On Wednesday at 10:54 AM (Bangkok time), the share price of Thaicom Public Company Limited (SET: THCOM) advanced by 4.20% or THB 0.50 to THB 12.40, with a trading value of THB 174.39 million.
Yuanta Securities noted that 2026 represents a pivotal year for THCOM, driven by the potential to secure two to three major contracts. These include both engineering services and the possibility of completing presales for satellite capacity in the Indian market. The finalization of these deals could serve as a key factor that prompts the market to significantly reassess THCOM’s long-term growth outlook.
Reflecting increased confidence in these developments, the brokerage has raised both its earnings forecasts and target price for THCOM, reaffirming a ‘Buy’ recommendation, with a new target price set at THB 16.30 per share.
Short-term upside for the stock is also anticipated, based on expectations that THCOM will close a major deal, which could mark an inflection point for the company’s fundamentals. However, downside risks will increase substantially if the company does not secure these contracts prior to the launch of THCOM9.
