Kasikorn Securities maintains its buy recommendation on True Corporation, or TRUE, with a target price of 16.77 baht, following stronger-than-expected second-quarter 2026 results. Core profit came in at 6.4 billion baht, up 60.1 percent from a year earlier and 2.4 percent above Kasikorn Securities' estimate. The company also announced an interim dividend of 0.15 baht per share, implying an annualised dividend yield of about 4.2 percent. However, Kasikorn Securities sees EBITDA growth momentum likely slowing in the second half, and the share price may lack fresh positive catalysts in the near term after a strong run over the past three years. Longer-term support is still seen from improving financial returns and proactive capital management.
True Corporation Public Company LimitedStronger-than-expected Q2 profit and interim dividend support buy rating
Kasikornbank Public Company Limited