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Thailand

TH : Total Access Communication - Can merged co generate profit in FY23F?

    CGS-CIMB
    25 March 2022
    Published by

    We expect 1Q22F core net profit to rise 28% qoq thanks to lower expenses. We believe that the merger is on track to be completed in 3Q22F or 4Q22F. Reiterate Add with a TP of THB58.30. DTAC remains our sector top pick due to the 20.8% potential upside to our target price.