Stock dimension – THCOM, new satellite, pre-sale 50%, boosting profits rocketing, recommending brokers to buy, hitting a target of 18.90 baht
THCOM or Thaicom Public Company Limited by Mr. Pathomphob Suwansiri, Chief Executive Officer, said that Thaicom Group has signed an agreement with Eutelsat Asia PTE. LTD., a subsidiary of Eutelsat SA, the world’s leading satellite operator from France. Let Thaicom be the new broadband satellite operator. orbit 119.5 degrees east to Eutelsat Asia, 50% of all transponders, for a period of 16 years.
New satellite pushes profits through the sky
Bualuang Securities stated that after closing the sale, the new satellite will help THCOM reach the break-even point of EBITDA level (positive net cash flow) soon from launch into orbit in Q3/70 and may It is possible to create a synergy between Eutelsat and THCOM. There are two more small satellites in this orbit. Starting in 2025, THCOM will increase the value of THCOM shares from the current around 0.5 baht/share. Still recommending a speculative buy with a target price of 18 baht.
Broker recommended to buy, hit the target 18.90 baht.
Yuanta Securities stated that in the long term, the stock is still interesting with the progress of closing new customers from now on. There will be an incremental profit to be included in THCOM’s projection in the long term. It has the potential to make a profit of 1.5-2 billion baht per year, not difficult. From 2013, it is expected to have a net profit of 426 million baht. Still recommend buying, target price 18.90 baht.
Follow the stock dimension channel to receive capital market news via the link below.
Web : https://www.mitihoon.com/
Facebook : https://www.facebook.com/mitihoon
Youtube : https://www.youtube.com/@mitihoonofficial7770
Tiktok : www.tiktok.com/@mitihoon
2023-08-27 15:00:16
#THCOM #Radiant #Aura #Satellite #Profit #Soars #Stock #Dimension #Points #Investment
