Several leading securities firms have raised their price targets for True Corporation, or TRUE, after the company reported second-quarter 2026 net profit of 6.5 to 6.55 billion baht, surging over 223 percent from a year earlier, driven by spectrum cost savings and continued merger synergies. The new broker price targets range from 15.60 to 17.50 baht, all with buy recommendations. Normalised operating profit for the quarter came in at 6.6 to 6.74 billion baht, up 60 to 67 percent year-on-year, while the EBITDA margin expanded to 61.7 to 68.5 percent. Core service revenue still posted slight growth from mobile and home internet businesses. Meanwhile, management lowered its 2026 service revenue growth target to 1 to 2 percent from the previous 2 to 3 percent, citing weak tourist arrivals and geopolitical risks, and announced an interim dividend of 0.15 baht per share, higher than market expectations.
True Corporation Public Company LimitedRecord Q2 profit and higher-than-expected dividend prompt broker price target hikes.
