Yuanta rates ADVANC a Buy, raises target to 403 baht, expects Q3 profit to reach 13.2 billion

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The analyst at Yuanta Securities (Thailand) recommends "Buy" on ADVANC shares and has raised the target price to 403.00 baht from 390 baht, expecting normal profit in the third quarter of 2026 to come in at 13.2 billion baht, down 3% from the previous quarter but up 10% from the same period a year earlier, driven by strong core business revenue from both Mobile and Broadband, while cost reductions help offset higher depreciation and network costs from investment in network expansion. It also expects normal profit of 54.2 billion baht for 2026, up 17.7% from the previous year, and 57.7 billion baht for 2027, up 6.5% from the previous year. Nine-month profit for 2026 is expected at 40.3 billion baht, or 74% of the full-year 2026 estimate. As for CLICX, it lost 428 million baht in the third quarter of 2026 through August, and September is expected to remain in loss as it has only just started lending and must set high ECL in the early period. Despite the loss, with ADVANC's 39% shareholding, the impact on group profit remains limited compared with ADVANC's profit of more than 10 billion baht per quarter.

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Cloud & Digital Infrastructure▲ · 1 stocks

Off-coverage companies 1

CLICX (Clicx Bank)Private▼ Negative
Capitalrelevance

CLICX lost 428 million baht in Q3 2026 through August and September is expected to remain in loss due to high early-stage ECL.

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