Thailand’s National Broadcasting and Telecommunications Commission (NBTC) has postponed final approval of last Sunday’s highly anticipated spectrum auction, following the last-minute arrival of a key document.
A source at NBTC told Kaohoon that the essential paperwork was delivered to the board only on the morning of the scheduled review, leaving members little time to examine the details. As a result, the board decided to defer the approval to a special meeting set for Sunday, July 6, 2025.
Krungsri Securities continues to back a positive outlook for leading telecom operators, particularly TRUE Corporation (SET: TRUE) and Advanced Info Service (SET: ADVANC). According to Krungsri’s latest research, the brokerage maintains an “Overweight” rating on the sector, with TRUE as the top pick and a target price of Bt18, citing its strong earnings outlook.
Krungsri analysts expect ADVANC to have secured the 2100MHz spectrum band at a final price of Bt14.85 billion, yielding auction savings of Bt2.9 billion. Meanwhile, TRUE is anticipated to have won both the 1500MHz and 2300MHz bands for Bt26.4 billion, with savings estimated at Bt2.5 billion. The brokerage projects earnings growth for ADVANC at 16.6% year-on-year in 2025 and 9% in 2026, while TRUE is expected to deliver stellar growth of 71% this year and 35% next year.
Krungsri Securities reiterates its “Buy” recommendations on both ADVANC (target price Bt350) and TRUE (Bt18), emphasizing that any share price corrections amid short-term volatility present attractive buying opportunities, particularly for TRUE given its robust earnings growth story.
