บทวิเคราะห์ (Research)

ITEL : Mispriced stock bolstered by share buyback We reiterate our Buy rating with TP Bt2.58. Our theme to buy on stock “the mispriced stock” is supported by the ITEL’s board resolution to buy back its stocks, starting from 20 January 2025 until 18 July 2025. About 9.36% of outstanding shares will be repurchased if this goes a plan. At the budget of Bt300m, this implies the repurchasing price of Bt2.3, 38% above current share and close to our TP. Stock is very cheap, trading 50% discount to 2025 BV despite 18% 2025 EPS growth estimate.