Kasikorn Securities said second-quarter 2026 results for the ICT sector were strong, with ADVANC and TRUE posting combined core profit of about 20 billion baht, up 33.9% from a year earlier and 3.3% from the previous quarter, beating the research team's estimate by 3.4%. ADVANC reported core profit of about 13 billion baht, up 24.3% year-on-year and 2.1% quarter-on-quarter, beating the estimate by 3.9%. TRUE reported core profit of about 6.4 billion baht, up 60.1% year-on-year and 6% quarter-on-quarter, beating the estimate by 2.4%. Kasikorn Securities favours TRUE over ADVANC on three main factors: a clear focus on core business, management targets that reflect strong growth momentum in the second half of 2026, and a forecast that TRUE's core profit in 2027 will grow 14.9%, compared with 10.35% for ADVANC. It also recommends watching two factors for entry timing in TRUE: the case of China Mobile selling TRUE shares through a big lot transaction, and moments when TRUE's share price weakens below the 12.50 to 13.00 baht level.
True Corporation Public Company LimitedQ2 core profit beat estimates, up 60.1% YoY, and favored over ADVANC
Advanced Info Service Public Company LimitedQ2 core profit beat estimates, up 24.3% YoY
China Mobile LimitedPotential big lot sale of TRUE shares by China Mobile mentioned as a watch item
