Earnings Report /
Thailand

Interlink Telecom PCL: 3Q22 earnings miss!

  • NPAT was 11% shy of our estimate

  • ITEL posted a 3Q22 net profit of Bt54m

  • The YoY slide in core earnings was led by 3Q22 revenue of Bt756m

Napon Jaisan
Napon Jaisan

Equity Research Analyst

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Bualuang Securities
9 November 2022

We have downgraded ITEL from BUY to HOLD to account for 3Q22 result. Our target price is under review.

NPAT was 11% shy of our estimate

ITEL posted a 3Q22 net profit of Bt54m, down by 15% YoY and 19% QoQ. The bottom-line was 23% below our estimate. Revenue was lower and costs were higher than we had expected.