Earnings Report /
Thailand

Interlink Telecom PCL: Net profit in line

  • Earnings were in line with our expectation

  • ITEL posted a 2Q22 net profit of Bt66m

  • We expect a Bt101m core profit for 3Q22

Napon Jaisan
Napon Jaisan

Equity Research Analyst

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Bualuang Securities
10 August 2022

This is a great time to take positions in ITEL, we believe, as new NBTC projects will come in and a new data center contract with a hyperscaler client is due to start in 3Q22. Our BUY call stands to a YE22 target price of Bt5.60.

Earnings were in line with our expectation

ITEL posted a 2Q22 net profit of Bt66m, up by 41% YoY and 21% QoQ. The result was consistent with our estimate.