Mr. Prasert Jantararuangtong, Deputy Prime Minister and Minister of Digital Economy and Society (MDES) of Thailand, stated that the ministry is implementing a policy transforming the public sector into a digital government. Government agencies will start using e-Documents within the e-Office system, which operates under the Government Data Center and Cloud Service (GDCC), developed and provided by MDES. This initiative will also enhance the management process, contribute to environmental conservation, and allow government employees to work remotely.
To drive the transition, the MDES is implementing a paperless government framework at both central and regional levels. At the regional level, the ministry is promoting the e-Office system under the “Digital Korat: The Future Starts Now” project in several rural provinces, with the National Statistical Office assigned to coordinate system adoption. As for the central level, the MDES is driving the adoption within ministries and central government agencies through MOUs that promote the use of e-Documents within the e-Office system.
Mr. Prasert states that there are approximately 100,000 users within the e-office, but this year, the system would support 1,000,000 users. This expansion should enhance the management process and public service efficiency and drive Thailand toward a paperless society. However, government agencies can request support for using the e-Office system under the GDCC service, which also will provide Certification Authority for authorized signatories on external documents at no cost.
Analysts from Bualuang Securities (BLS) stated that the e-Document initiative will benefit the stocks of Ditto (Thailand) Public Company Limited (SET: DITTO), Netbay Public Company Limited (mai: NETBAY), and Samart Corporation Public Company Limited (SET: SAMART), as these companies are already involved in converting government and record documents into digital formats. Moreover, the MDES’s plan to increase the number of e-Office users to 1,000,000 this year will likely provide a rise in work volume, significantly boosting the revenue of these three companies, with most of these projects being long-term.
BLS speculated that DITTO’s net profit in 4Q24 would reach THB90 million, a 40% increase from the same period last year, with a target price of 23 THB. As for NETBAY, its net profit in 4Q24 is estimated to reach THB55 million, a 30% increase from the same period last year, with a target price of 15.50 THB.
