Analogue vs Advanced Info Service: why the prices moved differently

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  Bualuang upgrades telecom sector to overweight, keeps ADVANC buy at 398 baht Bualuang raised the whole telecom sector to overweight, saying profits are entering a stronger phase from lower costs and more sensible price competition. It kept a buy on ADVANC with a 398 baht target and expects third-quarter core profit of 13 billion baht, up 8% from a year earlier.

  A fresh analyst upgrade and profit forecast directly supports the share price.

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  AIS rolls out world-first citywide 5G-ADVANCED Uplink across Bangkok AIS expanded its 5G-ADVANCED Uplink network to full coverage across Bangkok, a world first, using two frequency bands to double upload speeds. It plans to extend this to all 77 provinces and is also boosting download speeds, strengthening its network edge over rivals.

  A concrete technology lead can attract and keep customers, supporting revenue and the stock.

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  ADVANC bets on AI and data centres, investing 50 billion baht a year ADVANC's CEO said Thailand is entering an AI-driven era that could add 500 billion baht to the economy by 2027. The company will keep investing about 50 billion baht a year in networks, data centres and spectrum, and is launching an AI readiness project with the government.

  New growth plans beyond telecom show a long-term earnings driver investors can price in.

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  iPhone demand outstrips supply, but mass-market buyers hold back ADVANC says iPhone demand from wealthier customers still exceeds supply, with imports up 30-40%, supporting handset sales and higher monthly bills. But middle- and lower-income buyers are delaying new phones, and the company kept its modest 2026 revenue growth forecast of 3-5%.

  It shows both a real sales boost and a genuine soft spot in consumer demand.

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  Broker downgrade on slowing 2027-28 revenue CGS International cut ADVANC to Reduce and slashed its target to 323 baht, warning service revenue will slow in 2027-2028. That pulled the shares down over 3% and shows analysts are split on how much growth is left after a strong run.

  This is the main new negative force this period and explains the sharp price drop.

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  iPhone 18 demand beats supply, lifting sales and ARPU Demand for the iPhone 18 is outstripping supply, which lifts handset sales and the average monthly bill per user (ARPU) as customers bundle new service packages. Analysts expect 15% net profit growth in 2026 and see any shortage as just shifting revenue between months.

  This is a fresh positive demand driver that supports earnings and the share price.

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  Court dismisses 1.2bn baht NT claim, removing legal risk Thailand's Supreme Administrative Court finally dismissed a 1.223 billion baht claim against ADVANC's subsidiary DPC, so it will not have to pay. This removes a legal overhang, though two smaller related cases worth 1.98 billion baht are still pending.

  A final court win is a new, concrete positive that reduces uncertainty for investors.

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  New AiPASS package and Yuanta upgrade add support ADVANC launched a 29-baht AiPASS package first, which could add up to 870 million baht in revenue. Separately, Yuanta raised its 2026-27 profit forecasts and upgraded to Buy with a 403 baht target, calling the ~350 baht price attractive.

  These are new positive developments that help offset the downgrade and support the stock.

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  First-half profit growth ADVANC's first-half 2026 net profit rose 26.18% to 27.2 billion baht, making it a standout in telecom. Strong earnings show the business is healthy and supports a higher share price.

  Confirms the company's fundamental profit growth, a key reason investors pay more for the stock.

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  Q2 core profit up 24%, forecast maintained ADVANC's Q2 2026 core profit grew 24% year-on-year, and analysts kept the 2026 profit forecast at 55 billion baht with a BUY rating and 398 baht target. Steady growth reassures investors.

  Shows the profit trend is on track, giving analysts confidence to keep a positive view.

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  iPhone 18 launch and high season to boost Q4 ADVANC expects a strong Q4 2026 from high season and new iPhone 18 sales starting September-October. Analysts see ADVANC benefiting from selling both devices and 5G packages, with a 411 baht target.

  New iPhone models and seasonal demand are near-term catalysts for revenue and profit growth.

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  Defensive pick if Fed hikes rates TTB Wealth warns a Fed rate hike could push the SET down 5-10%, but names ADVANC as a group whose earnings growth can withstand tight money. This makes it a safer choice if markets get rocky.

  Highlights ADVANC's relative appeal in a potentially tough market, supporting demand for the stock.

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  Q2 profit up 25%, interim dividend 8.69 baht ADVANC reported Q2 2026 net profit of 13.716 billion baht, up 25% from a year earlier, and declared an interim dividend of 8.69 baht per share (XD 19 Aug). Revenue rose 5.8% on 5G and home broadband growth. Brokers set target prices of 398–400 baht. This directly lifts the shares.

  The earnings beat and dividend are the main new event driving the stock this period.

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  Huawei Cloud partnership for Thai manufacturing AIS Business signed an MoU with Huawei Cloud to provide cloud and 5G private network solutions to Thai factories, enabling AI-driven manufacturing. This expands ADVANC's enterprise business beyond telecom, supporting future revenue growth and making the stock more attractive.

  A new enterprise deal that opens a fresh growth segment for ADVANC.

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  2026 guidance: 3–5% revenue growth, 30–35bn baht capex ADVANC targets service revenue growth of 3–5% and EBITDA growth of 2–4% in 2026, with capital spending of 30–35 billion baht. The plan funds 5G, broadband and new businesses like cloud, data centre and virtual bank, supporting long-term growth but also raising near-term spending.

  Forward guidance and investment plans shape investor expectations for future earnings.

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  Brokers flag ADVANC as defensive dividend pick Amid oil-driven market turmoil, GBS and Bualuang Securities named ADVANC a resilient, high-dividend stock with strong fundamentals. Bualuang expects Q2 profit up 24% year-on-year and recommends a defensive dividend strategy. This supports demand for the shares in a shaky market.

  Analyst recommendations and defensive positioning can attract buyers even when the overall market is weak.

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  Chinese data-centre and AI investment wave Chinese firms confirmed over 70 billion baht of Thai investment in data centres, AI and optical tech. More data centres and cloud demand mean more high-speed connections sold by ADVANC, supporting revenue growth and lifting the shares.

  This is the main new force behind ADVANC's positive re-rating this period.

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  US power crunch pushes data centres to Thailand DBS says US electricity shortages may speed up data-centre investment into Thailand, where Microsoft, Google and AWS are already spending billions. That boosts demand for ADVANC's digital infrastructure and network services, a fresh positive for the stock.

  New analyst view directly linking global data-centre trends to ADVANC's demand outlook.

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  Exclusive UEFA football rights for AIS PLAY ADVANC secured exclusive rights to five European football competitions for four seasons from 2027/28, streaming on AIS PLAY. Premium sports content attracts and keeps subscribers, supporting revenue and making the stock more attractive.

  Company-specific deal that strengthens ADVANC's content offering and subscriber base.

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  World-first multi-operator eSIM for enterprises AIS Business, with Bridge Alliance and Thales, launched the world's first multi-operator eSIM for enterprises, improving cross-border IoT connectivity. This opens a new business segment as Asia-Pacific IoT connections are forecast to reach 1.3 billion by 2030.

  New technology partnership that could drive future enterprise revenue for ADVANC.

Based on 8 stories →