Post by account_disabled on Jan 2, 2024 12:07:41 GMT 7
INSET telecommunications infrastructure stocks Confident that it will enter the mai stock exchange on the first day on 8 October, soaring above reservations. Due to the lively response from institutional and retail investors. The reason for setting the impressive IPO price at 2.69 baht/share, equivalent to a P/E of only 13.70 times, coupled with the conditions of the telecommunications infrastructure industry growing leaps and bounds. Ready to show a backlog of more than 2.7 billion baht, to be gradually acknowledged over the next 3 years, ready to move forward with bidding for many new jobs. and emphasize increasing the proportion of recurring income to 10% to support stable growth. Mr. Lek Sikoravithaya, Managing Director Asia Plus Consulting Company Limited, as a financial advisor for the listing on the mai market of Infraset Public Company Limited (INSET), revealed that INSET is a new product that has been well received by investors. invest In addition to being a stock with strong fundamentals Business operations in the future have high potential for growth according to the information technology and telecommunications industry. Including setting the IPO price at an appropriate level. The IPO price of 2.69 baht has a P/E value of 13.70 times, which is lower than the P/E value.
Of companies on the stock exchange with similar businesses is at the level of 16 times. If compared with the analysis that has an appropriate price valuation with the fundamentals of approximately 3.10-3.68 baht, it can be seen that the IPO price still has an attractive discount. In addition, in the past allocation of shares It was found that a large number of institutional and retail investors expressed interest in investing. Although it is a small stock, it is outstanding in its future growth potential . INSET is offering 146 million additional common Telegram Number Data shares to the general public (IPO), with a par value of 0.50 baht per share, accounting for 26.1% of the total. All stocks and after the stock offering Pukkanasut family group will hold 49.21% of the shares. The company has registered capital after IPO of 280 million baht, representing a total of 560 million shares. Mr. Sakbowon Pukkanasut, Managing Director Infraset Public Company Limited It is believed that INSET shares, which are scheduled to be traded on the Market for Alternative Investment (mai) on October 8, 2019, will be able to impress shareholders and investors. Because it is a company with strong fundamentals. In addition, the trend of the telecommunications infrastructure industry is expanding very prominently every year. from the government's support and the change in communication technology from 4G to 5G, including throughout the past, the company has been able to deliver work on time. and can always perform better than customers expect .
INSET is considered to be an infrastructure operator in the telecommunications field. which is the only fully integrated operation on the mai stock exchange and has in the past been able to maintain a growth rate of 10-20% per year. Currently, the company has work on hand waiting to recognize revenue (backlog) of more than 2.7 billion baht. which will be gradually acknowledged over the next 3 years, consisting of Project work to bring communication cables underground in Bangkok. and maintenance work for the project to provide high-speed internet service in remote areas (Zone C) or USO, both Phase 1 and 2, etc. "Telecommunications infrastructure industry trends over the next 4-5 years, it is believed that there will be a number of jobs came out increased This is because it is preparation for changes in new technology. While the government wants to push the network system To spread prosperity throughout the country This will allow the company to receive continuous work to help support the operating results to grow as planned." Managing Director Said that overall operating results in the first half of 2019, the company had total income of 577.69 million baht, net profit of 46.57 million baht and net profit margin of 8.06%, while the main income structure came from From the data center and information technology system construction business, 88%, infrastructure and telecommunications network business 10% Maintenance work and other services 2% At the same time, the company has set a goal to increase the proportion of income from maintenance and service work to reach 10% because this will be the part that creates regular recurring income to support the company's stable growth.
Of companies on the stock exchange with similar businesses is at the level of 16 times. If compared with the analysis that has an appropriate price valuation with the fundamentals of approximately 3.10-3.68 baht, it can be seen that the IPO price still has an attractive discount. In addition, in the past allocation of shares It was found that a large number of institutional and retail investors expressed interest in investing. Although it is a small stock, it is outstanding in its future growth potential . INSET is offering 146 million additional common Telegram Number Data shares to the general public (IPO), with a par value of 0.50 baht per share, accounting for 26.1% of the total. All stocks and after the stock offering Pukkanasut family group will hold 49.21% of the shares. The company has registered capital after IPO of 280 million baht, representing a total of 560 million shares. Mr. Sakbowon Pukkanasut, Managing Director Infraset Public Company Limited It is believed that INSET shares, which are scheduled to be traded on the Market for Alternative Investment (mai) on October 8, 2019, will be able to impress shareholders and investors. Because it is a company with strong fundamentals. In addition, the trend of the telecommunications infrastructure industry is expanding very prominently every year. from the government's support and the change in communication technology from 4G to 5G, including throughout the past, the company has been able to deliver work on time. and can always perform better than customers expect .
INSET is considered to be an infrastructure operator in the telecommunications field. which is the only fully integrated operation on the mai stock exchange and has in the past been able to maintain a growth rate of 10-20% per year. Currently, the company has work on hand waiting to recognize revenue (backlog) of more than 2.7 billion baht. which will be gradually acknowledged over the next 3 years, consisting of Project work to bring communication cables underground in Bangkok. and maintenance work for the project to provide high-speed internet service in remote areas (Zone C) or USO, both Phase 1 and 2, etc. "Telecommunications infrastructure industry trends over the next 4-5 years, it is believed that there will be a number of jobs came out increased This is because it is preparation for changes in new technology. While the government wants to push the network system To spread prosperity throughout the country This will allow the company to receive continuous work to help support the operating results to grow as planned." Managing Director Said that overall operating results in the first half of 2019, the company had total income of 577.69 million baht, net profit of 46.57 million baht and net profit margin of 8.06%, while the main income structure came from From the data center and information technology system construction business, 88%, infrastructure and telecommunications network business 10% Maintenance work and other services 2% At the same time, the company has set a goal to increase the proportion of income from maintenance and service work to reach 10% because this will be the part that creates regular recurring income to support the company's stable growth.