Finansia Syrus Securities, or FSS, stated in its analysis today that it recommends "buying" shares of I-Tel Corporation, or ITC, with a target price of 21 baht. It sees a strong performance trend in the second half of the year, following the company's upward revision of its 2026 revenue target to growth of 17-20% from the previous year. FSS expects third-quarter 2026 profit to grow both quarter-on-quarter and year-on-year, before reaching its peak for the year in the fourth quarter of 2026, driven by seasonal factors. Meanwhile, product price increases and the cost-plus policy will help improve profit margins. FSS forecasts net profit for 2026 at 3.53 billion baht, up 19%, and for 2027 at 3.93 billion baht, up 11%. It also sees upside from potential M&A deals in China and the United States. The valuation is attractive, trading at only about 15 times and 13 times the 2026-2027 PER, respectively. It also expects a dividend yield of around 5% per year. In terms of strategy, support is at 17.20-17.00 baht, with resistance at 18.00-18.20 baht, 19.00 baht, and 19.50 baht.
i-Tail Corp. PCLFSS initiates buy rating with 21 baht target, citing strong profit growth and attractive valuation.
