ILINK to list its subsidiary in MAI next year

Interlink Communication Plc (ILINK), Thailand-based distributor and installer of network and cabling system for telecommunications, has changed the plan to list its subsidiary Interlink Telecom in 2016; instead it has decided to list at the Market for Alternative Investments (MAI) in 2015.

Interlink Telecom was established in 2007, to run the fiber optic network building and operating business in both the domestic and the overseas markets.

ILINK’s managing director Natthanai Anantaramphorn said that the plan to list Interlink Telecom has been changed and now the company is in process of selecting a financial adviser; the listing would be sooner than scheduled. “Initially, we will list it in MAI because the process is less complicated (here). Then, we will push it to grow constantly and enter the Stock Exchange of Thailand as the next step,” he said.

ILINK plans to increase the proportion of its telecommunication revenue from 5% to 10% as the business generates a much higher net profit margin of 40%. It plans to  maintain it’s proportion of submarine cable business, which gives 20%-30% of total revenue.

Currently, 65% of its revenue comes from it’s import business. The company plans to cut the revenue proportion for this \by 5%, each year due to the low margin. However, the import business has continuously grown at least 20% per year, in line with the market growth, said the MD

According to him, the revenue will hit the target of 2.4 billion baht ($73.17 million) and gain the net profit of 220 million baht ($6.7 million) this year. In the first nine months, the company recorded the revenue of 1.84 billion baht and the net profit of 137.06 million baht. It has the backlog for the submarine cable installation project of 800 million baht, of which one-fourth should be booked as the revenue in this quarter.

In 2015, the company targets to achieve the revenue of 2.8 billion baht ($85.36 million) and boost the net profit to 250 million baht ($7.62 million) due to the market growth of all its businesses.

Moreover, it will maintain the backlog for submarine cable projects at 800 million baht, to push its revenue to three billion baht ($91.46 million) in 2016.

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.