AIS Growth Has Been Slowing as DTAC Returns to the Scene. 2019 Outlook Uncertain.
We met AIS (ADVANC TB) earlier this week at their Analyst Day in Bangkok. The recent results confirm our concerns over market growth slowing, with...
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DTAC 3Q Result: No Recovery Yet. Spectrum Issue Now Solved, but Leverage Is Rising.
The (now) smallest of the three Thai operators, DTAC (DTAC TB) reported 3Q18 results this week. Things have been tough for DTAC recently with much...
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AIS Growth Continues to Improve on Rising Video Demand, but Risk from Spectrum Auction Is High
We remain cautious on the Thai telecom market given the uncertainties surrounding the coming spectrum auction and the very high prices expected to...
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Thai Telcos: TRUE Continues to Gain Share.
The Thai market continues to show decent growth driven, we believe, by the rise of mobile video demand (we wrote about this in EM Telcos: Video...
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DTAC Continues to Lose Ground to TRUE as Thai Telcos Head into 2018 and Another Spectrum Auction
As we move into 2018, we look at the most recent Thai results (3Q17) and discuss the outlook for 2018. 2018 is likely to be dominated by the next...
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