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MarketScreener Homepage  >  Equities  >  STOCK EXCHANGE OF THAILAND  >  Advanced Info Service PCL    ADVANC   TH0268010Z03

ADVANCED INFO SERVICE PCL

(ADVANC)
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Singapore's Temasek sells stakes in Thai telco Intouch for $506 million

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08/15/2019 | 01:17am EDT

BANGKOK (Reuters) - Units of Singapore's sovereign fund Temasek - Aspen Holdings and Anderton Investments - launched an overnight block trade on Wednesday for 15.6 billion baht ($505.67 million) or 8.02% of its stakes in Thai telco company Intouch Holdings Pcl, according to a term sheet.

Intouch owns stakes in Thailand's largest mobile phone network Advanced Info Service Pcl and satellite operator Thaicom Pcl.

The deal, Southeast Asia's largest block trade in 2019, sent Intouch shares down nearly 6% on Thursday in Bangkok trading.

Intouch shares, however, gained 27% year-to-date against a benchmark rise of 3.55% <.SETI>; stock was priced at 60.75 baht on Thursday at a pre-close of 64.5 baht.

Intouch did not immediately respond to a Reuters request for comment.

Former Prime Minister Thaksin Shinawatra sold InTouch, then known as Shin Corp, to Temasek in 2006, setting off public criticism that led to his ousting in a coup.

Singapore Telecommunications Ltd currently owns 21% of InTouch.

Credit Suisse was one of the book-runners.

(Reporting by Anshuman Daga in Singapore and Chayut Setboonsarng in Bangkok, Editing by Sherry Jacob-Phillips)

Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED INFO SERVICE PCL End-of-day quote.
ASPEN GROUP INC 2.44% 5.45 Delayed Quote.-0.55%
ASPEN GROUP LIMITED 0.92% 1.1 End-of-day quote.11.79%
ASPEN GROUP LTD 0.05% 782 Delayed Quote.36.89%
CREDIT SUISSE GROUP AG -0.27% 12.865 Delayed Quote.19.44%
INTOUCH HOLDINGS PCL End-of-day quote.
SINGAPORE TELECOMMUNICATIONS LIMITED -0.31% 3.17 End-of-day quote.8.93%
THAICOM PCL End-of-day quote.
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Financials (THB)
Sales 2019 176 B
EBIT 2019 42 515 M
Net income 2019 31 825 M
Debt 2019 78 546 M
Yield 2019 3,43%
P/E ratio 2019 20,8x
P/E ratio 2020 19,6x
EV / Sales2019 4,20x
EV / Sales2020 4,11x
Capitalization 660 B
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 235,55  THB
Last Close Price 222,00  THB
Spread / Highest target 22,5%
Spread / Average Target 6,10%
Spread / Lowest Target -27,9%
EPS Revisions
Managers
NameTitle
Somchai Lertsutiwong Chief Executive Officer & Director
Weng Cheong Hui President, Chief Operating Officer & Director
Kan Trakulhoon Chairman
Tee Seeumpornroj Chief Financial Officer
Kriengsak Wanichnatee Chief Technology Officer
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