HoonSmart.com >> THCOM shares 1.75%. Broker is optimistic on news that Thaicom 7 and 8 arbitration is not under concession, also helping to ease concerns about satellite status and related issues that arose in the previous period. fundamentals do not affect estimates Since THCOM has never set up a reserve for damages from such disputes, it points to year 65, turning it into a profit of 278 million baht from a loss of 225 million baht in year 64, exulting “speculative buying” with a target price of 11 baht.
At 10:21 am, THCOM shares rose 1.75% to 11.60 baht, an increase of 0.20 baht, exchange value of 127.70 million baht, with the market opening at 11 , 90 baht, up to 12.00 baht and the lowest 11.50 baht.
Nomura Securities Pattanasin recommends “speculatively buying” shares of Thaicom (THCOM) with a slightly positive sentiment on the news that Thaicom 7 and 8 are not in concession, helping to alleviate concerns about the satellite’s status and related issues that also occurred in the preceding period. . One of the related disputes is that relating to the use of satellites 7-8 orbits with the NBTC, also under consideration by the Supreme Administrative Court. The arbitration decision is not final and DES may appeal the decision to the Central Administration Court.
Fundamental factors do not affect the estimates. Since THCOM has never set aside a provision for damages arising from the aforementioned disputes, it maintains its normal profit projection of 278 million baht, compared to -225 million baht in 2021. The work of 2H22 remains unchanged. Normal profits are expected to recover noticeably in both yy and hh, especially in 3Q22, where yy will be supported by the loss of concession costs for another 2 months and the company’s share of profits. Laotian companies will recover as kip depreciates at a slower rate and the reception of young customers with the new T-plus brand is good
As for 4Q22, they are expected to start seeing more revenue from additional new businesses such as satellite tracking services. To increase the safety of tourists, together with Globalstar, etc., with a target price of 66 out of 11 baht for the short-term catalyst of the share price, the orbital auction is underway. which is currently in the process of announcing the criteria for the tender and is expected to be auctioned later this year.
