2023-06-18 15:00:08
Stock dimension – ITTHI Distributor of electronic devices which include lighting products and equipment type IET as well as producing and distributing alcohol disinfectant products by “Mr. Thanaset Akarabunyaphat” The Chief Executive Officer revealed that in the 2013 business outlook, the company targets total revenue to reach 700-800 million baht, a 250% increase from the previous year at 227.65 million baht.
Grab a large public-private job
As for the performance trend in Q2/23, it is expected to grow continuously. because the company will have work prepared to deliver “Electrical lighting products” more than 200 million baht and the company is in the process of grabbing a big government job under the preparation budget. “The project to purchase light poles distributed to local areas”
At the same time, the company also received more orders from the private sector. following the recovery of real estate and construction following the COVID-19 situation has eased At present, the company receives orders from major customers. in the real estate development group ,Large contractors such as condos and housing estates, including all types of buildings such as shopping centers, office buildings, showrooms, shops, restaurants, industrial plants, hospitals, hotels, schools, warehouses and airports (project customers account for 80% of total revenue).
large AP-SIRI enter deal
“Finansia Syrus Securities” revealed that ITTHI will grow in line with its major clients such as AP and SIRI, who plan to launch more new projects. In 2023, profits are expected to grow more than 20% from the previous year at 21.15 million baht. From growing project revenues and expanding margins, recommend a “buy” target of 3.20 baht.
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