We have initiated coverage on SABUY with a BUY call and a YE22 target price of Bt16, pegged to PEG of 1x, based on forecast 2022 EPS growth of 62%. The company runs a “one-stop digital lifestyle platform” that connects service providers with users. The concept is an ecosystem enabling people to live their lives through a single app. Connectivity across the ecosystem is enabled by SABUY’s online payment system.
Equity Analysis /Thailand
Sabuy Technology PCL: A fintech play like no other
Growing in tandem with its ecosystem
Following in Ant Group’s footsteps
Four revenue streams fueling growth
8 September 2021