ADVANC and TRUE Slide as Broker Cuts Target and Rating on Slowing Revenue in 2027-2028

AnalystAnalystPrice Action
โดย InfoQuest·TH·Read original
Summary · why it matters

ADVANC shares closed at 341 baht, down 3.40%, or 12.00 baht, with trading value of 3.94516 billion baht, while TRUE shares closed at 12.50 baht, down 3.10%, or 0.40 baht, with trading value of 2.53338 billion baht. InnovestX said ADVANC's more than 3% decline today was driven more by overall market sentiment than by the 3BB hacking issue, and the company clarified that one of 3BB's corporate customers had its system hacked and that hackers tried to penetrate ADVANC's systems to steal customer data, but ADVANC was able to block the attempt in time and no data from other customers leaked. It maintained a NEUTRAL rating with a target price of 415 baht, as it expects earnings to begin slowing in the second half of 2026. CGS International downgraded its rating on Thailand's telecommunications sector from Overweight to Underweight because it expects service revenue to slow in 2027-2028, cutting its earnings-per-share forecasts for ADVANC in 2027-2028 by 4.1-8.7% and lowering its rating from Hold to Reduce with a target price cut to 323 baht per share. For TRUE, it cut its earnings-per-share forecasts for 2026-2027 by 3.6-8.6% and lowered its target price using the DCF method to 16.30 baht per share, but kept an Add rating as it sees room for attractive returns from the current price level.

Impact on stocks 2

Cloud & Digital Infrastructure▼ · 2 stocks

Off-coverage companies 2

3BB (Triple T Broadband)Private▼ Negative
Regulationrelevance

One of 3BB's corporate customers had its system hacked, with hackers attempting to penetrate ADVANC's systems to steal customer data.

InnovestX Securities Company LimitedPrivate± Mixed
Capitalrelevance

InnovestX maintained a NEUTRAL rating and 415 baht target on ADVANC and attributed the decline to market sentiment rather than the 3BB hacking issue.

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