Krungsri Securities Public Company Limited maintains a Buy rating on ADVANC with a target price of 430 baht, expecting third-quarter 2026 net profit of 13.4 billion baht, up 11.5% from a year earlier but down 2.1% from the previous quarter. Core profit is expected at 13.4 billion baht, up 12.0% year on year and down 1.4% quarter on quarter. The pressure on profit compared with the previous quarter comes from higher network costs and a larger share of losses recognised from Virtual Banking. Core revenue excluding Interconnect is expected to rise 4.8% year on year and 0.5% quarter on quarter to 45.6 billion baht, supported by the mobile and Fixed Broadband businesses, with mobile revenue forecast at 34,437 million baht and FBB revenue at 8,654 million baht. Krungsri maintains its 2026 profit forecast at 53.3 billion baht, up 15.9% year on year, and expects a dividend yield of 4.9%. ADVANC closed at 349 baht against the 430 baht target price, implying upside of 23%.
Advanced Info Service Public Company LimitedKrungsri maintains Buy rating and 430 baht target on ADVANC, expecting 3Q26F net profit to grow 11.5% year on year.
Bank of Ayudhya PCL