Stock Dimensions – INTUCH Brokers are cheering loudly as Q4 earnings grow and ADVANC’s target dividend increases, and classify it as a stock with a 5.6% dividend yield.
Bualuang Securities’ INTUCH reported 4Q2023 net profit of 3.13 billion baht, up 15% year-on-year and +1% q-o-q, supported by higher core services income. Lower cost of sales and investment profits in JASIF and TTTBB, net profit in 2023 is 11,638 million baht, 2024 target 102 million baht.
“Q4 earnings are expected to grow significantly. Strong dividend yield of 5.6%.”
Yuanta Securities (Thailand) said it expects INTUCH’s 4Q/2023 regular operating results to grow quarter-on-quarter.
On an annual basis with the expected normalized profit for INTUCH in 2024 at 13.2 billion baht (+13.6% y-o-y), thus assessing the appropriate price in 2024 at 86.50 baht per share, the dividend yield in 2024 for INTUCH is expected to reach 5.6 % annually. Still lagging behind
“Broker increases ADVANC profit share by 9-10%”
Meanwhile, Asia Plus Securities said it had raised its 2023-24 net profit forecast for INTUCH based on the improvement.
ADVANC’s earnings have previously increased. The profit share of ADVANC in 2023-2024 is expected to be 9% and 10% higher than before, respectively. As a result, INTUCH’s profits rose by approximately 9-10% to 12.2 billion baht, an increase of 16% over last year.
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