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TRUE profit up 5 quarters, quarterly dividends signal re-rating

TRUE profit up 5 quarters, quarterly dividends signal re-rating

Thansettakij•Economy•21d ago

Reader Briefing

TRUE secures five consecutive quarters of profit and a positive outlook, signaling a potential re-rating driven by its new quarterly dividend policy and focus on advanced services beyond basic connectivity.

  • •TRUE has achieved its fifth consecutive quarter of profit, demonstrating strong financial recovery and a stable business model.
  • •The company's new policy of paying quarterly dividends, starting with an interim payout of 0.14 baht per share, aims to boost investor confidence.
  • •TRUE is shifting its strategy from a price-driven competitive approach to 'Beyond Connectivity' services, including AI and ecosystem integration.

Overview

  • •The business direction of TRUE in early 2026 is receiving positive views from the capital market.
  • •TRUE announced an interim dividend of 0.14 baht per share, amounting to over 4,800 million baht.
  • •Analyst believe the shift to quarterly dividend payments reflects management's confidence in stable cash flow.
  • •TRUE is moving past the post-merger volatility, evidenced by five consecutive quarters of profitability.
  • •TRUE's financial status is described as 'bright' with reduced debt and improved cash flow, leading to a 'Positive Outlook' credit rating.
  • •TRUE is focusing on 'Beyond Connectivity' strategies and ecosystem expansion rather than engaging in price wars.
  • •If TRUE maintains its profit momentum throughout 2026, the stock is likely to be re-rated as a 'Telecom Transformation' stock.
  • •Investors can potentially achieve long-term returns from TRUE's transformation into a provider of Digital Platforms, Broadband, and AI.

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Key Quotes

TRUE
"Announces interim dividend of 0.14 baht per share, totalling over 4,800 million baht."
ประกาศจ่ายเงินปันผลระหว่างกาลที่ 0.14 บาทต่อหุ้น รวมเป็นเม็ดเงินกว่า 4,800 ล้านบาท
TRUE
"Will not engage in a price war."
ไม่เข้าสู่สงครามราคา

Key Entities

Organization

True Corporation(TRUE)ℹ️
A Thai telecommunications company that has achieved five consecutive quarters of profit and is implementing a new quarterly dividend policy.