Risk factor
Very poor trading liquidity
Profitability factor
Excellent dividends
About
Information and Communication Networks Public Company Limited (ICN), a prominent telecommunication system integrator, primarily operates within Thailand. The company specializes in the comprehensive lifecycle of telecommunication infrastructure, encompassing the construction and deployment of new networks, services for expanding existing installations, and upgrades aimed at enhancing the performance of current systems. Additionally, ICN provides design and installation expertise for general construction and electrical systems. ICN also functions as a key supplier of diverse telecommunication components and parts. These offerings support a wide spectrum of wired and wireless networks, including advanced 4G/5G mobile platforms, Internet Protocol (IP) networks tailored for IoT applications, and both optical and microwave transmission systems. The company furnishes specialized equipment such as SIM card security verification solutions and synchronization systems designed to prevent data communication inconsistencies. Its portfolio extends to IT infrastructure, providing servers and storage for cloud computing, mobile device management for subscriber system oversight, and software-defined networking tools for data center administration. Essential physical infrastructure, like fiber optic cables and all necessary installation equipment, is also supplied. Furthermore, ICN delivers robust maintenance services—ranging from preventive and corrective actions to proactive and adaptive support. These services apply to critical network elements including main mobile exchanges, mobile equipment at base stations, optical and microwave networks, IP routers/carrier switches, and IP networks facilitating voice, video telephony, imaging, and data transmission. Information and Communication Networks Public Company Limited was founded in 2007 and maintains its headquarters in Bangkok, Thailand.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITD.