THCOM set to recognise 2.1 billion baht in USO3 revenue, 2027 profit to reach 184 million baht

AnalystAnalyst
โดย ทันหุ้น·TH·Read original
Summary · why it matters

Kasikorn Securities estimates that THCOM will recognise revenue of about 2.1 billion baht from the USO Phase 3 project, or roughly 80% of the project value won by the TCI joint venture. The joint venture, a partnership between THCOM and ITEL, won 2 of the 5 regions up for bid with a bid of 2.45 billion baht, against an initial project value of 5.56 billion baht. THCOM is expected to recognise about 1.2 billion baht in revenue in the first half of 2027 and to book normal profit from the project in 2027 of about 184 million baht, adding roughly 0.34 baht per share in value. However, this still cannot offset losses from the delayed launches of the Thaicom 9 and Thaicom 10 satellites, so the brokerage maintains a hold rating with a fair value of 12.47 baht. Meanwhile, Asia Plus Securities takes a positive view, raising its 2027 normal profit forecast to 729 million baht from 381 million baht, and keeping its 2026 net loss estimate at 393 million baht, with a buy recommendation and a 2027 target price of 11.80 baht, up from 11.30 baht.

Impact on stocks 3

Space Economy▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Financials▲ · 1 stocks

Theme Impact 2

Related news

▲

Morgan Stanley Sees 99% Upside in SpaceX Ahead of Starship Orbital Test

Morgan Stanley analyst Adam Jonas reiterated a Buy rating and $300 price target on SpaceX, implying roughly 99% upside, as investors await Starship's first orbital test on September 22. The 14th Starship flight is expected to send the vehicle into orbit and deploy 26 Starlink V3 satellites, tying the launch directly to one of SpaceX's biggest growth businesses. CEO Elon Musk has said Starlink V3 deployment will begin in September and that the next-generation satellites could eventually deliver more than 100 times the bandwidth of the current constellation. Bernstein analyst Douglas Harned maintained an Outperform rating with a $248 target, implying about 64% upside, and said gaining Starship reusability to enable orbital data centers remains most important for SpaceX's valuation; he expects the Connectivity business to generate more than $100 billion in EBITDA by 2031. William Blair analyst Louis DiPalma called the latest deal SpaceXAI's fourth compute agreement in the past four months exceeding $11 billion in ARR, while Wall Street's average SpaceX price target stands at $232.07, implying about 54% upside.
1606.HKMSSPCX
Space Economy ▲
GuruFocus·16hRead more →
▲

United Airlines Taps DISH OnStream for Live Inflight TV via Starlink

United Airlines Holdings has signed a deal with DISH to bring live streaming content to onboard passengers using DISH's OnStream platform over United's Starlink connectivity. Starting this week, United customers can watch live professional and college football games on Starlink-enabled seatback screens on domestic flights, with broadcasts from ABC, CBS, NBC, FOX, FS1, ESPN, ESPN2, NFL Network and TNF on Prime Video available on more than 200 Starlink-equipped airplanes. Starlink is free for MileagePlus members in every class of service, and United expects to complete installations before the end of 2027; the service is now active on more than 560 United mainline and United Express aircraft. United has already flown more than 31 million passengers on Starlink-powered aircraft across more than 464,000 flights, powering 14.2 million devices. The agreement follows United's earlier Starlink tie-ups, including an ESPN partnership that hosted a first-of-its-kind live Fantasy Football Draft from 30,000 feet and onboard streaming of the biggest soccer tournament in the world on domestic flights.
1606.HK601288.CG9405.JPCMCSAECHOFOXA+3
Space Economy ▲
Zacks Investment Research·16hRead more →
▼

AST SpaceMobile Hit With Securities Class Action Over Capital Claims and Insider Sales

A securities class action has been filed against AST SpaceMobile and several executives, alleging misleading statements about its capital strength, competitive position in satellite direct-to-cell services, and insider stock sales between March 4, 2025 and July 15, 2026. The lawsuit challenges earlier claims that AST SpaceMobile could fund its satellite constellation rollout without frequent dilution or heavier debt, directly testing one of the company's core investment pillars. The case lands against a backdrop of large convertible note offerings in late 2025 and 2026, with investors already digesting over US$3.0 billion in planned debt financings as AST SpaceMobile pushes toward its target of roughly 45 satellites in orbit by early 2027. The company's narrative projects $2.2 billion revenue and $190.9 million earnings by 2029, requiring 165.5% yearly revenue growth and an earnings increase of about $810 million from -$618.8 million today. Before the lawsuit, the most optimistic analysts assumed AST SpaceMobile could reach about US$2.6 billion of revenue and US$1.3 billion of earnings by 2029.
ASTS ▼
Space Economy ▼
Simply Wall St·23hRead more →
© 2026 MarketDXNews