Narrative Update • Jun 24
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Thai (SET) Telecom Sector Analysis
UpdatedJul 04, 2026
DataAggregated Company Financials
Companies43
- 7D5.4%
- 3M-1.4%
- 1Y24.5%
- YTD14.0%
Over the last 7 days, the Telecom industry has risen 5.4%, driven by gains from Advanced Info Service of 6.5%. In the last 12 months, the industry was up 24%. Earnings are forecast to grow by 11% annually.
Sector Valuation and Performance
Has the Thai Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Jul 2026 | ฿1.7t | ฿502.3b | ฿62.7b | 19.3x | 27.5x | 3.4x |
| Tue, 02 Jun 2026 | ฿1.7t | ฿503.3b | ฿62.8b | 17.2x | 26.8x | 3.3x |
| Thu, 30 Apr 2026 | ฿1.7t | ฿506.1b | ฿56.6b | 15.6x | 29.4x | 3.3x |
| Sat, 28 Mar 2026 | ฿1.7t | ฿505.2b | ฿56.8b | 15.5x | 30.4x | 3.4x |
| Mon, 23 Feb 2026 | ฿1.8t | ฿511.9b | ฿47.5b | 19.1x | 38x | 3.5x |
| Wed, 21 Jan 2026 | ฿1.6t | ฿508.5b | ฿42.6b | 16.7x | 37.7x | 3.2x |
| Fri, 19 Dec 2025 | ฿1.5t | ฿508.5b | ฿42.6b | 15.3x | 34.4x | 2.9x |
| Sun, 16 Nov 2025 | ฿1.5t | ฿507.8b | ฿42.3b | 16.6x | 34.6x | 2.9x |
| Tue, 14 Oct 2025 | ฿1.4t | ฿509.1b | ฿34.9b | 17.8x | 41x | 2.8x |
| Thu, 11 Sep 2025 | ฿1.4t | ฿509.3b | ฿34.9b | 19.4x | 41.4x | 2.8x |
| Sat, 09 Aug 2025 | ฿1.5t | ฿509.9b | ฿35.8b | 20.9x | 40.6x | 2.9x |
| Mon, 07 Jul 2025 | ฿1.4t | ฿507.1b | ฿29.9b | 19.5x | 46.3x | 2.7x |
| Wed, 04 Jun 2025 | ฿1.5t | ฿507.9b | ฿29.8b | 20.6x | 49.7x | 2.9x |
| Fri, 02 May 2025 | ฿1.5t | ฿505.6b | ฿25.1b | 21.7x | 59.4x | 3x |
| Sun, 30 Mar 2025 | ฿1.7t | ฿505.4b | ฿38.5b | 21.9x | 44x | 3.4x |
| Tue, 25 Feb 2025 | ฿1.8t | ฿533.3b | ฿63.3b | 22.4x | 28.1x | 3.3x |
| Thu, 23 Jan 2025 | ฿1.9t | ฿561.1b | ฿51.4b | 22.4x | 36.2x | 3.3x |
| Sat, 21 Dec 2024 | ฿1.7t | ฿561.1b | ฿51.4b | 22.6x | 33.8x | 3.1x |
| Mon, 18 Nov 2024 | ฿1.8t | ฿563.9b | ฿49.9b | 18.7x | 36.6x | 3.2x |
| Wed, 16 Oct 2024 | ฿1.8t | ฿556.3b | ฿49.1b | 19.9x | 37.2x | 3.3x |
| Fri, 13 Sep 2024 | ฿1.7t | ฿556.0b | ฿49.1b | 20x | 34.2x | 3x |
| Sun, 11 Aug 2024 | ฿1.6t | ฿555.5b | ฿48.8b | 17.8x | 32.5x | 2.9x |
| Tue, 09 Jul 2024 | ฿1.4t | ฿546.6b | ฿46.9b | 19.7x | 30.2x | 2.6x |
| Thu, 06 Jun 2024 | ฿1.3t | ฿544.7b | ฿47.1b | 21.1x | 28.5x | 2.5x |
| Sat, 04 May 2024 | ฿1.3t | ฿508.7b | ฿47.0b | 22.2x | 28.5x | 2.6x |
| Mon, 01 Apr 2024 | ฿1.3t | ฿502.0b | ฿47.9b | 21.7x | 27.3x | 2.6x |
| Wed, 28 Feb 2024 | ฿1.3t | ฿501.9b | ฿48.2b | 21.7x | 26.7x | 2.6x |
| Fri, 26 Jan 2024 | ฿1.6t | ฿641.8b | ฿16.6b | 22.7x | 95.7x | 2.5x |
| Sun, 24 Dec 2023 | ฿1.6t | ฿641.8b | ฿16.6b | 23.2x | 94.3x | 2.4x |
| Tue, 21 Nov 2023 | ฿1.6t | ฿641.8b | ฿16.7b | 21.8x | 94.9x | 2.5x |
| Thu, 19 Oct 2023 | ฿1.6t | ฿618.7b | ฿7.0b | 29.9x | 235.7x | 2.7x |
| Sat, 16 Sep 2023 | ฿1.7t | ฿618.8b | ฿7.0b | 34.4x | 241.1x | 2.7x |
| Mon, 14 Aug 2023 | ฿1.7t | ฿618.3b | ฿8.4b | 26.3x | 198.6x | 2.7x |
| Wed, 12 Jul 2023 | ฿1.6t | ฿603.2b | ฿8.9b | 29.1x | 183.3x | 2.7x |
Price to Earnings Ratio
183.3x
Current Industry PE
- Investors are pessimistic on the Thai Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 27.5x which is lower than its 3-year average PE of 62.6x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 92% per year over the last three years.
- Meanwhile revenues for these companies have declined 5.9% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Thai Telecom sector?
| TH Market | 4.46% | |
| Telecom | 5.40% | |
| Wireless Telecom | 6.53% | |
| Telecom Services and Carriers | 3.62% | |
| Media | 2.22% | |
| Entertainment | 1.87% | |
| Interactive Media and Services | 0% | 0 |
Industry PE
- Investors are most optimistic about the Telecom Services and Carriers industry even though it's trading below its 3-year average PE ratio of 91.6x.
- Analysts are expecting annual earnings growth of 21.3%, which is higher than its past year's earnings decline of 47.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Media industry, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Entertainment industry is expected to see its earnings grow by 3.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADVANC Advanced Info Service | ฿375.00 | 6.5% +฿68.4b | 34.4% | PE22x | |
| TRUE True Corporation | ฿13.20 | 3.9% +฿17.3b | 22.2% | PE32.1x | |
| PLANB Plan B Media | ฿4.84 | 4.8% +฿1.0b | -5.1% | PE19.9x | |
| THCOM Thaicom | ฿11.40 | 7.5% +฿876.9m | 55.1% | PE24.6x | |
| ONEE ONE Enterprise | ฿3.10 | 6.2% +฿428.6m | 49.0% | PE14x |
