Jas decision pushes up others' share prices

At 14.45pm, Dtac gained the most, 8.28 per cent to Bt45.75. AIS share price moved up 5.65 per cent to Bt187 while True price gained 1.25 per cent to Bt8.10.

Tisco Securities said that Jas opted out of the market would send a positive impact to the telecom industry, which suffered from sell-offs in December due to the auction prices. 

"AIS, Dtac and Intouch would reap the highest benefits as long-term competition would be less severe," it said in a research note. Target prices for the three companies are Bt200, Bt59 and Bt66, respectively.

Meanwhile, it said True would need to assure investors that its bid price for the 900MHz licence was not too high. To make the full use from the new licence, its market share must be raised significantly and that would be possible only if no more telecom licence is auctioned until 2020.  

"In our view, the price was too high," it said.

Tisco Securities also noted that Jas price would gain from this decision, but this does not take into account damage claims from the National Broadcasting and Telcommunications Commission. For now, it recommends investors to "hold" the stock.