New Street Research - Advanced Info Systems (AIS) ... Thai Telcos Q2 24 review: Strong momentum with continued margin uplift

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New Street Research

Chris Hoare ...

David Lopes

EUR 9599.00 For Business Accounts Only

Thai Telcos Q2 24 review: Strong momentum with continued margin uplift

Thai operators delivered good margins uplift again, and TRUE upgraded guidance. After turning the corner in Q4, Thai mobile growth sustained in the 4% range on prepaid strength. With the outlook now positive , we stay bullish on the two with TRUE staying on as one of our top pick in EM Telcos.

03/09/2024 1 EN

Underlyings

Advanced Info Systems

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True Corp. Public Co. Ltd.

True Corporation Public Company Limited is a Thailand-based integrated communication solution provider. The Company and its subsidiaries categorize the business into three segments: online segment, which is the provision and installation of fixed line services including public telephones and related value-added services, data services, multimedia services, broadband services and Internet services; wireless segment, which is the provision of cellular telephone services, resale of 3G services using high-speed packet access (HSPA) technologies, network equipment rental, mobile services and sales of handsets and accessories, and pay television (Pay-TV) segment, which is the provision of pay television services both via cables and satellite platforms, rental and trading of related equipment and other related services to the pay television business, advertising sale and agency.

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TH0375010Z06 Stock Exchange of Thailand Thailand

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Chris Hoare

David Lopes

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Thai Telcos Q2 24 review: Strong momentum with continued margin uplift

Regional Morning Meeting Notes: Friday, November 22, 2024

Regional Strategy: Alpha Picks – November 2024

True Corporation (TRUE TB) - 3Q24: Results Above Our And Consensus Estimates; Expect Smaller Loss In 4Q24

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SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

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