New stock NAT has increased in the morning at 12.32% or the price has increased significantly by 0.85 baht. The price level is at 7.75 baht for the 2nd day after entering the first day of trading yesterday (15 Feb. 2024). The price closed at 6.90 baht, while the IPO price of 5.40 baht is equal to an increase from the IPO price of 2.35 baht or an increase of 43.51%. ‘Broker’ expects profits to grow 34% in 3 years.
New stock NAT has increased in the morning at 12.32% or the price has increased significantly by 0.85 baht. The price level is at 7.75 baht for the 2nd day after entering the first day of trading yesterday (15 Feb. 2024). The price closed at 6.90 baht, while the IPO price of 5.40 baht is equal to an increase from the IPO price of 2.35 baht or an increase of 43.51%. ‘Broker’ expects profits to grow 34% in 3 years.
movementThai stock marketMorning session on February 16, 2024 New stock NAT or Nat Absolute Technologies Public Company Limited Adjusted upwards (at 10:10 a.m.) at 12.32% or the price increased significantly by 0.85 baht. The price level was at 7.75 baht for the 2nd day after entering the first day of trading yesterday (15 Feb. 2024). The price closed at 6.90 baht whileIPO price At 5.40 baht, equal to an increase from the IPO price of 2.35 baht or an increase of 43.51%.
Finansia Syrus Securities Public Company Limited stated that it assessed the appropriate value of NAT Based on a PE Multiplier of 15 times, equal toAverage PE for 2024 of companies abroad that conduct similar businesses And if compared with listed companies in Thailand that conduct similar businesses. There is an average PE during 2016-22 at the level of 13.9-14.1 times based on NAT’s EPS projection of 0.58 baht per share in 2024. Therefore, it is calculated that the appropriate value based on fundamental factors is 8.70 baht per share.
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Meanwhile, NAT’s operating results over the past 3 years, 2020-2022, have grown sequentially in line with business expansion and customer base. With an average increase in revenue of 49.4% CAGR, average net profit growth of 33.1% on average. For profit over the next 3 years, 2023-2025, it is estimated that profits will increase by an average of 34.1% CAGR from an increase in revenue and gross profit margin. according to the product mix and having more private sector customers after being listed on the stock exchange which makes the company more widely known And the money received from the IPO capital increase makes the capital base larger. Can accept larger jobs.
Suthee Apichanaratanakorn, Chief Executive Officer of Absolute Technologies Public Company Limited or NAT, this year’s plan, the company is ready to move forward in delivering the best solutions. To help drive customers to do business with quality and efficiency. in line with the trend Digital Transformation along with focusing on expanding solution development Especially cyber security (Cyber Security) that has a trend of continuously increasing demand from customers. To answer the needs of existing customers and target customers hospital and energy groups to drive revenue growth according to the set goals
2024-02-16 03:38:00
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