Advanced Info: 2Q26 results preview

研报英文原文证据摘录

Advanced Info: 2Q26 results preview

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Advanced Info

2Q26 results preview

Maintain Rating: BUY | PO: 412.00 THB | Price: 353.00 THB

2Q26 result is expected to be decent and in line 26 June 2026

We expect 2Q26 pre-exceptional profit to be Bt13,450mn, growing 23% YoY but flattish Equity

QoQ. 1H26 result is expected to make up 49% of our full-year forecast and 51% of

Bloomberg consensus. Continued revenue growth momentum and spectrum cost- Thitithep Nophaket ^^^ Research Analyst

saving/tight cost-controls are earnings drivers. With expected continued earnings growth Kiatnakin Phatra Securities

momentum and decent dividend yield, we maintain our Buy rating. +66thitithep.noph@kkpfg.com2 305 9198

Revenue growth expected to decelerate but still decent SuppapongResearch AnalystIemkongaek, CFA, CMT ^^^

We expect total service revenue ex IC to grow 6.4% YoY in 2026, decelerating slightly Kiatnakin+66 2 305Phatra9925 Securities

from 7.0% YoY growth in 1Q26. Management cautioned on the potential implication of suppapong.iemk@kkpfg.com

the US-Iran war on domestic consumption during a conference call post 1Q26 results.

We, however, expect the government stimulus starting in June to help support

consumption. This is while competition in the mobile phone market remains largely Stock Data

rational. We expect 2Q26 mobile service revenue to grow 6.5% YoY, decelerating from

7.5% growth in 1Q26. Fixed broadband revenue growth is expected to grow 8% YoY, Price 353.00 THB

decelerating from 9% growth in 1Q26. Price Objective 412.00 THB

Date Established 4-Feb-2026

Investment Opinion A-1-8We expect tight cost control

We expect ADVANC to tightly control costs amid concerns about the implication of the 52-Week Range 256.08 THB-390.31

war.