Advanced Info Service Public Company LimitedFinansia Syrus recommends buy on ADVANC with a 411 baht target, expecting core profit growth of ~9% per year and 17% in 2026.

Theer Siamphornroj, Deputy Chief Executive Officer for Finance at Advanced Info Service Public Company Limited, or ADVANC, said business trends in the fourth quarter of 2026 are expected to improve continuously as the business enters its high season, supported by positive factors from new iPhone models that will begin selling between September and October 2026, namely the iPhone 18 Pro, iPhone 18 Pro Max and iPhone Duo. The iPhone 18 Pro and iPhone 18 Pro Max will open for pre-orders from September 12, 2026, while the iPhone Duo will open for pre-orders on October 16, 2026. Meanwhile, the company continues to expand its network and develop its IT systems, with capital expenditure in 2026 at around 30 to 35 billion baht, of which about 13.7 billion baht was used in the first half of this year, and the remainder of the year will see accelerated system expansion. At the same time, the company aims to cut greenhouse gas emissions by 25% by 2030 through the use of clean energy across all parts of the organisation, especially base stations and data centres, as well as the use of AI to manage network energy. On the analyst side, Finansia Syrus Securities Public Company Limited recommends "buy" on ADVANC shares with a target price of 411 baht per share, expecting core profit to grow by an average of about 9% per year in 2026 to 2028, and in 2026 core profit is expected to grow 17% compared with the previous year. The model does not yet include Clicx Bank.
Advanced Info Service Public Company LimitedFinansia Syrus recommends buy on ADVANC with a 411 baht target, expecting core profit growth of ~9% per year and 17% in 2026.
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