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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>We expect SCB’s net profit to strongly rise 50% YoY to Bt7.4bn in 4Q21, underpinned by lower provisions and higher net fee income. But the profit is likely </li>
<li>Thai economy is expected to be stronger in 2022 due to higher consumptions and continued rise in exports.An improvement in economic activities would boost new loan demands and ease NPLs </li>
<li>SCB will concentrate on supporting existing customers rather than acquiring new ones in 2022. It will expand non-interest income from wealth management, insurance, and investment rather than aggressively provide loans.</li>
</ul>


We expect SCB’s net profit to strongly rise 50% YoY to Bt7.4bn in 4Q21, underpinned by lower provisions and higher net fee income. But the profit is likely 
Thai economy is expected to be stronger in 2022 due to higher consumptions and continued rise in exports.An improvement in economic activities would boost new loan demands and ease NPLs 
SCB will concentrate on supporting existing customers rather than acquiring new ones in 2022. It will expand non-interest income from wealth management, insurance, and investment rather than aggressively provide loans.


Siam Commercial Bank

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