บทวิเคราะห์ (Research)

(EN) ADVANC : Data center to drive earnings over longer term We reiterate a BUY rating and Bt305 TP for ADVANC. The two deals involving GSA (a JV) would not hurt cash flow because proceeds from the land sale would more than offset the cash injection. However, the data center project will only benefit ADVANC over the longer-term. Hence, we maintain 20% earnings growth for FY24F and 6.5% for FY25F. ADVANC is a dividend play – expect 1.9% dividend yield for half-month holding period.