Should THCOM win the satellite orbital slot license at the NBTC’s Jan 8 auctions, we will then add the value of Bt1.5-2/share to our current Bt14/share target price. It is most likely that it will bid and win the 119.5 degrees East slot, presenting a good TRADING BUY opportunity.
THCOM—the most qualified contender for Jan 8 orbital slot auction
Altogether six firms—National Telecom (NT), mu Space and Advanced Technology, Prompt Technical Services, Space Tech Innovation (a THCOM subsidiary), Ascend Capital (part of the CP Group) and The Win Telecom—picked up the bid documents for the satellite orbital slot licensing auction during Nov 4-30. The interested firms are scheduled to submit the bid documents on Dec 27, 2022, and the list of qualified bidders is slated to be announced on Jan 4, 2023. A mock auction is scheduled on Jan 7 and the real auction on Jan 8.