ADVANC Profit Growth Continues, Attractive Dividend with High Yield of 4.8%

Analyst
โดย HoonVision·TH·Read original
Summary · why it matters

Krungsri Securities maintains a positive view on ADVANC, expecting profit momentum to continue into the second half of 2026, supported by increased revenue from mobile, broadband, and enterprise businesses. Although monthly ARPU declined to 434 baht per month per number in Q2 2026 due to pressure from enterprise and IoT segments, prepaid ARPU remains on an upward trend. Meanwhile, the new business CLICX, a virtual bank jointly invested with KTB and OR, is expected to incur losses in the first two years but will not impact net profit, which is at 227-290 million baht per quarter. ADVANC also has three data center projects with GULF and Singtel, with GSA01 already operational and GEDC01 under construction. The firm maintains its 2026 earnings per share growth forecast of 15.9%, with a Buy recommendation and a target price of 430 baht, and a dividend yield of 4.8%.

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