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Thai (SET) Telecom Sector Analysis
UpdatedMar 13, 2025
DataAggregated Company Financials
Companies46
- 7D-4.3%
- 3M-13.9%
- 1Y15.2%
- YTD-11.9%
Over the last 7 days, the Telecom industry has dropped 4.3%, driven by pullbacks in Advanced Info Service and True Corporation of 2.6% and 5.4%, respectively. Meanwhile, Mono Next actually outperformed within the industry, gaining 21% in the last week. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Thu, 13 Mar 2025 | ฿1.6t | ฿505.4b | ฿38.5b | 22x | 41.8x | 3.2x |
| Sat, 08 Feb 2025 | ฿1.8t | ฿561.1b | ฿51.5b | 20.3x | 35.1x | 3.2x |
| Mon, 06 Jan 2025 | ฿1.8t | ฿561.1b | ฿51.4b | 22.6x | 35.4x | 3.2x |
| Wed, 04 Dec 2024 | ฿1.9t | ฿563.6b | ฿49.3b | 22.7x | 38.2x | 3.3x |
| Fri, 01 Nov 2024 | ฿1.8t | ฿557.4b | ฿49.9b | 19.6x | 36.7x | 3.3x |
| Sun, 29 Sep 2024 | ฿1.7t | ฿556.3b | ฿49.1b | 20.8x | 35.1x | 3.1x |
| Tue, 27 Aug 2024 | ฿1.6t | ฿556.0b | ฿49.1b | 19.6x | 32.9x | 2.9x |
| Thu, 25 Jul 2024 | ฿1.5t | ฿546.6b | ฿46.9b | 19.9x | 31.2x | 2.7x |
| Sat, 22 Jun 2024 | ฿1.3t | ฿544.0b | ฿46.7b | 20.4x | 28.6x | 2.5x |
| Mon, 20 May 2024 | ฿1.4t | ฿542.7b | ฿46.8b | 24.4x | 29x | 2.5x |
| Wed, 17 Apr 2024 | ฿1.3t | ฿502.1b | ฿45.3b | 23.1x | 29.1x | 2.6x |
| Fri, 15 Mar 2024 | ฿1.3t | ฿502.0b | ฿47.9b | 22.2x | 27.9x | 2.7x |
| Sun, 11 Feb 2024 | ฿1.3t | ฿443.5b | ฿32.9b | 23.2x | 39.6x | 2.9x |
| Tue, 09 Jan 2024 | ฿1.6t | ฿641.8b | ฿16.6b | 22.9x | 93.4x | 2.4x |
| Thu, 07 Dec 2023 | ฿1.6t | ฿641.9b | ฿16.6b | 21.2x | 95.4x | 2.5x |
| Sat, 04 Nov 2023 | ฿1.6t | ฿618.9b | ฿9.7b | 27.9x | 163.4x | 2.6x |
| Mon, 02 Oct 2023 | ฿1.7t | ฿618.7b | ฿7.0b | 31.2x | 241.1x | 2.7x |
| Wed, 30 Aug 2023 | ฿1.6t | ฿618.8b | ฿7.0b | 33.1x | 236.2x | 2.7x |
| Fri, 28 Jul 2023 | ฿1.7t | ฿603.2b | ฿8.9b | 29.8x | 190.3x | 2.8x |
| Sun, 25 Jun 2023 | ฿1.6t | ฿603.2b | ฿8.9b | 30.4x | 180.7x | 2.7x |
| Tue, 23 May 2023 | ฿1.6t | ฿604.9b | ฿8.9b | 30.4x | 180.5x | 2.7x |
| Thu, 20 Apr 2023 | ฿1.7t | ฿617.7b | ฿6.9b | 32.4x | 247.1x | 2.8x |
| Sat, 18 Mar 2023 | ฿1.7t | ฿618.0b | ฿6.9b | 32.1x | 245.2x | 2.7x |
| Mon, 13 Feb 2023 | ฿1.4t | ฿491.4b | ฿39.1b | 31x | 36.8x | 2.9x |
| Wed, 11 Jan 2023 | ฿1.4t | ฿494.2b | ฿37.9b | 29x | 37.5x | 2.9x |
| Fri, 09 Dec 2022 | ฿1.3t | ฿494.1b | ฿37.9b | 28.3x | 35.4x | 2.7x |
| Sun, 06 Nov 2022 | ฿1.3t | ฿489.4b | ฿42.1b | 31.6x | 31.9x | 2.7x |
| Tue, 04 Oct 2022 | ฿1.4t | ฿484.8b | ฿42.8b | 30.1x | 31.8x | 2.8x |
| Thu, 01 Sep 2022 | ฿1.4t | ฿484.6b | ฿42.7b | 31.3x | 31.9x | 2.8x |
| Sat, 30 Jul 2022 | ฿1.4t | ฿478.7b | ฿41.5b | 32x | 33.2x | 2.9x |
| Mon, 27 Jun 2022 | ฿1.4t | ฿478.7b | ฿42.0b | 34x | 33.5x | 2.9x |
| Wed, 25 May 2022 | ฿1.5t | ฿478.2b | ฿41.9b | 34.7x | 35.4x | 3.1x |
| Fri, 22 Apr 2022 | ฿1.5t | ฿478.6b | ฿43.7b | 35.5x | 34.4x | 3.1x |
| Sun, 20 Mar 2022 | ฿1.5t | ฿478.6b | ฿43.7b | 32x | 35.3x | 3.2x |
Price to Earnings Ratio
35.3x
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 41.8x which is lower than its 3-year average PE of 81.5x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have declined 4.1% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Telecom sector?
| TH Market | -3.88% | |
| Telecom | -4.34% | |
| Interactive Media and Services | 0% | 0 |
| Entertainment | -2.87% | |
| Wireless Telecom | -3.30% | |
| Media | -5.37% | |
| Telecom Services and Carriers | -6.61% | |
Industry PE
- Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 36.6x.
- Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings decline of 22.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 74% over the next 5 years.
- This is better than its past earnings growth rate of 36% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 8.7% 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 | |
|---|---|---|---|---|---|
| MONO Mono Next | ฿1.31 | 4.8% +฿208.3m | 70.1% | PS2.5x | |
| SAMTEL Samart Telcoms | ฿5.60 | 1.8% +฿61.8m | 110.5% | PE30x | |
| READY Readyplanet | ฿4.52 | 7.1% +฿36.0m | -58.9% | PE13.4x | |
| MATCH Matching Maximize Solution | ฿1.19 | 2.6% +฿23.4m | -19.6% | PE74.9x | |
| YGG Yggdrazil Group | ฿0.63 | 5.0% +฿18.1m | -91.5% | PS2.2x |