Brokerage recommends buying ADVANC, expects Q3 core profit at 12.95 billion baht

Thunhoon··TH·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Analysts recommend buying shares of ADVANC, or Advanced Info Service, expecting third-quarter 2026 core profit of 12.95 billion baht, up 8% year-on-year but down 5% quarter-on-quarter, due to seasonally higher selling and administrative expenses, as well as the full-quarter recognition of losses from associate CLICX Bank, in which ADVANC holds a 39% stake. Total revenue is expected at 57.5 billion baht, up 5.7% year-on-year and up 1.7% quarter-on-quarter. Mobile business revenue is expected at 34.1 billion baht, up 3.7% year-on-year, on a subscriber base of 47.3 million and total ARPU of 240 baht, up 2.6% year-on-year. Broadband revenue is expected to rise 6.4% year-on-year to 8.7 billion baht. First-nine-month core profit is expected at 40.1 billion baht, up 19% year-on-year, representing 74% of the full-year estimate of 54.3 billion baht, which would be up 13.7% year-on-year. The brokerage sets a target price of 398 baht and expects a dividend yield of 4.9%, or about 5 to 6% based on a share price moving in a range around 342 baht.

Impact on assets 1

Cloud & Digital Infrastructure▲

Off-coverage companies 1

CLICX (Clicx Bank)i
Private▼ NegativeCapitalrelevance

ADVANC's Q3 profit is pressured by full-quarter recognition of losses from associate CLICX Bank, in which it holds a 39% stake.