DBS keeps THB 420 target for Advanced Info Service stock

DBS maintained a THB 420.00 target for Advanced Info Service on October 1, 2026, while the stock traded at THB 332.00 on the SET on October 20, 2026. The target stands 26.51 percent above that SET price, based on the DBS research note. At Lang & Schwarz, the euro quotation stood at EUR 8.80 on October 20, 2026 at 6:47 p.m. CEST, after the Xetra session window.

Operating growth remains visible

Advanced Info Service reported second-quarter 2026 growth across its main operating measures. Its investor-relations page lists total revenue growth of 0.80 percent year over year, core service revenue growth of 5.80 percent, EBITDA growth of 8.80 percent and net-profit growth of 24.90 percent. The figures cover the quarter ended June 30, 2026, according to Advanced Info Service.

Stock remains below its yearly high

The SET quotation of THB 332.00 on October 20, 2026 at 4:36 p.m. ICT stood between the 52-week low of THB 297.00 and the 52-week high of THB 410.00. Its market capitalization was THB 987.4 billion at the same market snapshot, while the price-to-earnings ratio was 18.44. Global Banking and Finance identifies ADVANC as a SET-listed communication-services company.

What does the target imply?

The DBS target of THB 420.00 is 26.51 percent above the SET price of THB 332.00. A second research view from Kasikorn Securities retained a Buy rating and a THB 385.34 target on October 4, 2026, citing expected third-quarter normal profit of THB 13.4 billion, according to Kasikorn Securities. The next reported company event is the Opportunity Day scheduled for November 6, 2026, as listed by Advanced Info Service.

Euro quotation after the SET close

Advanced Info Service was trading at EUR 8.80 at Lang & Schwarz on October 20, 2026 at 6:47 p.m. CEST. The SET close was THB 332.00 on October 20, 2026, with the home-market quotation unchanged on the session.

Market context: Current market reports.