THCOM is on the Rise +3.47% after Receiving Offshore Operation Project
The offshore operation project pushes THCOM's share to green side today (August 6, 2018), despite the issue of satellite concession. 
7 ส.ค. 2561

According to the reporter, Thaicom Public Company Limited or THCOM’s market price increases to ฿8.95/share a +3.47% change at 3:00 P.M. on August 6, 2018. The change of THCOM’s price raises higher from the announcement of Uniwise Offshore Limited, offshore supporting petroleum research and production ships, has equipped more than 30 offshore operation ships with Nava Broadband High Speed Internet through THCOM’s satellites to strengthen the sea operation.
Nava will improve the communication system of ship crews and shore operators, while any electronics documents will be handled with ease. The Fiber-To-The-Ship (FTTS) innovation from Nava will grant a high speed communication system that covers the entire Asia Pacific, while also allowing crews to get in touch with families easier than before.  
Jon-Axel Hauglum, Senior Operations Manager of Uniwise, said that using Nava system through Thaicom satellites will definitely strengthen the operations and will turn Uniwise Offshore to a strong competitor in naval business.
Bualuang Securities gives an analytic view on THCOM’s shares to “Buy” at target price ฿15/share. The net profits of THCOM on 3Q18 is 230 million baht, by estimation from Bualuang Securities, which is 595% up from last year and 30% up from previous quarter due to cost management. The EBITDA in 3Q18 is estimated at 800 million baht, 13% up from previous quarter.
However, the uncertainty between THCOM and the Ministry of Digital Economy and Society (MDES) regarding satellites concession keeps pulling THCOM’s shares down to the lowest since 2001. The 2018 EV/EBITDA is also an irrelevance factor that all investors concern.
 