Mr. Patompob Suwansiri, Chief Executive Officer of Thaicom Public Company Limited (SET: THCOM), informed “Kaohoon” that the company is preparing to support natural disaster countermeasures, advancing the government’s new warning system by utilizing space tech to assist domestic disaster management and ensure timely resolution of problems.
Currently, THCOM provides earth observation satellite and AI service with Thai General Insurance Association and Ministry of Agriculture and Cooperatives, monitoring the disaster that occurs on 13 million rai of rice fields, with plan to expand to 50 million rai in the future. These services allow the company to report the situation of the areas that face drought or flood disaster immediately, assisting the farmer to address the problem on time.
As for sugarcane fields, THCOM has examined one million rai of the area, evaluating the burning process, both before and after sugarcane planting, to reduce the occurrence of PM 2.5. Furthermore, the company also monitors the frequent landslide disaster and tries to develop mitigation and relief measures for the victims.
THCOM also cooperates with the Pollution Control Department to survey and prevent forest fires caused by the change of weather by focusing on space tech and introducing countermeasures.
Kasikorn Securities (KS) also issued an update regarding the National Broadcasting and Telecommunications Commission’s (NBTC) Universal Service Obligation (USO) Phase 3 project as the commission has completed its public hearing phase, clearing the way for an auction planned for November.
The USO Phase 3 initiative is valued at THB 5.5 billion, with THB 3.1 billion set aside for installation work to take place in the first 12 months, and the remaining THB 2.4 billion allocated to service fees during months 13 to 70.
Kasikorn Securities noted that THCOM management is aiming to secure at least half of the project’s total value, projecting a net profit margin of around 15%, while the project has not yet been factored into the analyst’s current forecasts. The company is expected to compete with National Telecom (NT) in the satellite services segment and with system integrators (SI) for the installation portion.
The brokerage firm maintains an ‘Outperform’ rating on THCOM, with a target price of THB 16.58 per share, seeing the USO Phase 3 project as a potential earnings driver for 2026 and believes it could help re-rate the stock toward its 2026 book value per share of THB 10.15. On Monday, the company’s shares climbed 5.21%, adding THB 548 million to the company’s market cap—outpacing the estimated THB 375 million profit expected from the project.
