ITEL Jumps 9%, Analyst Foresees Earnings Growth of 56% in 2021, Giving a TP of ฿5.0

The share price of Interlink Telecom Public Company Limited (ITEL) rose ฿0.32/share or 8.60% to ฿4.04/share as of 16:13 local time in Thailand, with a trading value of 156 million baht.

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on ITEL with a target price of ฿5.00/share. 1Q21 earnings outlook is expected to expand as delayed projects in 4Q20 will be able to deliver in this quarter, projecting a margin growth of 56% YoY in 2021.