Thai Telcos: TRUE's Gains Are AIS/DTACs' Loss
We are bearish on the leading two mobile operators in Thailand. Revenues, earnings and dividends are likely to continue to fall as rising...
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Thai Telcos: Increasing Competitive Pressures Hit AIS Results. More to Come.
Advanced Info Service Pcl (AIS) recently reported 1Q16 numbers. They were weak, with margins falling further than we had expected. This led to a...
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Market Pricing in that Advanced Info Gets No Benefit from New Spectrum
Since we last wrote about the Thai telcos on April 5th (What’s the Market Pricing In: Thai Telcos, Advanced Info and DTAC ), Advanced Info Service...
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Jasmine's 4G Failure Does Not Mean the Good Times Are Back for AIS and DTAC
In the end Jasmine Intl Public Co Ltd (Jasmine) defaulted on its 4G auction bid, unable to find guarantees for the THB75bn it needed. The other...
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Thai Telcos Cutting Guidance as Competition Heats Up.
The Thai Telco picture remains very unclear post the 900MHZ auction. Comments suggest there could be an unwinding of the recent auction which would...
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