Risk factor
Very poor trading liquidity
Profitability factor
Excellent dividends
About
Operating across Thailand and the Indochina region, Synnex (Thailand) Public Company Limited serves as a prominent distributor of a comprehensive array of information technology products and associated services. Its extensive inventory encompasses mobile and personal computing devices, such as smartphones, tablets, and desktop computers, along with fundamental PC components including motherboards, various storage drives (HDDs and SSDs), processors, memory, graphics cards, power supply units, and computer enclosures. The company further supplies a broad range of peripherals and accessories, such as display monitors, input devices (mice, keyboards), audio equipment (speakers, headsets), mobile phone accessories, webcams, optical disc drives, projectors, uninterruptible power supplies, and even sewing machines. Its printing solutions span inkjet, laser, multifunction, dot matrix, and plotter models, alongside portable photo printers and scanners. Consumables like ink cartridges, toners, and printer ribbons are also offered, in addition to portable storage devices like USB flash drives and external hard drives/SSDs. For commercial clients, Synnex provides business-grade notebooks, digital signage, closed-circuit television systems, and barcode/labeling equipment. Its networking and infrastructure portfolio includes servers, network-attached storage (NAS) devices, switches, routers, both wired and wireless local area network (LAN) components, network cabling, management software and hardware, and robust cybersecurity (firewall) solutions. The company also offers cloud computing services. Furthermore, Synnex’s innovative smart and IoT (Internet of Things) product line features smartwatches, wearable tech, virtual reality headsets, drones, underwater scooters, smart lighting, IP cameras, industrial networking products, and educational robots. Beyond product sales, Synnex delivers extensive general and technical services, including maintenance for network devices, servers, and various application software. Its diverse clientele includes computer retailers and wholesalers, software solution providers, hardware manufacturers, major department stores, superstores, and stationery outlets. Founded in 1988 as Compex (Thailand) Company Limited, the organization adopted its current name, Synnex (Thailand) Public Company Limited, in 2002 and maintains its headquarters in Bangkok, Thailand.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is underpriced on P/E, 'expensive' on EV/E