On Tuesday, the share price of True Corporation Public Company Limited (SET: TRUE) at the time of 11.46 a.m. was at THB 11.70, a THB 0.30 or 2.63% increase with a total trading value of THB 562.22 million.
Krungsri Securities maintains its positive outlook on TRUE, highlighting that the company has already passed its lowest point for the year in 2Q25. Analysts forecast a robust earnings recovery in 3Q25, projecting profit to rise to around THB 5 billion from THB 4 billion in the previous quarter, supported by cost savings realized from recent spectrum auctions.
The analysis also asserts that the loss of English Premier League (EPL) broadcasting rights in 3Q25 is expected to have only a minor negative impact on TRUE’s earnings. Earnings momentum is anticipated to continue into 4Q25, fueled by a full-quarter benefit from lower license costs.
Krungsri forecasts TRUE’s 2025 net profit will surge 71% year-on-year, with a further 35% increase expected in 2026. The compound annual growth rate (CAGR) of EPS over the next two years is projected at 51%, reinforcing TRUE’s investment appeal. The brokerage maintains a “Buy” recommendation with a target price of THB 18 per share.
