The share price of Interlink Communication Public Company Limited (SET: ILINK) closed the morning session at THB10.70, increased THB1.15 or 12.04% per share with a trading value of 253 million baht.
Finansia Syrus Securities (FSS) had a positive view on ILINK potential earnings in 2022 from its distribution business due to the digital transformation, resulting in higher demand on faster and stable internet connection, which leads to cabling work that ILINK has the highest market share in the market.
Meanwhile, the share price of Interlink Telecom Public Company Limited (SET: ITEL) should recover after the impact from Covid-19 situation. The company also has a new strategic partner to advance in the data center business.
FSS expected ILINK’s net profit in 2022-23 to grow 16% and 15%, respectively, with an upside around 15% a year for the next two year if the company wins the bidding for underwater cable project to Koh Tao worth 1,000 million baht, which adds around THB1.2-1.4 per share to its upside. FSS gave a “BUY” recommendation on the company with a target price at THB12 per share.
