SKY Sees Promising Q3 Results with 1 Billion Baht Auction Win and Increased Budget for Second Half of the Year

SKY ICT Expects Auction Result Worth 1 Billion Baht in Q3, Bolstering Backlog

SKY ICT Public Company Limited, led by CEO Mr. Sithidej Mayalarp, has recently submitted proposals for government projects totaling approximately 1 billion baht. The company anticipates receiving the results of these applications in the third quarter of this year, a development that will significantly augment its current backlog, which stands at 2.2 billion baht. Moreover, SKY ICT is actively seeking potential mergers and acquisitions that can strengthen its core business operations.

Income Surge in Q3/23 Predicted as Tourist Numbers Rise

The company’s projected earnings growth for the third quarter of 2023 closely aligns with the anticipated surge in tourist arrivals. With the onset of the high season for Thai tourism, SKY ICT anticipates a boost in revenue from its passenger boarding system (CUPS) and advanced passenger screening and inspection system (APPS) businesses.

Analysts Bullish on SKY ICT’s Prospects

Securities analysts have expressed optimism regarding SKY ICT’s performance, stating that the company has a high likelihood of achieving record-breaking results this year. With a net profit of 203 million baht in the first six months alone, nearly equaling the previous year’s total profit of 213 million baht, SKY ICT’s stock is recommended with a target price of 36.70 baht.

Stock dimension – SKY Earn an auction result of about 1 billion baht during this Q3, fill the backlog, the second half of the year’s budget increases after the tourism high season

SKY or SKY ICT Public Company Limited revealed by Mr. Sithidej Mayalarp, ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Chief Executive Officer, the group of companies has applied for government projects worth around 1 billion baht, expecting to know the results within this Q3, which will increase the backlog of’ r current There are 2.2 billion baht. At the same time, the company opens the opportunity to look for M&A deals that extend the main business.

Win an auction of 1 billion baht.

In terms of the trend, Q3/23 earnings growth from Q2/23 is in line with the increasing number of tourists. Encourage revenue from passenger boarding system (CUPS) and advanced passenger screening and inspection system (APPS) business to increase as the second half of the year enters the high season of Thai tourism business.

find a deal M&A

securities analyst He said that this year’s performance has the highest chance of reaching a record because only the first 6 months have a net profit of 203 million baht, almost equal to the profit for the whole year of 213 million baht, with a target price from 36.70 baht.

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