Shares in Thailand's Advanced Info Service Pcl rose as
much as 4 percent to 287 baht with 1.6 billion shares changing
hands by 0523 GMT, making it the second most actively traded
stock on the SET index. The broader SET index is up 0.44
DBS Vickers Securities, which has a "buy" rating on the
stock and a price target of 335 baht, says the telecommunication
service provider's plan to provide high-speed broadband with the
use of "Wired Broadband" service will create synergies to its
business by expanding a fibre-optic network throughout Thailand.
The technology will offer faster speed and greater
reliability at a higher bandwidth capacity throughout Thailand.
The research house says it expects AIS's 2013 profit to grow
at 19 percent this year and 24 percent by 2014, with an
attractive dividend offer.
1226 (0524 GMT)
(Reporting by Pairat Temphairojana; Editing by Supriya Kurane)