Equity Analysis /

Thailand: ICT - Selection of seven new NBTC board members expected by end of Sep

  • New NBTC board formation expected by the end of Sep 2021

  • Positive for DTAC—3.5GHz auctions slated for 1H22

  • Positive for THCOM—satellite orbital slot auctions expected in 1H22

Bualuang Securities
30 August 2021

The selection of NBTC’s new board expected by end of Sep should facilitate the auctions for 3.5GHz spectrum and satellite orbital slots (assuming that satellite orbital slot auctions are eventually executed by the new board). We believe this will be the catalyst for DTAC and THCOM share prices and reiterate our TRADING BUY calls on both. In the ICT space, our preferred picks are ADVANC and INTUCH.

New NBTC board formation expected by the end of Sep 2021

According to the Secretariat of the Senate, a total of 78 candidates applied for the seven new board member slots of the NBTC. Based on the amended NBTC Act, seven members will come from telecom, broadcasting, television, consumer protection, people’s liberty and rights promotion, law and economics backgrounds. The applicants’ vision presentations are slated during Aug 31-Sep 3. The amended NBTC Act enables the Secretariat’s selection committee to pick seven names out of the qualified candidates and pass the list on to the Senate for their vote.