Stocks in the news (aav, amata, bch, itel, thcom) 12.02.26
Asia Aviation Public Company Limited is the major shareholder and holding company of Thai AirAsia, operating low-cost airline services focused on domestic and international short-haul routes from Thailand, with revenues primarily from passenger fares and ancillary services.
AAV / Capital A: Plans to redeploy larger A330 aircraft for long-haul routes; Bangkok–Europe under consideration, positioning AirAsia X as a budget alternative to Gulf carriers.
Comment: Once the shareholding is confirmed…and if oil comes down (don’t know when…I still think it stays around here), then it may move…but until then.
Amata Corporation Public Company Limited develops and operates industrial estates and related utilities in Thailand and Vietnam, providing land sales, factory rentals, power and water services, and integrated industrial city solutions to domestic and international manufacturers.
AMATA urged the government to prioritize policy stability and accelerate efforts to attract investment from Vietnam, Indonesia, and Malaysia, alongside labor upskilling and targeted incentives.
Comment: Amata doesn’t know how to do business outside of Thailand. And even in Thailand, WHA has been spanking them left right and centre.
Bangkok Chain Hospital Public Company Limited operates a network of private hospitals and healthcare facilities in Thailand, focusing on mid‑market and social security patient segments under the Kasemrad and World Medical Center brands.
BCH: Installed 3T MRI at Kasemrat Rattanathibet Hospital to enhance imaging capability and patient experience, reinforcing its western Bangkok medical hub positioning.
Interlink Telecom Public Company Limited provides telecommunications infrastructure services in Thailand, including fiber‑optic network leasing, data center and cloud services, and managed network solutions for corporate and carrier customers.
ITEL: Targets FY revenue growth of 10–15% y/y to above THB3.5bn, backed by THB2.2bn EPC backlog and two network-connection projects between hyperscalers and cloud providers. Aims to secure at least 10% of the government’s THB5.8bn digital infrastructure projects this year.
Comment: A mini infra player in this space.
Thaicom Public Company Limited is a satellite and digital platform operator in Thailand, providing satellite transponder leasing, teleport and network services, and related media and broadband connectivity solutions across Asia and other regions.
THCOM: Expects to extend contracts for THCOM4 and THCOM6 before expiry at end-2026. Exploring defense-related satellite applications (surveillance/monitoring). Sees strong chance in USO broadband Phase 3 given limited satellite competition. Launch of THCOM9 in mid-2026 to support 2H earnings. Targets 5–10% revenue growth this year.
Comment: I’ve been calling this my Thai space play.
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