True Corporation Public Company Limited (TRUE.BK)
Bangkok, TH
True Corporation Public Company Limited, alongside its subsidiaries, stands as a prominent entity within Thailand's telecommunications and broad communications sectors. The company operates primarily through its distinct segments: TrueMove H, TrueOnline, and TrueVisions, offering a comprehensive array of services. These encompass mobile connectivity, high-speed internet, Wi-Fi solutions, diverse content and media, television broadcasting, and advanced digital platforms and solutions. Beyond these fundamental telecommunication offerings, True Corporation engages in a multitude of other business activities. Its ventures include entertainment, the leasing of mobile equipment, program creation, non-governmental telecommunications, and artist representation. The firm also functions as an internet service provider and distributor, manages marketing initiatives, and operates a news channel. Further diversifying its portfolio, True delivers business solutions, provides online digital media services across various platforms, oversees distribution centers, and offers logistics consulting and management. Its operations also extend to advertising sales, wireless communication, cable pay television, and the management of a football club. Additionally, True acts as a content developer, designs and markets software, specializes in data analytics and digital innovation, supplies hospitality technology, and provides business process outsourcing for technical support, marketing, and customer relations. Established in 1990, the company maintains its headquarters in Bangkok, Thailand. It was previously known as TelecomAsia Corporation Public Company Limited until its official renaming to True Corporation Public Company Limited in April 2004.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +4.26% | +5.00% | +2.80% | +8.09% | +24.58% | +34.86% | +21.49% | +92.16% | +365.19% | +98.65% | -78.61% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 4 | 0 |
| Buy | 12 | -1 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Telecommunications Services: +7.0%-5.0% Q1'26: -9.8% (vs Q1'25)
-
EPS growth Telecommunications Services: +15.8%+184.4% ★ Q1'26: +280.0% (vs Q1'25)
-
FCF margin FCF growth · Telecommunications Services: +29.4%+28.1% ★ Q1'26: +16.0% (vs Q1'25)
-
EBIT margin Telecommunications Services: +14.7%+18.6% ★ Q1'26: +24.1% (vs Q1'25)
-
ROIC Telecommunications Services: +6.4%+6.3% Q1'26: +8.6% (vs Q1'25)
-
Share dilution Telecommunications Services: +0.0%+0.0% Q1'26: +6.1% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×4.88× Q1'26: 3.71× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 12 Rev. Ana. 12 EPS Ana. |
Dec 2027 15 Rev. Ana. 14 EPS Ana. |
Dec 2028 12 Rev. Ana. 10 EPS Ana. |
Dec 2029 11 Rev. Ana. 4 EPS Ana. |
|---|---|---|---|---|---|---|---|---|
| Revenue |
135.08B
est: 132.68B (+1.8%)
|
202.89B
est: 238.53B (-14.9%)
|
206.02B
est: 208.87B (-1.4%)
|
195.67B
est: 199.31B (-1.8%)
|
190.78B
186.65B – 201.16B
-4.3% YoY
|
195.20B
189.13B – 207.62B
+2.3% YoY
|
198.44B
198.03B – 198.84B
+1.7% YoY
|
198.68B
193.43B – 210.42B
+0.1% YoY
|
| EBITDA |
52.05B
est: 57.91B (-10.1%)
|
67.93B
est: 109.25B (-37.8%)
|
82.99B
est: 95.67B (-13.3%)
|
107.27B
est: 91.28B (+17.5%)
|
87.38B
85.49B – 92.13B
-4.3% YoY
|
89.40B
86.62B – 95.09B
+2.3% YoY
|
90.89B
90.70B – 91.07B
+1.7% YoY
|
91.00B
88.59B – 96.37B
+0.1% YoY
|
| EBIT |
15.95B
est: 10.14B (+57.3%)
|
6.32B
est: 21.88B (-71.1%)
|
10.96B
est: 19.16B (-42.8%)
|
36.42B
est: 18.28B (+99.2%)
|
17.50B
17.12B – 18.45B
-4.3% YoY
|
17.90B
17.35B – 19.04B
+2.3% YoY
|
18.20B
18.16B – 18.24B
+1.7% YoY
|
18.22B
17.74B – 19.30B
+0.1% YoY
|
| Net Income |
-18.29B
est: -23.47B (+22.1%)
|
-17.50B
est: -18.44B (+5.1%)
|
-10.97B
est: -4.13B (-165.5%)
|
9.24B
est: 11.98B (-22.9%)
|
24.23B
20.13B – 28.85B
+102.3% YoY
|
28.42B
21.31B – 37.81B
+17.3% YoY
|
30.45B
23.97B – 36.68B
+7.2% YoY
|
42.84B
41.37B – 46.14B
+40.7% YoY
|
| SGA |
29.37B
est: 24.99B (+17.6%)
|
39.49B
est: 42.74B (-7.6%)
|
32.00B
est: 37.43B (-14.5%)
|
29.18B
est: 35.71B (-18.3%)
|
34.19B
33.45B – 36.05B
-4.3% YoY
|
34.98B
33.89B – 37.20B
+2.3% YoY
|
35.56B
35.49B – 35.63B
+1.7% YoY
|
35.60B
34.66B – 37.71B
+0.1% YoY
|
| EPS |
-0.53
est: -0.66 (+19.7%)
|
-0.42
est: -0.54 (+21.8%)
|
-0.32
est: -0.12 (-173.4%)
|
0.27
est: 0.34 (-20.5%)
|
0.69
0.58 – 0.84
+104.3% YoY
|
0.81
0.62 – 1.09
+17.0% YoY
|
0.88
0.69 – 1.06
+8.9% YoY
|
1.24
1.20 – 1.34
+40.3% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-08 | C | 2/5 | 1/5 | 4/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 1/5 | 4/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 1/5 | 4/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 1/5 | 4/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 1/5 | 4/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 1/5 | 3/5 | 4/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 1/5 | 3/5 | 4/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C+ | 2/5 | 1/5 | 4/5 | 4/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C+ | 2/5 | 1/5 | 4/5 | 4/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | State Street SPDR S&P Emerging Asia Pacific ETF GMF | 0.05% | 234.1K | 0.49% |
| 2 | State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF EEMX | 0.04% | 66.2K | 0.30% |
| 3 | Invesco MSCI Emerging Markets UCITS ETF MXFS.L | 0.04% | 166.0K | 0.09% |
| 4 | UBS Core MSCI EM UCITS ETF USD dis UB30.L | 0.03% | 4.30M | 0.15% |
| 5 | UBS MSCI ACWI Universal UCITS ETF hCHF acc AWESGS.SW | 0.00% | 253.5K | 0.26% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Suphachai Chearavanont | Executive Chairman of the Board | 4M | male |
| Manat Manavutiveth | Chief Customer Experience & Retail Officer | — | male |
| Marayat Dreyer | Head of Compliance & Monitoring | — | female |
| Nakul Sehgal | Chief Financial Officer | — | male |
| Naureen Quayum | Head of Investor Relations | — | female |
| Prathet Tankuranun | Acting Chief IT & Security Officer | — | male |
| Raksa-orn Tantivess | Head of Accounting Division | — | female |
| Sarinra Wongsuppaluk | Chief Human Resources Officer | — | female |
| Sharad Chandra Mehrotra | Chief Consumer Business Officer | — | male |
| Sigve Brekke | Group CEO & Director | — | male |
| Tanaphon Manavutiveth | Chief Home Connectivity Officer | — | male |
| Teeradet Dumrongbhalasitr | Chief Business Officer | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for TRUE.BK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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