

1Q18 EPS was Bt0.25 (+29%YoY, +4%QoQ), an all-time high level. The 1Q18 was in line with our forecast and accounts for 25% of our full-year forecast.<ul>
<li>1Q18 sales grew at 14% driven by growth in almost every SBUs except Enterprise segment.</li>
<li>1Q18 equity income grew 410% YoY driven by Wiko mobile (Thailand)’s performance to Bt 11m</li>
<li>1Q18 SG&amp;A to sales ratio rose dramatically to 4.3% on the back of additional employee benefit and marketing expenses for business expansion.</li>
</ul>We maintain a BUY rating for SIS…

1Q18 EPS was Bt0.25 (+29%YoY, +4%QoQ), an all-time high level. The 1Q18 was in line with our forecast and accounts for 25% of our full-year forecast.
1Q18 sales grew at 14% driven by growth in almost every SBUs except Enterprise segment.
1Q18 equity income grew 410% YoY driven by Wiko mobile (Thailand)’s performance to Bt 11m
1Q18 SG&amp;A to sales ratio rose dramatically to 4.3% on the back of additional employee benefit and marketing expenses for business expansion.
We maintain a BUY rating for SIS…

SIS: Solid Surge in Sales and Associate Income in 1Q18