ALT rises 3% on signing 2-billion-baht Bangkok-EEC fiber optic contract

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Summary · why it matters

Shares of ALT Telecom, or ALT, rose 3.01% to 1.71 baht at 10:02 a.m. after the company signed a contract for a fiber optic network project along the Bangkok-EEC route linked to data centers, with a total value of approximately 2 billion baht, and it will begin recognizing revenue in the middle of next year. KGI Securities (Thailand) said in an analysis, giving a base target price of 3.0 baht, that it expects ALT to be one of the stocks benefiting from the unlocking of the PDP2026 plan and data centers this October. It also expects that the investment project to replace smart meters to support Thailand's energy transition will be an upside. Currently ALT holds a 40% stake in Energy Max, which operates a smart meter business, while the other 50% is held by PIS, a subsidiary of SKY, and it is expected that in the third quarter of 2026 there is a chance of recording an extraordinary profit from selling Energy Max shares to PIS. It estimates support at 1.65 baht and resistance at 1.71-1.75 baht; if this resistance range is broken, the next resistance is estimated at 1.80-1.90 baht, with a stop loss at 1.60 baht.

Impact on assets 4

Cloud & Digital Infrastructure▲
ALT Telecom Public Company Limited
ALT
▲ PositiveDemandrelevance

ALT signed a ~2-billion-baht fiber optic network contract along the Bangkok-EEC route linked to data centers, with revenue recognition starting mid-next year.

Financials▲
KGI Securities (Thailand) Public Company Limited
KGI
± MixedCapitalrelevance

KGI Securities issued an analysis with a 3.0-baht base target price and technical support/resistance levels for ALT, but the article reports no company-specific development for KGI itself.

Cybersecurity & Digital Trust▲
Information Technology▲