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Symphony Communication Public Company Limited

Symphony Communication Public Company Limited provides circuit communication services in Thailand, Southeast Asia, and internationally. Its offerings include domestic and international network connectivity, internet services such as direct internet, SME broadband, internet exchange, and IP transit, as well as data center and cloud services like cloud infrastructure as a service, backup as a service, DR as a service, and cloud direct connect. The company also provides managed security services, including network security (appliance firewall, virtual firewall, anti-DDoS), IT security (endpoint detection and response, data loss prevention, web application firewall), and cybersecurity services (vulnerability assessment, penetration testing, awareness training, digital risk protection, log monitoring, and incident response). Additionally, it offers ICT solutions such as wireless solutions and cloud PABX. Incorporated in 2005, the company is headquartered in Bangkok, Thailand.

Price · split & dividend adjusted
News & notes moving SYMC.BK
Cloud & Digital Infrastructure

SYMC Unveils 4 Strategies to Capture AI-Data Center Megatrend, Q2/2026 Profit Jumps 49.6%

Symphony Communication Public Company Limited, or SYMC, has announced four core strategies to capture the megatrends of AI, data centers, and the digital economy, while maintaining its 2026 performance targets for revenue, EBITDA, and net profit to grow at double-digit levels. The company plans capital expenditure of approximately 25-30% of revenue to expand its network in support of investments by hyperscaler groups in Thailand. For its second-quarter 2026 results, the company reported total revenue of 596.2 million baht, up 11.7% from the same period a year earlier, EBITDA of 217.1 million baht, up 19.2%, and net profit of 60.0 million baht, up 49.6% from the same period a year earlier and 40.9% from the previous quarter. For the first six months of 2026, total revenue was 1,146.2 million baht, up 7.5%, net profit was 102.6 million baht, up 13.4%, and EBITDA was 417.6 million baht, up 10.4%. Domestic enterprise customers accounted for 53% of total revenue, while international services accounted for 35% of total revenue. As for its financial position as of June 30, 2026, the company's debt-to-equity ratio stood at 0.57 times and its interest-bearing debt-to-equity ratio at 0.34 times, with net cash flow from operating activities positive at 215.4 million baht. Meanwhile, an extraordinary shareholders' meeting approved entering into a long-term contract to provide Managed Connectivity services to TGCTH, with a total transaction value of more than 1,792.7 million baht, which will help increase its recurring revenue base and support long-term revenue visibility. One of the four core strategies is upgrading the MCT submarine cable system with the latest technology to support capacity of more than 30 Tbps, in order to drive the Eastern Economic Corridor toward becoming a data gateway and enhance Thailand's ability to attract investment from global technology providers, platforms, and data centers.
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Cloud & Digital Infrastructure

Yuanta positive on GULF's joint investment in VTS submarine cable, service launch set for 2030

Yuanta Securities stated that GULF has notified the market of its expansion into the submarine cable business to support the growth of cloud and data centers, by joining the investment in the VTS route, which stands for Vietnam-Thailand-Singapore and is scheduled to launch in 2030. The VTS project was originally a collaboration between Singtel and Viettel to connect Vietnam and Singapore, before GULF joined the investment and added Thailand to the route. Yuanta views the investment in the VTS route as positive for Thailand's data center industry in the long term, because it adds options for data connectivity between Thai data centers and overseas, especially Singapore, which is a key digital hub for the region. For GULF, it is seen as positive in the long term, as it makes the digital infrastructure business more complete, spanning data centers, cloud, and connectivity and submarine cable, in line with the company's upgrade toward AI infrastructure. Meanwhile, the investment in the submarine cable, which is not a very long route, is expected to require a relatively modest amount of capital compared with GULF's overall investment plan, and therefore should not significantly affect the company's financial position or its main investment plans. In addition, continued cooperation with Singtel on digital infrastructure projects may help ease market concerns over the possibility that Singtel will gradually reduce its stake in GULF, which has been one of the pressures on the share price recently. However, Yuanta views this issue as a sentiment factor rather than a fundamental one. As for SYMC, Yuanta views the investment in VTS as not a direct competitor to MCT, which connects Malaysia-Cambodia-Thailand, so the impact on SYMC's revenue in the short term is likely to be limited. At the same time, the entry of a major player like GULF reflects that submarine cable is becoming critical infrastructure for the growth of cloud and data centers, and could be the next growth opportunity for the connectivity business after data center investment began expanding significantly, which is a positive picture for service providers like SYMC in the long term.
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Artificial Intelligence

Brokers say Thai stocks in Infra Tech, power, contracting, and industrial estates to benefit from new Data Center regulations

Analysts expect that the clarity of the new Data Center business regulations, which the government is preparing to approve, will help attract investment and benefit stocks in technology infrastructure, power, construction contracting, telecommunications, and industrial estates. The Board of Investment has already approved Data Center and Cloud Service projects worth over 958 billion baht. Power plant and utility groups such as WHAUP are expected to benefit from sales of industrial water and electrical systems, while GUNKUL, GULF, BGRIM, and STECON will gain from engineering systems, clean energy, and Data Center building construction. In the electronics sector, DELTA is highlighted as a standout stock due to demand for power supply systems and cooling technology for AI servers. HANA and KCE are supported by orders for high-end printed circuit boards, and WHA benefits from selling land in industrial estates to foreign investors. Additionally, BCPG is gaining from natural gas power plants in the United States that are seeing electricity demand from Data Centers, while INSET, ITEL, and SYMC have opportunities to undertake Data Center system installation, co-location services, and fiber optic network projects.
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