ITEL to Grow Sustainably with the New S-Curve Business, Analyst Recomm. “BUY” at ฿6.40

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Interlink Telecom Public Company Limited (ITEL) with a target price of ฿6.40/share.

 

FSS revised up ITEL’s 2021-2023 earnings growth to 47.5% YoY, 17% YoY and 16.9% YoY, respectively, with an estimated 2021-2023 CAGR at 26.4% from a strong momentum in its new businesses such as drones, anti-drone and social data, that could potentially create a new S-Curve for the company. 

 

To keep the new S-Curve strategy going, ITEL will grow forward sustainably with new technologies under the “Big Data x Security” concept consisting of 1) drone business: the use of drones for powerline inspection, 2) anti-drone security defense solution and 3) social data or a data analysis service.

 

As of the end of 2020, ITEL had a backlog of 3.8 billion baht, therefore, the company could secure a revenue forecast in 2021-2023 of 87%, 70% and 39%, respectively.