2023-07-25 15:00:09
Stock dimensions – FORTH is awesome! Push ‘Turtle Booth’ to go inter New high profit pump for 3 years
FORTH by “Mr. Chatchawin Pipatchotham”, Assistant Chairman of the Executive Board, revealed that Q2/2023 results will continue to grow and throughout the year 23, he is confident that total revenues will grow in all businesses by “Electronic parts procurement and assembly business or EMS” Revenue is expected to reach 5.5 billion baht from 4 billion last year due to an increase in orders from a large customer.
Scramble for government jobs – push‘Flying turtle’ to Thailand
part “Enterprise Solutions Business” The company prepares to bid for 16 government projects worth more than 6.88 billion baht, including work for Smart Metro Grid systems, installation of Digital Trunked Radio systems, etc., which is expected to increase the backlog from the current 1.63 billion baht.
while “Smart Service Business” The “Flying Turtle” automatic café business in 2023 aims to increase the number of kiosks by 5,000 kiosks from the end of 2022 to 4,942 kiosks and will increase to 20,000 kiosks in the future. It is in the process of expanding the flying turtle kiosk market to Malaysia, Singapore, Indonesia and Australia as well.
Not only that, FORTH continues to push forward “Fort EMS Plc. (FEMS)”, an outsourcer to manufacture and assemble electronic components such as manufacturing such as cabinets, “Flying Turtles” and EV-Charger, selling IPO 320 million shares, representing 28.57% to enter the SET.
New high profit for 3 years
“Bualuang Securities” has a positive view on FORTH stocks from the above factors, especially flying turtles and GINKA EV, which are expected to support a 3-year long-term net profit (66-68) at 1.2 billion baht, growing 55%, 2.45 billion baht, growing 104% and 3.38 billion baht, growing 37% from the previous year, respectively.
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