Cyber security and lawsuits are key issues
■ Given the rise of ESG investing, we explore Thai telcos in terms of the ESG
aspect and find that DTAC is our top-ranked ESG play.
■ There is room for improvement in cyber security and legal risks, in our view.
■ ADVANC remains our top pick for the sector. Its ESG is behind DTAC but we
believe it could improve its standing, especially in cyber security.