0733 GMT - Advanced Info Service is likely to report strong 4Q 2024 core profit on solid revenue growth, Maybank Securities (Thailand)'s Wasu Mattanapotchanart says in a research report. The mobile operator's 4Q mobile revenue is forecast to rise 1% on quarter, thanks to a low base in 3Q and rising tourist arrivals in Thailand, the analyst says. The Thai company's 4Q fixed broadband revenue is projected to grow 2% on quarter, owing to subscriber additions and higher average revenue per user, the analyst adds. The brokerage lifts its 2024-2026 core profit forecasts for Advanced Info Service by 2%. It raises the stock's target price to THB300.00 from THB296.00 with an unchanged hold rating. Shares are 0.7% lower at THB283.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 03, 2025 02:33 ET (07:33 GMT)
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