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    ADVANC   TH0268010Z03

ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED

(ADVANC)
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Advanced Info Service Public : AIS joins forces with SCB to announce formation of "AISCB" Thailand first for Banking and Telco sectors combine in Joint Venture

09/21/2021 | 07:42am EST
  • Providing digital banking services to help Thais gain access to financial services

AIS and Siam Commercial Bank have reached an agreement on signing a joint venture deal to embark upon establishing AISCB to offer digital financial services such as loans, before expanding to other financial services. This first collaboration of its kind marks an important step in creating a new growth engine for both firms.

The new joint venture will bring together the strong synergy of the two partners, combining the strength of AIS's digital technology, nationwide network coverage, cutting-edge innovation, and customer service potential with SCB's reliable branding value proposition, successful track record, and expertise in financial services. With the increasing adoption of digital technology in many industries, the new company will focus on creating innovative financial services through digital channels to offer optimal benefits to customers, while bridging the technological gap to enable access to financial services for even more Thais amid the rapid changes taking place during this era of rapid change.

This partnership between AIS and SCB is the first of its kind in Thailand, bringing together leading companies in two critical industries, a telco and a financial institution. They will create financial products meeting wide-ranging demand with digital technology as the key driver. Both companies are confident that the collaboration will play a crucial role in powering the company's digital economy amidst the current challenges.

Disclaimer

AIS - Advanced Info Service pcl published this content on 21 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2021 11:41:06 UTC.


ę Publicnow 2021
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Financials
Sales 2021 175 B 5 183 M 5 183 M
Net income 2021 26 800 M 793 M 793 M
Net Debt 2021 73 104 M 2 163 M 2 163 M
P/E ratio 2021 23,4x
Yield 2021 3,34%
Capitalization 627 B 18 643 M 18 565 M
EV / Sales 2021 4,00x
EV / Sales 2022 3,75x
Nbr of Employees 8 778
Free-Float 31,7%
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Mean consensus BUY
Number of Analysts 22
Last Close Price 211,00 THB
Average target price 225,32 THB
Spread / Average Target 6,79%
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Managers and Directors
Somchai Lertsutiwong Chief Executive Officer & Executive Director
Weng Cheong Hui President & Chief Operating Officer
Tee Seeumpornroj Chief Financial Officer
Kan Trakulhoon Chairman
Surasak Vajasit Independent Director
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