Krungsri Securities Public Company Limited has issued an analysis forecasting that the net profit of True Corporation Public Company Limited, or TRUE, for the third quarter of 2026 will come in at approximately 6.99 billion baht, an increase of 334% from the same period last year and 7% from the previous quarter, which would mark a new record high for quarterly profit. The result is driven by revenue growth in both the mobile phone and broadband businesses, along with efficient cost control, particularly SG&A expenses, which are expected to fall 4.2% from the previous quarter. Core revenue excluding network interconnection is expected to grow 1.2% from a year earlier and 0.9% from the previous quarter. Interest expenses are expected to decline 11% from a year earlier as debt is gradually repaid. If profit comes in as expected, first-nine-month profit for 2026 would represent roughly 77% of the full-year profit estimate. Krungsri Securities maintains its 2026 profit forecast of about 40% growth from a year earlier and sees roughly 4% further upside to that estimate. It reiterates a Buy recommendation with a target price of 19 baht and selects TRUE as a Top Pick under the theme of profit growth combined with a dividend yield of approximately 4.3%.
True Corporation Public Company LimitedKrungsri forecasts record Q3 2026 profit of 6.99 billion baht (+334%) and reiterates Buy with a 19 baht target price
Bank of Ayudhya PCL