บทวิเคราะห์ (Research)

We maintain a NEUTRAL rating and Bt12.5 TP for THCOM. The message from the management at the conference call yesterday does not change our view that THCOM would deliver muted performance for the next two years until they launch TC-10 satellite in 2027. We are keeping FY24F profit at Bt116m, which is at the lower-end of consensus estimates.