The Cabinet has authorized the Ministry of Digital Economy and Society to sue THCOM, claiming damages of 1.259 billion baht, or 1.15 baht per share, equivalent to 11.05% of the current market capitalization of 11.4 billion baht. Analysts at Kasikorn Securities view this as a negative factor, but if the share price falls by more than 1.15 baht, the market reaction would be excessive. They maintain a "Hold" recommendation with a year-end 2026 target price of 12.47 baht. In the worst-case scenario, the target price could drop by 9.2% to 11.32 baht. Meanwhile, analysts at Finansia Syrus see this as short-term negative sentiment, and in the worst case, the impact on GULF is expected to be limited. They maintain a "Buy" recommendation with a target price of 76 baht.
Thaicom Public Company LimitedCabinet sues THCOM for 1.259 billion baht damages
Finansia X Public Company Limited
