The share price of Thaicom Public Company Limited (THCOM) fell ฿0.20/share or 1.68% to ฿11.70/share at the closing of the morning session with a trading value of 79 million baht. The share price fell as much as 4.20% to ฿11.40/share during the session.
Following the report on September 7, 2021, that the Thai Cabinet will request the Ministry of Digital Economy and Society (MDES) to retroact Intouch Holdings Public Company Limited (INTUCH)’s minimum holding stake requirement in THCOM from not less than 41% to 51% under private public partnership act, Kasikorn Securities (KS) stated in the analysis that the resolutions, if implemented, would be positive to THCOM, but warned that INTUCH, if comply, may choose to do so via a capital increase, which will have a negative impact on THCOM’s share price.
Still, the report of this story has yet to be officially confirmed as INTUCH stated that the company has not yet received any notification or any document related to the above-mentioned issues from the Ministry of Digital Economy and Society.
Meanwhile, the share price of INTUCH fell ฿3.25/share or 3.62% to ฿86.50/share with a trading value of 2,251 million baht. The plummet might be due to concerns over unnecessary investment in THCOM, which could affect the amount of dividend payment.