Kasikorn Securities keeps buy rating for ADVANC stock

Published on 10/13/2026 at 05:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kasikorn Securities cites a buy rating and THB 385.34 target. ADVANC stock delivered THB 13.7 billion net profit in the second quarter of 2026.

Key points in brief

Kasikorn Securities maintained a buy rating and THB 385.34 target for Advanced Info Service on October 4, 2026.
Advanced Info Service reported THB 13.7 billion net profit in the second quarter of 2026, up 25.00 percent year over year.
The company maintained 2026 guidance for 3.00-5.00 percent core service revenue growth and 2.00-4.00 percent EBITDA growth.
ADVANC market capitalization was THB 987.4 billion, with a 52-week range of THB 294.00 to THB 410.00 as of October 12, 2026.

ADVANC, TH0268010R11, Illustration mit AI erstellt.

ADVANC (ISIN TH0268010R11) was assigned a THB 385.34 year-end 2026 target while Kasikorn Securities kept its buy rating in an analysis dated October 4, 2026. The note estimates third-quarter normalized profit at THB 13.4 billion, up 12.80 percent year over year.

Three milestones shape the outlook

On September 15, 2026, Quartr summarized second-quarter results showing THB 56.5 billion revenue, up 0.80 percent year over year, and THB 13.7 billion net profit, up 25.00 percent. On October 1, 2026, DBS published a THB 420 target and cited a 5.00 percent dividend yield. On October 4, 2026, Kasikorn Securities set its THB 385.34 target and retained its buy rating.

What does the target imply?

Kasikorn Securities expects third-quarter core service revenue of THB 45.7 billion, up 4.90 percent year over year, with mobile service revenue rising 5.50 percent to THB 34.6 billion. Its estimate puts EBITDA at THB 32.7 billion, up 4.20 percent year over year, while the EBITDA margin reaches 57.80 percent.

The companys latest investor-relations material maintains 2026 guidance for core service revenue growth of 3.00-5.00 percent, EBITDA growth of 2.00-4.00 percent and capital expenditure of THB 30.0-35.0 billion. The same material lists 47.1 million mobile subscribers and 5.3 million fixed-broadband subscribers, giving the forecast a broad operating base.

Upcoming dates carry the next test

Line Today reported that third-quarter results are scheduled for November 3, 2026. The investor-relations calendar lists an Opportunity Day for November 6, 2026, giving the market two dated checkpoints for the companys service-revenue and margin performance.

ADVANC had a market capitalization of THB 987.4 billion and a 52-week range of THB 294.00 to THB 410.00 as of October 12, 2026. The current analyst targets of THB 385.34 and THB 420.00 frame the debate around earnings delivery, dividend income and the pace of broadband growth.

Stock range keeps valuation in view

ADVANC stock was last quoted at THB 332.00 on the SET on October 12, 2026, versus a previous close of THB 334.00. The reference range places the quote THB 78.00 below the yearly high, while the latest second-quarter figures show net profit growth outpacing revenue growth.

The further course of trading is shown by the continuously updated real-time quote of ADVANC stock.