TRITN Surges 4% in Anticipation of Strong Performance in 2022

The share price of Triton Holding Public Company Limited (SET: TRITN) rose 4% to close the morning session on Monday at THB0.26.


Mr. Worapong Woottipruk, Director of TRITN, earlier stated that the operation in 2021 was pressured by the ongoing Covid-19 outbreak while realizing a one-time amortization of its machine and equipment in 4Q21, which led to negative operating results.

However, the director expected the operation to turn positive in 2022 as the company has more than 2.76 billion baht worth of backlog along with strong financial status from the exercise of warrants worth 370 million baht. TRITN’s D/E is 0.62x, while recording 474 million baht of cash on hand, which would allow for more funding on its projects and future bidding.