The Practical Solution vs ALT Telecom: why the prices moved differently

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

The Practical Solution Public Company Limited (TPS.BK)

Q3 202622 Jul – 5 Oct 2026

▲3▼1

TPS profit falls, but AI platform TALLI and 1.78bn backlog drive growth hopes

Q2 profit drops sharply TPS's second-quarter 2026 profit fell to 24.06 million baht from 37.70 million a year earlier, and first-half profit dropped to 40.67 million from 59.79 million. Weaker earnings weigh on the stock because investors pay less for lower profits.
This is the main negative force this period and a real counterweight to the growth story.
TALLI AI platform launch TPS launched TALLI, its own enterprise AI platform that connects to a client's existing data right away. This moves TPS from a pure IT installer to a platform owner, which can open new revenue and lift future profits.
The TALLI launch is the biggest new growth driver and the clearest reason the stock is moving.
1.78bn backlog and Q3 outlook TPS holds a backlog of about 1.784 billion baht that will be recognized as revenue, and management hints at a bright third quarter. A large backlog gives visibility on future sales, supporting the stock price.
The backlog and positive Q3 guidance are the core demand-side support for the stock.
Interim dividend and CAC membership TPS paid an interim dividend of 0.03 baht per share and joined Thailand's anti-corruption initiative (CAC). The dividend returns cash to shareholders, while CAC membership builds trust with customers and investors, both mildly supportive for the stock.
These are new capital-return and governance signals that support investor confidence.

August 202622 Jul – 5 Oct 2026

▲3▼1

TPS profit falls, but AI platform TALLI and 1.78bn backlog drive growth hopes

Q2 profit drops sharply TPS's second-quarter 2026 profit fell to 24.06 million baht from 37.70 million a year earlier, and first-half profit dropped to 40.67 million from 59.79 million. Weaker earnings weigh on the stock because investors pay less for lower profits.
This is the main negative force this period and a real counterweight to the growth story.
TALLI AI platform launch TPS launched TALLI, its own enterprise AI platform that connects to a client's existing data right away. This moves TPS from a pure IT installer to a platform owner, which can open new revenue and lift future profits.
The TALLI launch is the biggest new growth driver and the clearest reason the stock is moving.
1.78bn backlog and Q3 outlook TPS holds a backlog of about 1.784 billion baht that will be recognized as revenue, and management hints at a bright third quarter. A large backlog gives visibility on future sales, supporting the stock price.
The backlog and positive Q3 guidance are the core demand-side support for the stock.
Interim dividend and CAC membership TPS paid an interim dividend of 0.03 baht per share and joined Thailand's anti-corruption initiative (CAC). The dividend returns cash to shareholders, while CAC membership builds trust with customers and investors, both mildly supportive for the stock.
These are new capital-return and governance signals that support investor confidence.

Latest22 Jul – 5 Oct 2026

▲3▼1

TPS profit falls, but AI platform TALLI and 1.78bn backlog drive growth hopes

Q2 profit drops sharply TPS's second-quarter 2026 profit fell to 24.06 million baht from 37.70 million a year earlier, and first-half profit dropped to 40.67 million from 59.79 million. Weaker earnings weigh on the stock because investors pay less for lower profits.
This is the main negative force this period and a real counterweight to the growth story.
TALLI AI platform launch TPS launched TALLI, its own enterprise AI platform that connects to a client's existing data right away. This moves TPS from a pure IT installer to a platform owner, which can open new revenue and lift future profits.
The TALLI launch is the biggest new growth driver and the clearest reason the stock is moving.
1.78bn backlog and Q3 outlook TPS holds a backlog of about 1.784 billion baht that will be recognized as revenue, and management hints at a bright third quarter. A large backlog gives visibility on future sales, supporting the stock price.
The backlog and positive Q3 guidance are the core demand-side support for the stock.
Interim dividend and CAC membership TPS paid an interim dividend of 0.03 baht per share and joined Thailand's anti-corruption initiative (CAC). The dividend returns cash to shareholders, while CAC membership builds trust with customers and investors, both mildly supportive for the stock.
These are new capital-return and governance signals that support investor confidence.

ALT Telecom Public Company Limited (ALT.BK)

Q3 202621 Sep – 4 Oct 2026

▲4

ALT's backlog jumps to 6.9bn baht on hyperscaler and smart-grid deals

Hyperscaler contracts lift backlog to 6.9bn baht ALT signed about 2 billion baht of 20-year network and digital infrastructure lease contracts with global hyperscaler customers in Q3 2026, raising its backlog from 5.115 billion baht to roughly 6.9 billion baht. It is negotiating more deals for Q4. This locks in recurring revenue for years, supporting the share price.
This is the core new event driving ALT's backlog and future revenue.
2bn baht Bangkok-EEC fibre contract signed ALT signed a fibre-optic network project along the Bangkok-EEC route linked to data centers, worth about 2 billion baht, with revenue recognition starting mid-next year. The stock rose 3% on the news. This adds a large, concrete project to its pipeline.
A specific new contract that directly adds to ALT's order book and revenue outlook.
Smart-grid and smart-meter opportunity worth billions Thailand's government is preparing a 10-20 billion baht smart-grid pilot, including replacing millions of household meters with smart meters. ALT is named as a potential beneficiary and is bidding for PEA and MEA smart-grid and AMI work worth several billion baht. This could become a major new revenue stream.
A new government-driven demand source that could significantly expand ALT's addressable market.
Data center and AI demand drives double-digit growth target ALT targets double-digit revenue growth in H2 2026, driven by rising demand for fiber networks and submarine cables from data centers, cloud and AI. It plans to expand cable landing stations and connect to the Eastern Economic Corridor. This trend underpins its long-term growth story.
Explains the broader demand trend behind ALT's contracts and growth targets.

September 202621 Sep – 4 Oct 2026

▲4

ALT's backlog jumps to 6.9bn baht on hyperscaler and smart-grid deals

Hyperscaler contracts lift backlog to 6.9bn baht ALT signed about 2 billion baht of 20-year network and digital infrastructure lease contracts with global hyperscaler customers in Q3 2026, raising its backlog from 5.115 billion baht to roughly 6.9 billion baht. It is negotiating more deals for Q4. This locks in recurring revenue for years, supporting the share price.
This is the core new event driving ALT's backlog and future revenue.
2bn baht Bangkok-EEC fibre contract signed ALT signed a fibre-optic network project along the Bangkok-EEC route linked to data centers, worth about 2 billion baht, with revenue recognition starting mid-next year. The stock rose 3% on the news. This adds a large, concrete project to its pipeline.
A specific new contract that directly adds to ALT's order book and revenue outlook.
Smart-grid and smart-meter opportunity worth billions Thailand's government is preparing a 10-20 billion baht smart-grid pilot, including replacing millions of household meters with smart meters. ALT is named as a potential beneficiary and is bidding for PEA and MEA smart-grid and AMI work worth several billion baht. This could become a major new revenue stream.
A new government-driven demand source that could significantly expand ALT's addressable market.
Data center and AI demand drives double-digit growth target ALT targets double-digit revenue growth in H2 2026, driven by rising demand for fiber networks and submarine cables from data centers, cloud and AI. It plans to expand cable landing stations and connect to the Eastern Economic Corridor. This trend underpins its long-term growth story.
Explains the broader demand trend behind ALT's contracts and growth targets.

Latest21 Sep – 4 Oct 2026

▲4

ALT's backlog jumps to 6.9bn baht on hyperscaler and smart-grid deals

Hyperscaler contracts lift backlog to 6.9bn baht ALT signed about 2 billion baht of 20-year network and digital infrastructure lease contracts with global hyperscaler customers in Q3 2026, raising its backlog from 5.115 billion baht to roughly 6.9 billion baht. It is negotiating more deals for Q4. This locks in recurring revenue for years, supporting the share price.
This is the core new event driving ALT's backlog and future revenue.
2bn baht Bangkok-EEC fibre contract signed ALT signed a fibre-optic network project along the Bangkok-EEC route linked to data centers, worth about 2 billion baht, with revenue recognition starting mid-next year. The stock rose 3% on the news. This adds a large, concrete project to its pipeline.
A specific new contract that directly adds to ALT's order book and revenue outlook.
Smart-grid and smart-meter opportunity worth billions Thailand's government is preparing a 10-20 billion baht smart-grid pilot, including replacing millions of household meters with smart meters. ALT is named as a potential beneficiary and is bidding for PEA and MEA smart-grid and AMI work worth several billion baht. This could become a major new revenue stream.
A new government-driven demand source that could significantly expand ALT's addressable market.
Data center and AI demand drives double-digit growth target ALT targets double-digit revenue growth in H2 2026, driven by rising demand for fiber networks and submarine cables from data centers, cloud and AI. It plans to expand cable landing stations and connect to the Eastern Economic Corridor. This trend underpins its long-term growth story.
Explains the broader demand trend behind ALT's contracts and growth targets.