THCOM Jumps 16%, Analyst Recomm. “BUY” on Partnership with LEO Satellite
The share price of THCOM edged 16% higher in the morning session of Tuesday, September 7, 2021, Bualuang recommends a “BUY” rating with a target price of 13.40 baht
The share price of THCOM edged 16% higher in the morning session of Tuesday, September 7, 2021, Bualuang recommends a “BUY” rating with a target price of 13.40 baht
7 ก.ย. 2564

The share price of Thaicom Public Company Limited (THCOM) edged 16% higher in the morning session of Tuesday, September 7, 2021.
THCOM was traded at ฿12.10/share, up ฿1.70/share or 16.35%, with a trading value of 635 million baht.
Bualuang Securities believes that a partnership with National Telecom (NT) and forward satellite auctions following the appointment of new NBTC board members in early 2022 will drive THCOM’s valuation and earnings in the medium- to long-term. Meanwhile, THCOM aims to generate a profit in the medium term based on three factors: (1) its core business that is expected to secures favorable contracts from the government; (2) partners with LEO satellite that will turn future barriers into opportunities; and (3) new business chances that will emerge following the enactment of the space law. Additionally, it was aided by the lower costs of Thaicom 4 and 6.
Thus, Bualuang recommends a “BUY” rating on THCOM with a target price of 13.40 baht. 