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21 articles for Thaicom PCL
Thaicom PCL: Missed estimates; three new satellites to be built for 119.5 degrees East slot
Significantly below our estimates. THCOM posted a Bt439m net loss for 4Q22. We model a Bt75m 1Q23 core profit, up a significant 591% YoY.
Prasit Sujiravorakul @ Bualuang Securities 13 February 2023
Thaicom PCL: Target price upgrade; two satellite orbital slot licenses now factored in
THCOM—the winner of two satellite orbital slot licenses. Surprise! THCOM won two slots—added values now factored in. Debt-to-equity ratio still below its covenant on the new drawdown.
Prasit Sujiravorakul @ Bualuang Securities 16 January 2023
Thaicom PCL: Bt1.5-2/share value add-on from likely win of orbital slot license
THCOM—the most qualified contender for Jan 8 orbital slot auction. 119.5 degrees East slot—the most sought-after slot. Bt1.5-2/share value add-on from winning 119.5 degrees slot license.
Prasit Sujiravorakul @ Bualuang Securities 23 December 2022
Thaicom PCL: Core number beat our model; YoY turnaround to 4Q22 core profit seen
Net profit missed but core profit beat our estimate. THCOM posted a Bt121m net profit for 3Q22. We model a Bt60m 4Q22 core profit.
Prasit Sujiravorakul @ Bualuang Securities 9 November 2022
Thaicom PCL: Beat our model; YoY turnaround to core profit expected for 3Q22
Sales beat our model by 5% led by higher transponder service revenue from overseas customers. SG&A expense was 8% below estimate due to the cost-cutting initiatives. GM of 48.8% was higher than our 48% estimate.
Prasit Sujiravorakul @ Bualuang Securities 8 August 2022
Thaicom PCL: YoY reversal to core black ink; blacker core ink expected in 2Q22
Our TRADING BUY stands, in anticipation of the NBTC’s satellite orbital slot license auctions in 2H22 and a reversal into core profit for 2022. Excluding extra items in 1Q22—1) Bt23m FX loss and 2) Bt63m in reversal of impairment loss arising from de...
Prasit Sujiravorakul @ Bualuang Securities 9 May 2022
Details
Thailand
Asia
Telecommunication Services
About
Thaicom PCL operates satellite communication business. The Company operates and provides satellite transponder services. Thaicom also provides Internet, satellite uplink/downlink, and telephone network services.
