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 mobile and fixed broadband operator, providing mobile voice and data, high-speed home internet, and digital services to consumer and enterprise customers nationwide under the AIS brand.
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 provides engineering, system integration, and turnkey services for telecommunications and network infrastructure projects in Thailand, covering design, installation, and maintenance for telecom operators and public sector 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.
Thai Airways International Public Company Limited is Thailand’s national flag carrier, operating a full-service network airline with domestic and international passenger, cargo, and related aviation services.
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.
Internet Thailand Public Company Limited operates data center, cloud computing, managed ICT, and internet services for enterprises and government agencies in Thailand, offering infrastructure-as-a-service, platform solutions, and connectivity under the INET brand.
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 Thai telecommunications and digital services group providing mobile, broadband, pay TV, and convergent bundled services nationwide, along with enterprise solutions and related digital platforms.
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