INTUCH Rises 3% in Response to THCOM’s Turnaround to Book Profit, Giving TP at ฿79

Intouch Holdings Public Company Limited (INTUCH)’s share price today closed at ฿55.25/share, rose ฿1.75/share or 3.27% with a trading value of 2,581 million baht. The highest share price was ฿56.00/share and the lowest was ฿53.00/share.

Krungsri Securities recommended “BUY” on INTUCH with a target price at ฿79/share. 

Krungsri saw the current price has yet reflect the net asset value (NAV) in ADVANC and THCOM, as there was a 33% discount in NAV, 20-25% higher than the historical average, and today INTUCH has a positive sentimental from THCOM, a subsidiary (holding 41%) after announcing the turnaround of 1Q20 consolidated financial statement to record a net profit of 198 million baht, reversing to profit in 5 quarters.