Mr. Chaiyuth Chunnahacha, CEO of G-Able Public Company Limited (SET: GABLE), revealed to Kaohoon that currently, the demands for cyber security and business applications are still growing, and the overall 1Q25 performance is still on track.
Thailand is seeing great opportunities for its economic growth, following the investment from global tech giants, especially in the IT-related field, which could boost Thailand’s digital economy.
GABLE has set its revenue growth target at 5-10% for 2025, up from THB6.173 billion last year. with the focus on increasing the recurring income to maintain at the level of 40 – 50%.
The company will also focus on improving the business operation, reducing cost, increasing the competitive capability, and expanding new business to increase gross profit margin to reach at the level of 19 – 20%.
GABLE also stated that the company will soon implement three strategies.
- Adjust the operation capability: The company will accelerate the growth of business applications and invest strategically in general. GABLE speculates this strategy will improve its gross profit margin.
- Supporting the current business: The company will maintain the current portfolio by increasing the collaboration between the internal customers and expanding the network through the collaboration. GABLE speculates this strategy will boost its revenue by 5 – 10% with a gross profit margin of 18 – 20%
- Expanding business: The company will accelerate the growth of business applications and invest strategically to create more collaboration. GABLE speculates this strategy will increase its revenue by 15% with a gross profit margin of 25 – 30%
Based on the company’s financial data at the end of 2024, GABLE had a backlog of THB 6.175 billion in which the company is expecting to realize THB 3.357 billion this year. GABLE expected to maintain its backlog at an appropriate level of around THB 5.5-6.5 billion in 2025. The company had THB 1 billion of cash flow as of 31 December 2024, and proceeds from the IPO of around THB 200 million. The CEO reiterated that GABLE has no obligations with financial institutions or debentures, while also signaling that there is a deal expecting to be disclosed in the future that could generate attractive returns for shareholders.
