Post by account_disabled on Dec 24, 2023 23:46:36 GMT -5
Yuanta Securities (Thailand) recommends "buy" INSET shares at an appropriate price in 2021 at 4.30 baht per share. It expects 2Q20 net profit to increase 14% from the same period last year despite having to face the COVID-19 crisis. 19 Evaluated after winning the bidding for 2 large projects, both of which were only It started with an investment round for the 5G system project with a total value of more than 1.4 billion baht, causing the backlog to soar and break new highs in the 3rd quarter of 2020. and raised the profit forecast for 2021 to 161 million baht, growing 19%.
Securities company Yuanta (Thailand) publishes C Level Executive List stock analysis of Infraset Public Company Limited or INSET, recommending buying stocks. and evaluates the appropriate price in 2021 at 4.3 baht per share because it is the number one contractor that benefits from the 5G investment round. For the theme of investing in small ICT stocks, we still focus on stocks that will benefit from 5G investment and the growth of data usage. The research department has chosen INSET as a prominent option in the theme based on almost all of its main income. It comes from data center installation contractors and domestic telecommunications system contractors related to 5G investment.
INSET's key strength lies in its potential and readiness in both its capital base (net cash company) and its history of working with large operators such as TRUE and CAT. etc. It is expected that large-scale investment in 5G, both Data Center and 5G, will gradually enter the market. In the 3rd quarter of 2020, INSET began to show its potential to be the main beneficiary in stepping into 5G through winning two major auctions. Work includes 1) Data Center installation work for Krungthai Computer Services Company Limited, valued at 339 million baht, and 2) 850 megahertz (MHz) frequency band filter circuit installation for CAT, valued at 1.16 billion baht. Both works The two events together account for 1.4 billion baht, or equal to INSET's normal full-year revenue estimate. However, both events are only the beginning of the 5G investment cycle.
Securities company Yuanta (Thailand) publishes C Level Executive List stock analysis of Infraset Public Company Limited or INSET, recommending buying stocks. and evaluates the appropriate price in 2021 at 4.3 baht per share because it is the number one contractor that benefits from the 5G investment round. For the theme of investing in small ICT stocks, we still focus on stocks that will benefit from 5G investment and the growth of data usage. The research department has chosen INSET as a prominent option in the theme based on almost all of its main income. It comes from data center installation contractors and domestic telecommunications system contractors related to 5G investment.
INSET's key strength lies in its potential and readiness in both its capital base (net cash company) and its history of working with large operators such as TRUE and CAT. etc. It is expected that large-scale investment in 5G, both Data Center and 5G, will gradually enter the market. In the 3rd quarter of 2020, INSET began to show its potential to be the main beneficiary in stepping into 5G through winning two major auctions. Work includes 1) Data Center installation work for Krungthai Computer Services Company Limited, valued at 339 million baht, and 2) 850 megahertz (MHz) frequency band filter circuit installation for CAT, valued at 1.16 billion baht. Both works The two events together account for 1.4 billion baht, or equal to INSET's normal full-year revenue estimate. However, both events are only the beginning of the 5G investment cycle.