Key Indices
Top Stories
Strategy | Alpha Picks: Focusing On 2H26 Earnings
- Our portfolio's returns underperformed the market in Sep 26 (Our portfolio: -3.6% vs SET Index: -2.3%). For Oct 26, the Thai equity market may face near-term challenges from high US Treasury yields, lower crude oil prices, and flooding risks. However, the medium- to long-term outlook remains positive, supported by positive EPS momentum, low financing costs, and negative real yields, which should attract capital into equities.
Company Update | Advance Info Services (ADVANC TB/BUY/Bt345.00/Target: Bt415.00)
- We expect ADVANC to report a net profit of Bt13.34b (+11% yoy, -3% qoq). Operations remain stable, but costs are forecast to rise due to IT investment, consistent with our previous outlook. Maintain BUY with a target price of Bt415.00. Any share price decline would offer a higher dividend yield and an attractive entry point, as we expect limited earnings downside.
Top Stories
Strategy | Alpha Picks: Focusing On 2H26 Earnings
- Our portfolio's returns underperformed the market in Sep 26 (Our portfolio: -3.6% vs SET Index: -2.3%). For Oct 26, the Thai equity market may face near-term challenges from high US Treasury yields, lower crude oil prices, and flooding risks. However, the medium- to long-term outlook remains positive, supported by positive EPS momentum, low financing costs, and negative real yields, which should attract capital into equities.
Company Update | Advance Info Services (ADVANC TB/BUY/Bt345.00/Target: Bt415.00)
- We expect ADVANC to report a net profit of Bt13.34b (+11% yoy, -3% qoq). Operations remain stable, but costs are forecast to rise due to IT investment, consistent with our previous outlook. Maintain BUY with a target price of Bt415.00. Any share price decline would offer a higher dividend yield and an attractive entry point, as we expect limited earnings downside.
Key Indices
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This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
