Post by account_disabled on Dec 27, 2023 2:39:44 GMT -7
Asia Plus Securities recommends "buy" INSET shares, expecting profits to grow 22% in 2020, benefiting from the public and private ICT auctions, starting to make a comeback after the COVID-19 situation began to improve, supporting the company to have the opportunity to get work. Added recently while the PER is still 10 times low. The current price has high upside and yield when compared to competitors in the market. Plus, the backlog is still more than 2 billion baht. Asia Plus Company Limited published an analysis of Infraset Public Company Limited (INSET) shares by recommending "Buy" with a basic valuation of 4.18 baht, based on a PER of 16 times, higher than competitors with similar businesses.
From being able to accept a wider variety B2B Email List of jobs, coupled with the current price having high Upside and Yield and a low PER63 of 9.8 times. The latest important information is that we are beginning to see ICT auctions, both government and private, returning after COVID-19 has improved, and most of them are investments in 5G infrastructure work, which INSET specializes in, namely pole work, fiber and data centers, with many auctions in progress. work This will build on the work on hand awaiting revenue recognition (Backlog) at the end of the 1st quarter of 2020 at 2 billion baht, which will support the second half of the year, compensating for the impact of COVID-19 on the delivery of work in the 2nd quarter of 2020 and Helps expand growth in the medium-long term The research department maintains the revenue assumption for 2020 at 1.4 .
billion baht, if counting the part that has already been recognized in the 1st quarter of 2020 at 220 million baht, the current backlog that is recognized for the rest of the year is 500-600 million baht, and the remaining that Must rely on new work of approximately 600-700 million baht from the trend of returning to open bidding for such work. Believe that there is a greater possibility, combined with the current proportion that has a higher margin. Therefore, we still support the research team's belief that this profit will grow as expected at 22%.
From being able to accept a wider variety B2B Email List of jobs, coupled with the current price having high Upside and Yield and a low PER63 of 9.8 times. The latest important information is that we are beginning to see ICT auctions, both government and private, returning after COVID-19 has improved, and most of them are investments in 5G infrastructure work, which INSET specializes in, namely pole work, fiber and data centers, with many auctions in progress. work This will build on the work on hand awaiting revenue recognition (Backlog) at the end of the 1st quarter of 2020 at 2 billion baht, which will support the second half of the year, compensating for the impact of COVID-19 on the delivery of work in the 2nd quarter of 2020 and Helps expand growth in the medium-long term The research department maintains the revenue assumption for 2020 at 1.4 .
billion baht, if counting the part that has already been recognized in the 1st quarter of 2020 at 220 million baht, the current backlog that is recognized for the rest of the year is 500-600 million baht, and the remaining that Must rely on new work of approximately 600-700 million baht from the trend of returning to open bidding for such work. Believe that there is a greater possibility, combined with the current proportion that has a higher margin. Therefore, we still support the research team's belief that this profit will grow as expected at 22%.