Advanced Info Service Shares Seen Attractive After Sell-Off
Dow Jones
Sep 07
0744 GMT - Advanced Info Service's recent share sell-off and dividend yield create an attractive entry point for investors, says Maybank Securities (Thailand)'s Wasu Mattanapotchanart in a note. Shares of the Thai mobile network service provider have declined around 8% since its 2Q results, underperforming the benchmark SET Index's roughly 2% drop, the analyst notes. Its above-average 2027 dividend yield of 5.6% and estimated 2026 and 2027 core profit growth of 18% and 7%, respectively, turn the analyst bullish on the stock. Maybank Securities (Thailand) upgrades its rating to buy from hold and raises its target price to 387.00 baht from 369.00 baht. Shares are up 2.9% at 356.00 baht.
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