Shares in the fixed-line broadband provider, Jasmine International surged 4.9 percent to 3 baht, the highest since August 2011, outperforming a 0.57 percent rise on the main index.
Trinity Securities rated the share a buy with target price at 3.72 baht, on expectations that the company's profit and revenue would continue to gain from its growing subscriber base and the government's information technology policies, which include free tablet computers for 900,000 school students.
"The push for free tablets and trend in installing fixed-line broadband internet are expected to pick up in Bangkok and other provinces...Jasmine International is considered to be less affected by external pressures from offshore markets," the broker said in a research note.
It also forecast the company's first quarter net profit to increase by 86 percent from the previous year to 400 million baht ($12.91 million), on hopes that the company would gain from the government's push for higher internet penetration rate in the country.
1431 (0731 GMT)
(Reporting by Sinsiri Tiwutanond; email@example.com)