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Communications

Advanced Info Service

Company Background

Advanced Info Service is Thailand's largest mobile service provider in subscribers and revenue. It is the core subsidiary of Intouch Holdings, which recently changed its name from Shin Corp., the telecom company established by former Prime Minister Thaksin Shinawatra. Thaksin's sister and former prime minister, Yingluck Shinawatra, was also once chief executive of AIS. The Shinawatras sold their stake in Shin to Singapore's Temasek in 2006. Currently, Intouch Holdings owns around 40% of AIS and Singapore Telecom owns about 23%.

AIS lags behind its two smaller rivals, Total Access Communication and True Corp., in establishing next-generation 4G network infrastructure in Thailand. It is the only carrier yet to launch 4G services as its current network does not have sufficient bandwidth. The military government that took power in May 2014 has suspended a planned 4G spectrum auction, citing "transparency" reasons.

In an attempt to diversify, AIS plans to launch fixed-line broadband services from 2015 at a cost of 4.6 billion baht. The target is to have 80,000 subscribers within the first year of service.

Business Summary

Advanced Info Service Public Co., Ltd. engages in the provision of mobile telecommunication services. It operates through the following segments: Mobile phone services, Mobile phone and equipment sales, and Datanet and Broadband Services. The firm provides domestic mobile, international direct dialing, and international roaming service. The company was founded on April 24, 1986 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2019 THBUSD
Revenue180,893.68M5,826.86M
Gross Profit68,994.24M2,222.40M
Operating income41,283.32M1,329.79M
Income before tax37,487.62M1,207.53M
Net income31,189.57M1,004.66M
EBITDA78,512.32M2,529.00M
Diluted EPS10.490.33
Dividends Per Share7.340.23
Total Assets290,117.12M9,685.50M
Total liabilities220,722.95M7,368.79M
Total equity69,266.09M2,312.43M
Operating cash flow73,485.66M2,367.08M
Currency in THBCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 155,276M 152,150M 157,721.80M 169,855.84M 180,893.68M
Gross Profit 70,457M 69,158M 65,463.16M 66,400.15M 68,994.24M
Operating income 50,267M 39,367M 40,359.70M 40,062.84M 41,283.32M
Income before tax 49,164M 35,841M 35,915.98M 35,759.61M 37,487.62M
Net income 39,152M 30,667M 30,077.31M 29,682.17M 31,189.57M
EBITDA 70,762M 61,035M 70,510.39M 73,941.84M 78,512.32M
Diluted EPS 13.17 10.32 10.12 9.98 10.49
Dividends Per Share 12.99 10.08 7.08 7.08 7.34
Total Assets 181,782M 275,691M 284,094.91M 290,594.98M 290,117.12M
Total liabilities 133,289M 232,983M 233,668.13M 232,926.40M 220,722.95M
Total equity 48,376M 42,569M 50,320.35M 57,521.03M 69,266.09M
Operating cash flow 60,899M 57,598M 61,868.75M 65,575.48M 73,485.66M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 4,530.60M 4,312.57M 4,647.96M 5,254.26M 5,826.86M
Gross Profit 2,055.77M 1,960.22M 1,929.15M 2,053.99M 2,222.40M
Operating income 1,466.67M 1,115.82M 1,189.37M 1,239.29M 1,329.79M
Income before tax 1,434.49M 1,015.88M 1,058.42M 1,106.17M 1,207.53M
Net income 1,142.36M 869.23M 886.35M 918.17M 1,004.66M
EBITDA 2,064.67M 1,729.98M 2,077.89M 2,287.29M 2,529.00M
Diluted EPS 0.38 0.29 0.29 0.30 0.33
Dividends Per Share 0.37 0.28 0.20 0.21 0.23
Total Assets 5,051.60M 7,698.60M 8,717.24M 8,924.90M 9,685.50M
Total liabilities 3,704.01M 6,505.99M 7,169.93M 7,153.75M 7,368.79M
Total equity 1,344.33M 1,188.72M 1,544.04M 1,766.61M 2,312.43M
Operating cash flow 1,776.89M 1,632.56M 1,823.23M 2,028.48M 2,367.08M

Valuation Measures

Dec 2019
PER20.30
ROA10.74%
ROE49.19%
Operating margin22.82%
Profit margin17.24%

Key executives

  • Chief Executive Officer & Director: Somchai Lertsutiwong
  • President, Chief Operating Officer & Director: Weng Cheong Hui
  • Chief Financial Officer: Tee Seeumpornroj
  • Chief Audit Executive: Suvimon Kulalert
  • Head-Investor Relations: Nattiya Poapongsakorn

Shareholders

  • Intouch Holdings Public Co. Ltd. (40.4%)
  • Singapore Telecommunications Ltd. (23.3%)
  • Social Security Office of Thailand (3.0%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • GIC Pte Ltd. (Investment Management) (0.4%)
  • Krung Thai Asset Management Public Co., Ltd. (0.3%)
  • MFC Asset Management Public Co., Ltd. (Investment Management) (0.3%)
  • Investec Asset Management Ltd. (0.3%)
  • Norges Bank Investment Management (0.2%)
  • TOBAM SAS (0.2%)

Contact Details

  • Website:http://www.ais.co.th
  • Address: AIS Tower 1, 414 Phaholyothin Road, Samsen Nai, Bangkok, 10400, Thailand
  • Phone: +66.2.029.3145

Related Companies

  • Advanced Broadband Network Co. Ltd.
  • Advanced Internet Revolution Co., Ltd.
  • AIN GlobalComm Co., Ltd.
  • Super Broadband Network Co., Ltd.
  • Advanced Magic Card Co., Ltd.
  • Advanced Wireless Network Co. Ltd.
  • Advanced Contact Center Co., Ltd.
  • Advanced mPAY Co. Ltd.
  • Data Line Thai Co. Ltd.
  • Shin Digital Co Ltd
  • ArcCyber Co. Ltd.

Competitors

  • True Corp. Public Co., Ltd.
Last Updated on 25 Feb, 2020

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