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

We initiate coverage on SYNEX with a BUY rating, based on a target price of Bt15.00 and derived from 1.1xPEG’1H19E, which is the average of the Asia ex-Japan information and technology sector.
The story:
<ul>
<li>Global parent backs up solid business platform</li>
<li>Healthy industry outlook aided by digital transformation trend</li>
<li>Positive momentum for smartphone segment remains intact</li>
<li>Efficient in-house management to enhance bottom line further</li>
<li>Attractive dividend-yield stock</li>
</ul>
Risks: Higher than expected of provisioning for doubtful debt, a greater proportion of obsolete stock than expected, and foreign exchange risk on imported products.

We initiate coverage on SYNEX with a BUY rating, based on a target price of Bt15.00 and derived from 1.1xPEG’1H19E, which is the average of the Asia ex-Japan information and technology sector.
The story:

Global parent backs up solid business platform
Healthy industry outlook aided by digital transformation trend
Positive momentum for smartphone segment remains intact
Efficient in-house management to enhance bottom line further
Attractive dividend-yield stock

Risks: Higher than expected of provisioning for doubtful debt, a greater proportion of obsolete stock than expected, and foreign exchange risk on imported products.

SYNEX: Global Standard IT Provider Eyes Digital Change Goldmine

Thailand

Synnex Thailand PCL distributes computer products.  The Company distributes computer components and peripherals, servers and storage devices, security products, computer software, and consumables.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Synnex Thailand (SYNEX TB)

SYNEX: Global Standard IT Provider Eyes Digital Change Goldmine

We initiate coverage on SYNEX with a BUY rating, based on a target price of Bt15.00 and derived from 1.1xPEG’1H19E, which is the average of the...

Pi Securities PCL, Thailand

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)