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IRCP opens the game to make M&A deals, strong turnaround profits – Stock Dimension


Stock dimensions – IRCP Provider of comprehensive information technology and communications by “Securities Analysts” revealed that he has a positive view on IRCP shares, expecting Q4/2022 performance to turn the highest profit of the year. From the recognition of revenue, the Backlog is over 1.4 billion baht, most of which are large-scale projects with high margins.

New High Profit – Dividend 50%

Therefore, for the year 2022, the net profit is expected to make a new high. And expects to pay dividends according to the policy of not less than 50% of net profit, the latest 9M/65 with a net profit of 19.82 million baht, total income of 995.59 million baht. In 2023, the performance will grow. “Turn around” clearly because the company prepares to bid for a big event “Communication” worth over a thousand million baht. Expected to get jobs at least 30-50% of the total work value.

Go ahead and close the deal. M&A

In addition, the company is in the process of negotiating M&A deals with 2-3 information and communication technology distributors, which have the opportunity to close one deal in Q2/2023, in which the company will hold 50% of the total registered capital. This company is a strong company. generate an average income of more than 600 million baht/year and a net profit of 70 million baht/year, which, if this deal is successful, will drive the performance to grow exponentially.

strong fundamentals

high retained earnings-D/E as low as 0.89 times

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