On Friday at 11:07 AM (Bangkok time), the share price of Thaicom Public Company Limited (SET: THCOM) rose by 2.36% or THB 0.30 to THB 13.00, with a trading value of THB 198.68 million.
Yuanta Securities wrote that 2026 is a pivotal year for THCOM, as the company is poised to benefit from opportunities to secure two to three major projects. These projects will encompass both construction contracts and presales of satellites in the Indian market.
Should the company successfully close these deals, it would significantly enhance market perceptions regarding its long-term growth potential.
Reflecting this optimistic outlook, the brokerage has revised its forecasts and target price upwards to demonstrate greater confidence in these positive developments. The new target price is set at THB 16.30 per share, based on a discounted cash flow (DCF) valuation method, while maintaining a ‘Buy’ recommendation.
In the short term, THCOM’s share price is expected to experience further upside driven by market expectations of the successful completion of these large-scale deals, which could serve as an important turning point in the company’s fundamentals going forward.
