In today’s briefing:
- INTUCH: ADVANC’s Healthy Outlook Makes INTUCH Attractive
INTUCH: ADVANC’s Healthy Outlook Makes INTUCH Attractive
- We initiate coverage of INTUCH with a BUY rating, based on our TP of Bt82 derived from 18.9% discount from SOTP valuation, implying 22.3xPE’22E.Despite ADVANC’s strong earnings growth in 2022-24
- Benefit from ADVANC’s top-of-industry performance. ADVANC to gain from better 5G infrastructure and ARPU reversal.
- ADVANC’s enterprise business will grow rapidly between 2022-24. THCOM has negligible impact on overall performance.
Before it’s here, it’s on Smartkarma
