The movement of trading on the mai stock exchange of I2 Enterprise Public Company Limited or I2 today, August 8th, the share price opened at 3.12 baht, above the subscription price of 2.70 baht, or an increase of 15.55%. in IPO stocks that can go through the crisis and turn positive in the first trade
Athiporn Limcharoen, Chief Executive Officer of I2 Enterprise Public Company Limited or I2, revealed that trading in the Thai stock market today received good feedback from investors The company is in the business of designing, procuring and distributing. about equipment related to telecommunication and information technology systems with high growth, this year the revenue target is set to grow from the previous year by 15%
Most recently, yesterday (Aug. 7), the company received a large project. which is the installation of a smart grid system on Koh Samui, supporting the power supply of more than 50,000 households The project value is more than 1,500 million baht, resulting in the company currently having a backlog of more than 2,000 million baht waiting to be recognized. Revenue will be recognized this year about 30-40% and the rest will be recognized. next year
However, in entering the mai stock market this time, for the money received from this fundraising Prepare to use as follows. 1. To be used as working capital in large-scale projects for government agencies and state enterprises within the year 2024 in the amount of 200 million baht. 2. To be used in product research and development. investment in other businesses relevant to create growth for the company depends on the business opportunity and suitability for future investments This may include business expansion by acquiring other businesses by the year 2024 in the amount of 100 million baht and 3. The rest is used as working capital.
KGI Securities (Thailand) Public Company Limited revealed that the company estimated the fundamental value of I2 at the end of 2024 at 3.10 baht per share. fluctuating according to the revenue recognition cycle of the projects that have been bid each year We estimate 12% growth of 19% YoY.
Follow the news Get the latest stock market information, stocks, Thai stocks, foreign stocks, stock quotes, stock analysis. Insights into each outstanding stock latest stock news Update global stock market opportunities here.
2023-08-08 04:54:00
#monsoon #IPO #shares #opened #baht #overbooking #receiving #additional #billion #projects