0551 GMT - Advanced Info Service's share price, which has surged sharply over the past two years, already reflects its solid operations and outlook, Thanachart Securities' Nuttapop Prasitsuksant says. The share price's premium multiple also factors in a healthier telecom industry and the mobile phone operator's better fundamentals, the analyst says. Moreover, the Thai company's EPS growth could slow to 12% per annum in 2025-2027 from 25% in 2024 owing to factors including fewer benefits from easing competition. The brokerage downgrades the stock to hold from buy. However, Thanachart Securities raises the target price to THB310.00 from THB300.00 following the company's stronger-than-expected 4Q results. Shares are 2.5% lower at THB278.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 00:51 ET (05:51 GMT)
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