AIS: Positive Signals After the Noise
We are positive on AIS, Thailand's largest mobile operator, post 4G license bidding. While undeniably expensive, the licenses secure the company's...
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Singtel's Mostly Positive Investor Day
Singapore Telecommunications Limited (Singtel) held an investor day this week to detail their key areas of progress. It was mostly reasonably...
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Thai Telcos: TRUE's Gains Are AIS/DTACs' Loss
We are bearish on the leading two mobile operators in Thailand. Revenues, earnings and dividends are likely to continue to fall as rising...
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Thai Telcos: Increasing Competitive Pressures Hit AIS Results. More to Come.
Advanced Info Service Pcl (AIS) recently reported 1Q16 numbers. They were weak, with margins falling further than we had expected. This led to a...
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Market Pricing in that Advanced Info Gets No Benefit from New Spectrum
Since we last wrote about the Thai telcos on April 5th (What’s the Market Pricing In: Thai Telcos, Advanced Info and DTAC ), Advanced Info Service...
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