THCOM Surges 4% on Optimism Over USO Phase 3 Project and Potential Profit Recovery

published 35 d ago · en · source ↗

Affected tickers

Per-ticker News Sentiment Indicator

AMZNother · neutral · high
The article focuses on THCOM's project developments and partnership with Amazon LEO, which has no material impact on Amazon.com Inc. (AMZN) stock.
LEOother · neutral · high
The article focuses on THCOM's project developments and mentions a partnership with Amazon LEO, but provides no material news regarding LEO Global Logistics Public Company Limited.
LHother · neutral · high
The article discusses developments for THCOM and mentions Land and Houses Securities as the brokerage firm, but provides no material news affecting LH.
NOWother · neutral · high
The article discusses developments for Thaicom (THCOM) and is unrelated to ServiceNow Inc. (NOW).
ORother · neutral · high
The article discusses developments for THCOM and does not contain any material information regarding PTT Oil and Retail Business Public Company Limited (OR).
THCOMother · positive · med
The stock price rose due to optimism surrounding the NBTC's reopening of the USO Phase 3 project auction, which could lead to a profit recovery for the company.

Article body

On Thursday at 2:19 PM (Bangkok time), the share price of Thaicom Public Company Limited (SET: THCOM ) rose by 3.54% or THB 0.40 to THB 11.70, with a trading value of THB 66.56 million. Land and Houses Securities (LHS) noted improving sentiment for THCOM following greater clarity surrounding the USO Phase 3 project. The National Broadcasting and Telecommunications Commission (NBTC) has officially reopened the auction for the project, which now covers five regions with a combined reference price of THB 5.5 billion. The bidding process is scheduled to take place through E-Bidding on June 29, 2026. Should THCOM secure the USO Phase 3 contract, the company is expected to see a clear recovery in profits starting from the fourth quarter of 2026. Looking ahead, there is further upside potential from upcoming projects. These include a national security initiative anticipated to begin generating revenue in the second half of 2026, as well as THCOM’s partnership with Amazon LEO for gateway hosting, landing rights, and service distribution in Thailand. Clarity regarding the THCOM9 project also increases, now expected to commence operations in the first half of 2027. Following these, the brokerage gives a ‘Buy’ recommendation to THCOM, setting a target price at THB 12.50 per share.