Equity Analysis /
Thailand

Advanced Info Service PCL: ARPU gains from TRUE-DTAC amalgamation; target price upgrade

  • Indirect windfall from the TRUE-DTAC amalgamation

  • Mobile ARPU assumption upgrade from 2023 onward

  • Still the mobile operator with the largest bandwidth in hand

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
7 December 2021