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

Pi Research

Thai Equity - Bottom-up - Equities

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Note: Effective on 1 March 2022, Country Group Securities PCL changed its name to Pi Securities

Equity Bottom-Up

<ul>
<li>Yesterday analyst meeting came out with a positive tone.Gaming will drive earnings growth of 2022 and SWOPMART will fully launch in January 2022 to tap into Bt50bn secondary IT market.</li>
<li>Expect sales gaming segment to grow at CAGR 23%, which is above-industry rate (as it has done since 2019), as gaming is supported by Thai government.</li>
<li>•New revenue stream unlikely to make significant impact in 2022 as they will only begin major launch in January 2022. However, we see strong potential based on large,growing IT secondary </li>
</ul>


Yesterday analyst meeting came out with a positive tone.Gaming will drive earnings growth of 2022 and SWOPMART will fully launch in January 2022 to tap into Bt50bn secondary IT market.
Expect sales gaming segment to grow at CAGR 23%, which is above-industry rate (as it has done since 2019), as gaming is supported by Thai government.
•New revenue stream unlikely to make significant impact in 2022 as they will only begin major launch in January 2022. However, we see strong potential based on large,growing IT secondary 


SYNEX: Gaming Segment to Grow Significantly in 2022

Synnex Thailand

SYNEX: Gaming Segment to Grow Significantly in 2022