GULF and INTUCH Amalgamation: A Potential Game Changer for Thailand
The merger between Gulf Energy Development and Intouch Holdings is expected to enhance Thailand's prosperity. The new company, NewCo, will have significant capital and plans to acquire shares in Thai giants AIS and Thaicom. Analysts believe it will drive growth in AI, electric vehicles, and data centers, positioning NewCo for global success.
The merger between Gulf Energy Development (GULF) and Intouch Holdings (INTUCH) is poised to boost Thailand's prosperity, according to an analyst mentioned in a July Longtunman podcast.
The new entity, NewCo, will have a registered capital of 14.93 billion baht and will acquire shares in Advanced Info Service (AIS) and Thaicom, amounting to 240.3 billion baht by next year.
Beyond Securities' deputy CEO Suwat Sinsadok believes NewCo will thrive in the global market, furthering growth in AI, EVs, and data centers.
He noted that NewCo could become a large conglomerate similar to global firms like Samsung and TSMC.
Suwat suggests that GULF and NewCo's advancements in AI and microfinance will make them key players in the industry.
He advised investors to profit from INTUCH shares while remaining optimistic about GULF, AIS, and Thaicom's growth prospects, highlighting the long-term potential driven by GULF CEO Sarath Ratanavadi.
The new entity, NewCo, will have a registered capital of 14.93 billion baht and will acquire shares in Advanced Info Service (AIS) and Thaicom, amounting to 240.3 billion baht by next year.
Beyond Securities' deputy CEO Suwat Sinsadok believes NewCo will thrive in the global market, furthering growth in AI, EVs, and data centers.
He noted that NewCo could become a large conglomerate similar to global firms like Samsung and TSMC.
Suwat suggests that GULF and NewCo's advancements in AI and microfinance will make them key players in the industry.
He advised investors to profit from INTUCH shares while remaining optimistic about GULF, AIS, and Thaicom's growth prospects, highlighting the long-term potential driven by GULF CEO Sarath Ratanavadi.
