← Thaicom overview

Thaicom vs Lumen Technologies: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Thaicom Public Company Limited (THCOM.BK)

Q3 2026
▲2▼2

THCOM wins 2.45bn baht USO3 contracts, but faces 1.26bn baht lawsuit

  • Cabinet lawsuit over satellite concession The Cabinet authorized the Digital Economy Ministry to sue THCOM for 1.259 billion baht (1.15 baht per share, 11% of market value) over alleged breach of the satellite concession. This is a real legal overhang that could hit cash and future government satellite business, though brokers say the market reaction may be overdone.

    This is a major new legal risk that directly threatens THCOM's finances and government contracts.

  • Wins 2 of 5 USO3 border internet contracts worth 2.45bn baht THCOM's joint venture with Interlink Telecom won two USO3 contracts (Northeast and East-West) worth 2.45 billion baht. This provides certain revenue over five years, with installation starting early 2027. It helps offset losses during the satellite transition, though it won't fully turn the company profitable yet.

    This is a concrete new contract win that boosts future revenue and improves sentiment.

  • Broker upgrades on USO3 win Asia Plus raised THCOM's 2027 profit forecast from 381 million to 729 million baht and upgraded the stock to Buy with a target price of 11.80 baht. Kasikorn maintained Hold with a 12.47 baht target, noting the win beat expectations but isn't enough to end operating losses.

    Analyst upgrades directly influence investor perception and can drive buying interest.

  • THCOM remains a weak point in the group In the telecom group's Q2 results, THCOM posted a core loss of 79 million baht while TRUE and ADVANC reported strong profit growth. This highlights THCOM's ongoing struggles, especially with satellite transition delays, and keeps it a drag on the group's overall performance.

    This underscores THCOM's weak fundamentals relative to peers, which weighs on its valuation.

September 2026
▲2▼2

THCOM wins 2.45bn baht USO3 contracts, but faces 1.26bn baht lawsuit

  • Cabinet lawsuit over satellite concession The Cabinet authorized the Digital Economy Ministry to sue THCOM for 1.259 billion baht (1.15 baht per share, 11% of market value) over alleged breach of the satellite concession. This is a real legal overhang that could hit cash and future government satellite business, though brokers say the market reaction may be overdone.

    This is a major new legal risk that directly threatens THCOM's finances and government contracts.

  • Wins 2 of 5 USO3 border internet contracts worth 2.45bn baht THCOM's joint venture with Interlink Telecom won two USO3 contracts (Northeast and East-West) worth 2.45 billion baht. This provides certain revenue over five years, with installation starting early 2027. It helps offset losses during the satellite transition, though it won't fully turn the company profitable yet.

    This is a concrete new contract win that boosts future revenue and improves sentiment.

  • Broker upgrades on USO3 win Asia Plus raised THCOM's 2027 profit forecast from 381 million to 729 million baht and upgraded the stock to Buy with a target price of 11.80 baht. Kasikorn maintained Hold with a 12.47 baht target, noting the win beat expectations but isn't enough to end operating losses.

    Analyst upgrades directly influence investor perception and can drive buying interest.

  • THCOM remains a weak point in the group In the telecom group's Q2 results, THCOM posted a core loss of 79 million baht while TRUE and ADVANC reported strong profit growth. This highlights THCOM's ongoing struggles, especially with satellite transition delays, and keeps it a drag on the group's overall performance.

    This underscores THCOM's weak fundamentals relative to peers, which weighs on its valuation.

Latest
▲2▼2

THCOM wins 2.45bn baht USO3 contracts, but faces 1.26bn baht lawsuit

  • Cabinet lawsuit over satellite concession The Cabinet authorized the Digital Economy Ministry to sue THCOM for 1.259 billion baht (1.15 baht per share, 11% of market value) over alleged breach of the satellite concession. This is a real legal overhang that could hit cash and future government satellite business, though brokers say the market reaction may be overdone.

    This is a major new legal risk that directly threatens THCOM's finances and government contracts.

  • Wins 2 of 5 USO3 border internet contracts worth 2.45bn baht THCOM's joint venture with Interlink Telecom won two USO3 contracts (Northeast and East-West) worth 2.45 billion baht. This provides certain revenue over five years, with installation starting early 2027. It helps offset losses during the satellite transition, though it won't fully turn the company profitable yet.

    This is a concrete new contract win that boosts future revenue and improves sentiment.

  • Broker upgrades on USO3 win Asia Plus raised THCOM's 2027 profit forecast from 381 million to 729 million baht and upgraded the stock to Buy with a target price of 11.80 baht. Kasikorn maintained Hold with a 12.47 baht target, noting the win beat expectations but isn't enough to end operating losses.

    Analyst upgrades directly influence investor perception and can drive buying interest.

  • THCOM remains a weak point in the group In the telecom group's Q2 results, THCOM posted a core loss of 79 million baht while TRUE and ADVANC reported strong profit growth. This highlights THCOM's ongoing struggles, especially with satellite transition delays, and keeps it a drag on the group's overall performance.

    This underscores THCOM's weak fundamentals relative to peers, which weighs on its valuation.

Lumen Technologies, Inc. (LUMN)

Q3 2026
▲3

Lumen's AI-era pivot grows as legacy decline and debt persist

  • New AI-driven business now outweighs shrinking legacy revenue Lumen's new-business segment, selling AI infrastructure, grew 14% to $1.3 billion and became the majority of business revenue for the first time. But legacy revenue fell 15% to $1.2 billion, and the company still lost money. The growth is the bull case; the shrinking old business is the drag.

    It shows the core shift investors are betting on and the offsetting decline that keeps the stock pressured.

  • Q2 results beat expectations, easing near-term financial fear Lumen reported a quarterly loss of 7 cents a share, much smaller than the 15-cent loss analysts expected, and revenue of $2.81 billion beat forecasts. Beating estimates signals the business is holding up better than feared, which supports the stock even though revenue was still lower than a year ago.

    An earnings beat is a concrete new fact that directly lifts sentiment on the shares.

  • CEO buys stock and cloud modernization deals advance CEO Kate Johnson bought 100,000 shares at about $6.13, a public sign of confidence. Lumen also expanded its Amdocs partnership to move enterprise order systems onto Amazon Web Services, following earlier Google Cloud and Microsoft Azure migrations. These moves aim to cut manual work and speed up new services.

    Insider buying plus concrete cloud progress are fresh, price-supportive signals.

  • New products target enterprise bandwidth and security demand Lumen launched Intelligent Internet, letting businesses flex bandwidth up to 100 Gbps with digital provisioning, term-based pricing and bundled security. It also rolled out a managed security service with Palo Alto Networks. These aim to capture rising AI-driven network demand, though analysts disagree on whether the stock is cheap or expensive.

    New product launches are the fresh growth catalysts, with valuation debate as the counterweight.

August 2026
▲3

Lumen's AI-era pivot grows as legacy decline and debt persist

  • New AI-driven business now outweighs shrinking legacy revenue Lumen's new-business segment, selling AI infrastructure, grew 14% to $1.3 billion and became the majority of business revenue for the first time. But legacy revenue fell 15% to $1.2 billion, and the company still lost money. The growth is the bull case; the shrinking old business is the drag.

    It shows the core shift investors are betting on and the offsetting decline that keeps the stock pressured.

  • Q2 results beat expectations, easing near-term financial fear Lumen reported a quarterly loss of 7 cents a share, much smaller than the 15-cent loss analysts expected, and revenue of $2.81 billion beat forecasts. Beating estimates signals the business is holding up better than feared, which supports the stock even though revenue was still lower than a year ago.

    An earnings beat is a concrete new fact that directly lifts sentiment on the shares.

  • CEO buys stock and cloud modernization deals advance CEO Kate Johnson bought 100,000 shares at about $6.13, a public sign of confidence. Lumen also expanded its Amdocs partnership to move enterprise order systems onto Amazon Web Services, following earlier Google Cloud and Microsoft Azure migrations. These moves aim to cut manual work and speed up new services.

    Insider buying plus concrete cloud progress are fresh, price-supportive signals.

  • New products target enterprise bandwidth and security demand Lumen launched Intelligent Internet, letting businesses flex bandwidth up to 100 Gbps with digital provisioning, term-based pricing and bundled security. It also rolled out a managed security service with Palo Alto Networks. These aim to capture rising AI-driven network demand, though analysts disagree on whether the stock is cheap or expensive.

    New product launches are the fresh growth catalysts, with valuation debate as the counterweight.

Latest
▲3

Lumen's AI-era pivot grows as legacy decline and debt persist

  • New AI-driven business now outweighs shrinking legacy revenue Lumen's new-business segment, selling AI infrastructure, grew 14% to $1.3 billion and became the majority of business revenue for the first time. But legacy revenue fell 15% to $1.2 billion, and the company still lost money. The growth is the bull case; the shrinking old business is the drag.

    It shows the core shift investors are betting on and the offsetting decline that keeps the stock pressured.

  • Q2 results beat expectations, easing near-term financial fear Lumen reported a quarterly loss of 7 cents a share, much smaller than the 15-cent loss analysts expected, and revenue of $2.81 billion beat forecasts. Beating estimates signals the business is holding up better than feared, which supports the stock even though revenue was still lower than a year ago.

    An earnings beat is a concrete new fact that directly lifts sentiment on the shares.

  • CEO buys stock and cloud modernization deals advance CEO Kate Johnson bought 100,000 shares at about $6.13, a public sign of confidence. Lumen also expanded its Amdocs partnership to move enterprise order systems onto Amazon Web Services, following earlier Google Cloud and Microsoft Azure migrations. These moves aim to cut manual work and speed up new services.

    Insider buying plus concrete cloud progress are fresh, price-supportive signals.

  • New products target enterprise bandwidth and security demand Lumen launched Intelligent Internet, letting businesses flex bandwidth up to 100 Gbps with digital provisioning, term-based pricing and bundled security. It also rolled out a managed security service with Palo Alto Networks. These aim to capture rising AI-driven network demand, though analysts disagree on whether the stock is cheap or expensive.

    New product launches are the fresh growth catalysts, with valuation debate as the counterweight.