As of 3:42 PM on April 16, 2025, THCOM’s stock price rose to THB 8.00, an increase of THB 0.50 or 6.67%, with a total trading value of THB 77.97 million.
The increase was boosted by the share acquisition of Thai multi-billionaire Sarath Ratanavadi in Thaicom that bolstered the outlook of the company.
The Securities and Exchange Commission (SEC) released information through Form 59 last week, reporting changes in securities and futures holdings by executives. CEO of Gulf Energy Development Public Company Limited (SET: GULF), Sarath Ratanavadi, acquired 600,000 ordinary shares of Thaicom Public Company Limited (SET: THCOM) in a personal capacity.
The average purchase price was THB 8.70 per share, representing approximately 0.050% of THCOM’s total issued and paid-up shares, amounting to a transaction value of about THB 5.22 million.
This transaction was executed via the Stock Exchange of Thailand’s automated trading system (Auto Matching), facilitated by Bualuang Securities.
The acquisition of THCOM shares by Sarath is seen as a positive factor that bolsters confidence among shareholders and investors. It reflects his belief in the company’s business potential and future growth prospects.
