Daiwa Securities (Thailand) Public Company Limited said in an analysis today that Advanced Info Service Public Company Limited, or ADVANC, will post normal profit of approximately 13.6 billion baht in the third quarter of 2026, up 13% from the same period last year, though slightly down 1% from the previous quarter. The result is driven by the mobile phone business and the fixed broadband business, or FBB, which are showing improving trends, both in terms of rising net new subscribers and higher average revenue per user, or ARPU. Daiwa Securities maintains its profit forecast for ADVANC in 2026 at 53.5 billion baht, up 12% from last year, and expects profit momentum in the fourth quarter of 2026 to receive additional support from seasonal factors during the business's high season, as well as full-quarter recognition of sales of new iPhone models. Daiwa Securities therefore maintains its Buy recommendation on ADVANC with a target price of 435 baht per share.
Advanced Info Service Public Company LimitedDaiwa maintains Buy on ADVANC with 435 baht target, forecasting Q3 profit of 13.6 billion baht, up 13% year-on-year.
