On Wednesday at 2:14 PM (Bangkok time), the share price of True Corporation Public Company Limited (SET: TRUE) gained 2.13% or THB 0.30 to THB 14.40, with a trading value of THB 5.80 billion.
Finansia Syrus Securities (FSS) has designated a ‘Buy’ rating for TRUE, with an average target price of THB 16.66 per share, according to the IAA Consensus. The company’s revenue outlook for the second quarter to date remains robust, even as the broader economy begins to feel the impact of rising energy prices. Meanwhile, the analyst does not anticipate a price war in the sector.
On the cost side, TRUE expects limited impact from higher electricity expenses and has begun integrating artificial intelligence to further manage and streamline its cost structure.
Market consensus forecasts the company’s average net profit for 2026 at THB 24.6 billion, representing a notable year-on-year growth of approximately 30%, outperforming peers such as ADVANC and suggesting some potential for modest upside.
The current valuation sees TRUE trading at a price-to-earnings ratio of around 20x, comparable to industry peers. The company’s dividend yield is projected at approximately 3-4% per annum, with distributions made quarterly.
