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Advanced Info Service PCL [SET:ADVANC], the leading mobile operator in Thailand with about 41 million subscribers and 52% of market share by revenue, is scheduled to announce its third-quarter 2015 earnings report on Thursday, November 5. The consensus estimates of analysts compiled by the Financial Times are diluted earnings per share (EPS) of 7.97 baht for the second-half 2015, on total revenues of 79.76 billion baht. On August 3, the company reported first-half 2015 total revenues of 78.71 billion baht and EPS of 0.066 baht, missing the consensus estimates of 79.65 billion baht and EPS of 7.24 baht.
The National Broadcasting and Telecommunications Commission (NBTC) said it plans to hold auctions for two 4G LTE licenses of 15MHz bandwidth each on 1800MHz frequency on November 12. The result should move shares of ADVANC and its competitor, Total Access Communication [SET:DTAC], one way or the other. Advanced Info Service currently operates mobile service on 2G and 3G technologies.
The stock is trading in symmetrical triangle chart patterns below the 200-day SMA. There is a downside risk as the stock is about 10 baht away from the bottom trendline support of the symmetrical triangle. The 24 Analysts polled by the Financial Times are forecasting a median 12-month target of 270.07 baht per share and annual dividends of 13.20 baht per share, or about 5.74%, based upon the closing price of 230 baht per share.
Disclosure: Long position in ADVANC. |
