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...
279 Views
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.
243 Views
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...
193 Views
ADVANC: 2Q20 Performance Hindered by a Drop in ARPU
ADVANC reported 2Q20 net profit of Bt7bn(-10%YoY, +4%QoQ). The 1H20 result was in-line and 48% of our full year forecast. We maintain BUY rating...
271 Views