On Wednesday, the share price of Advanced Info Service Public Company Limited (SET: ADVANC) at the time of 2.18 p.m. was at THB 313.00, a THB 10.00 or 3.30% increase with a total trading value of THB 2,456.94 million.
Meanwhile, the share price of True Corporation Public Company Limited (SET: TRUE) at the same time was at THB 11.50, a THB 0.30 or 2.68% increase with a total trading value of THB 1,795.70 million.
Today’s rally in major telecommunication stocks came after both ADVANC and TRUE posted better-than-expected Q3 results, bolstering analysts’ bullish outlook for the sector.
Yuanta Securities (Thailand) noted that ADVANC reported 3Q25 net profit of THB 12,000 million, up 37% YoY and 10% QoQ. Excluding FX-related items, normalized profit was THB 11,990 million, about 5% above analyst estimates and higher than the market’s THB 11,300 million forecast, marking an all-time high.
For 4Q25, the company expects continued performance growth amid soft market competition and improving consumer purchasing power due to government stimulus, plus the benefit from a full quarter of reduced spectrum costs for the first time.
Yuanta expects a positive market response to ADVANC’s results, forecasting an upward revision of net profit estimates for the year—previously around THB 42,000 million—but this is seen as conservative.
The brokerage firm maintains its “BUY” recommendation with a target price of THB 334. ADVANC’s strength is anticipated to boost speculation in TRUE shares.
