Earnings Review: Advanced Info Services Plc.
ADVANC delivered in-line core profit in 2Q21, retaining EBITDA growth amidst a weak top line thanks to cost optimization.
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ADVANC: Expect 2Q21 Earnings to Drop Both YoY and QoQ
We expect ADVANC to report 2Q21 net profit at Bt6.2bn (-11%YoY, -6%QoQ) caused by increased networking and amortization costs.
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ADVANC: 1Q21 Normalized Earnings Slightly Recovered QoQ
We maintain BUY rating and target price of Bt233.0, derived from a DCF, implying 24.8xPE’21E, 7% premium to the World telecoms sector. Our rating...
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ADVANC: 4Q20 Was Still Pressured by Decreasing in ARPU
ADVANC’s 4Q20 net profit was at Bt7.2bn (+1%YoY, +10%QoQ). The company reported 2020 net profit of Bt27bn(-12%YoY), which is 4% below our estimation.
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ADVANC: 3Q20 Result Was More than Ten-Quarters Low
ADVANC reported 3Q20 net profit of Bt6.5bn (-26%YoY, -7%QoQ). The 9M20 result was slightly lower than our expectations and accounted for 71% of our...
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