Date: October 10, 2024
Broker: CGS International Securities Malaysia Sdn. Bhd.
Company Overview
Advanced Info Service (AIS) is a leading telecommunications provider in Thailand. It offers a wide range of services, including mobile and fixed-line telecommunications, broadband internet, and digital content services. AIS is known for its strong market presence and comprehensive network coverage across the country.
Investment Rating and Target Price
CGS International has maintained an “Add” rating on Advanced Info Service, with a higher target price of THB282. Despite expecting a slower quarter in Q3 2024, the company’s long-term growth prospects remain intact.
Earnings Outlook
AIS is likely to experience a slow third quarter in 2024. However, the company’s robust fundamentals, strong market position, and growth in the digital services sector suggest potential for long-term earnings growth. The slower quarter is seen as a temporary phase rather than a sign of long-term challenges.
Analyst Commentary
CGS analysts expect Advanced Info Service to face a soft quarter, but they reiterate confidence in the company’s long-term growth trajectory. AIS remains well-positioned to capitalize on increasing demand for digital services and the expanding telecommunications market in Thailand.
Broker’s Outlook
CGS International maintains a positive outlook on Advanced Info Service, noting that while Q3 2024 may be slow, the company’s long-term prospects remain strong. Investors are encouraged to consider AIS as a solid investment for exposure to Thailand’s growing telecommunications sector. The company’s steady performance and expansion into digital services make it a promising long-term play.
