Finansia Syrus Securities (FSS) has given a “buy” recommendation on Advanced Info Service Pcl (SET: DVANC), with the IAA consensus average target price set at THB 335.72 per share.
The brokerage estimates ADVANC’s normalized profit for the third quarter of 2025 at THB 11.3 billion, representing a 3% increase quarter-on-quarter and a robust 29% jump year-on-year. Growth is expected to be buoyed by ongoing revenue expansion in both the mobile and fixed broadband segments. The positive outlook is underpinned by continued success in cross-selling and up-selling content, as well as a rise in net additions. Moreover, ADVANC is set to begin realizing cost savings related to the 2100 MHz spectrum auction starting in August 2025.
Finansia Syrus anticipates ADVANC’s earnings trend to remain on an upward trajectory next year, supported by a favorable competitive landscape and profit-friendly market conditions. According to consensus estimates, ADVANC’s net profit is projected to reach THB 42.8 billion in 2025—a 22% increase from the previous year—and further rise to THB 46 billion in 2026, up 8% year-on-year.
Technical support levels are noted at THB 295 and THB 290, with resistance expected at THB 305 and THB 309.
