INTUCH, ADVANC, and THCOM Rise as Investors Anticipate Positive 2Q24 Earnings

On Tuesday at 10:13 AM (Bangkok time), the share price of Intouch Holdings Public Company Limited (SET: INTUCH) rose by 1.04% or THB 0.75 to THB 73.00, with a trading value of THB 261.79 million.

Advanced Info Service Public Company Limited (SET: ADVANC) increased by 2.35% or THB 5.00 to THB 218.00, with a trading value of THB 634.10 million.

Thaicom Public Company Limited (SET: THCOM) climbed by 0.91% or THB 0.10 to THB 11.10, with a trading value of THB 3.02 million.

Kasikorn Securities (KS) noted that the stock prices of INTUCH, ADVANC, and THCOM experienced upward movements as investors engaged in speculation surrounding the companies’ upcoming 2Q24 earnings. There is anticipation in the market for these firms to demonstrate consistent revenue growth and cost reductions in their financial reports.

In addition to performance expectations, investors are also focusing on the potential mid-year dividend payments from these companies. Speculation suggests that INTUCH is likely to issue a dividend payment of THB 2.01 per share, equivalent to a 2.6% dividend yield, while ADVANC is expected to pay out THB 4.8 per share, representing a 2.3% dividend yield.