0538 GMT - Advanced Info Service's earnings outlook may be strong, Maybank Securities (Thailand)'s Wasu Mattanapotchanart says in a research report. The Thai mobile phone operator's 2025 revenue should grow 4%, supported by 2%, 8%, and 15% increases in mobile, fixed broadband, and enterprise revenues, respectively, the analyst estimates. Its core profit growth should outperform Ebitda growth this year, thanks to flat depreciation and amortization expenses and a 9% decline in interest expenses, the analyst says. The brokerage raises its 2025 and 2026 core profit forecasts for the company by 2% and 1%, respectively. It upgrades the stock's rating to buy from hold and raises the target price to THB307.00 from THB301.00. Shares are 1.8% higher at THB285.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 00:38 ET (05:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.