Stocks in the news (advanc, icn, inet, thai, true) 05.02.26
ADVANC: Share price strength at ATH levels may be tested by clarity around dividend roadmap and CAPEX financing. Multiple rating downgrades were seen late yesterday and into this morning.
Comment: What’s the confusion? GULF wants ADVANC to continue leveraging up to pay out great cash divvy’s. Telenor did it with DTAC – there’s nothing complicated here…
Advanced Info Service Public Company Limited is Thailand’s leading telecommunications operator, providing mobile services, fixed broadband, and a range of digital services to consumer and enterprise customers nationwide.
ICN: Earnings visibility remains upbeat, supported by a THB 2.6bn backlog pending recognition. A THB 1bn IT equipment leasing contract for a government agency is set to start contributing from 2Q, alongside plans to bid for EPC network solutions for data centers amid ongoing infrastructure expansion.
Comment: Too small to matter…but if it garner some more sales…and maintain its yummy divvy…then hey..not a bad #’s play.
Information and Communication Networks Public Company Limited is a telecommunication system integrator in Thailand, providing construction, expansion, and improvement services for telecom networks, along with related equipment distribution and maintenance for government and enterprise clients.
INET: Expects continued positive earnings momentum, driven by demand from government agencies migrating to sovereign cloud solutions. Management anticipates securing additional government projects this year.
Comment: If this was a private company, it would be 4x larger today. Was a good first mover and never really capitalised on any of the additional growth.
Internet Thailand Public Company Limited is a leading Thai ICT infrastructure and cloud services provider, offering internet data centers, cloud computing, cybersecurity, and managed network solutions that support enterprises and public-sector clients in their digital transformation.
THAI (-14.29%): Volatility likely to persist following the expiration of the share lock-up period for ~6.6bn shares yesterday, a key factor pressuring the share price. KTB (+1.77%) and BBL (flat) are among the top holders post-rehabilitation.
EGAT Saving and Credit Cooperative reiterated it will refrain from selling shares even after its lock-up expires on 4 Feb, citing confidence in THAI’s fundamentals and its post-silent-period strategy. EGAT Saving and Credit Coop is currently the 3rd-largest shareholder, holding a 5.43% stake (1.54bn shares, including convertible debt).
Comment: We just want to see the SET50 pump come….and the silent period is over…but my mini-bull thesis on oil is working..but let’s see…perhaps in a month or two the narrative re SET50 for Thai comes back.
Thai Airways International Public Company Limited is Thailand’s flag carrier airline, operating domestic and international passenger and cargo services, with a hub at Bangkok and a network across Asia, Europe, and other global destinations.
TRUE: Street expects dividend payout to come in above the minimum 50% of net profit policy, supported by the absence of price wars, lower CAPEX requirements vs last year, and funding needs at top shareholder Arise Digital Technology, which requires cash following the TRUE acquisition.
Comment: Arise is a full on leveraged buy-out of Telenor’s stake – that’s it.
True Corporation Public Company Limited is a major integrated telecommunications and digital services provider in Thailand, offering mobile, broadband, pay TV, and convergent solutions to consumers and enterprises following the merger of True and dtac.
If this has helped you, please consider donating and buy me a Somtum Waffle 🙏🧇