Maybank Securities (Thailand) has expressed a positive outlook for Advanced Info Service Plc. (SET: ADVANC), citing supportive government measures and strong operational growth prospects. The latest strategic target price set by the firm for ADVANC is THB362.00.
According to Maybank Securities (Thailand), the Cabinet is currently considering the Thailand Individual Saving Account (TISA) scheme, which would incentivize investment in dividend stocks through tax deductions. This policy is expected to generate positive sentiment towards high-dividend equities, particularly those offering yields between 4-6% such as ADVANC.
Furthermore, the climate of interest rate cuts provides an additional tailwind for dividend stocks.
Operationally, ADVANC is forecasted to report strong growth, with 2026 earnings projected to rise by 12%. A key factor in this earnings momentum is the realization of THB 2.5 billion in cost savings, expected to be fully delivered by 2026. At current levels, ADVANC trades at 17.8 times of its forecast 2026 price-to-earnings, which Maybank highlights as being 0.75 standard deviations below its five-year historical average.
