TRUE-ADVANC Q2 Core Profit Up 34%

EarningsAnalyst
โดย HoonVision·TH·Read original
Summary · why it matters

Bualuang Securities reports that the combined core profit of the telecommunications group in Q2 2026 was 20.3 billion baht, up 34% year-on-year and 2% quarter-on-quarter, despite total revenue declining 3% year-on-year. TRUE's core profit rose 62% year-on-year, driven by spectrum cost savings and better-than-expected synergies, while ADVANC grew 24% from revenue across multiple businesses. THCOM posted a core loss of 79 million baht. In the second half, TRUE continues to benefit from synergies, with its 2026 profit forecast raised to 26 billion baht, while ADVANC is on track and maintains its forecast at 55 billion baht. THCOM remains a weak point. The group is rated Market Weight, with a TRADING BUY on TRUE at a target price of 15.10 baht and a BUY on ADVANC at a target price of 398 baht.

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Cloud & Digital Infrastructure▲ · 2 stocks
True Corporation Public Company Limited
TRUE
▲ PositiveCapitalrelevance

Core profit up 62% year-on-year, driven by spectrum cost savings and synergies; 2026 profit forecast raised to 26 billion baht, TRADING BUY with target 15.10 baht.

Space Economy▼ · 1 stocks
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