ITEL-ICN-SAMTEL and Other Telecom Services Soar in Response to the 5G Bidding!

Interlink Telecom Public Company Limited (ITEL)’s share price today closed at ฿2.52/share lifted ฿0.30/share or 13.51% reached the peak at ฿2.54/share with the total trading value at ฿31 million.

ALT Telecom Public Company Limited (ALT)’s share price at ฿2.74/share increased ฿0.20/share or 7.87% hit the highest price at ฿2.88/share with the trading value of ฿16.9 million.

The share price of Advanced Information Technology Public Company Limited (AIT) closed at its highest price of today at ฿20.30/share surged ฿1.00/share or 5.18%. The trading was completed at ฿19.6 million.

Communication and System Solution Public Company Limited (CSS) today share price closed at ฿1.36/share rose ฿0.08/share or 6.25% climbed to its highest at ฿1.38/share with the trading value of ฿16 million.  

Information and Communication Networks Public COmpany Limited (ICN)’s share price closed at ฿1.48/share boosted ฿0.09/share or 6.47% hit the peak at ฿1.51/share. The trading value wrapped up at ฿2.3 million. 

The share price of Samart Telcoms Public Company Limited (SAMTEL) today closed at ฿7.55/share increased ฿0.25/share or 3.42%, the highest price was at ฿7.60/share and the trading value was completed at ฿2.4 million. 

Kingsford Securitiesrecommended “Speculating Buy” ITEL, INSET, and AIT as would be benefited from 5G network. 

As well Capital Nomura Securities had a positive view on a small telecommunication group, especially AIT, ALT, CSS, INSET, ITEL, LOXLEY, and SAMTEL. Nomura saw the opportunity of those supplier that will received an advantage as be a parties of mobile operator. The stock price is likely to surge following the moblie operator investment on 5G.      

Expected ALT would be awarded the work from CAT, INSET or ITEL have high possibility to acquire construction project from TRUE, while LOXLEY and SAMTEL might work with TOT.

NOMURA picked ITEL and reccomended to a buy at the target price of ฿4.10/share.