TRUE shares fell 3.5% yesterday amid two main concerns ahead of its second-quarter 2026 earnings announcement this evening. Asia Plus Securities research noted that if profit comes in below the market expectation of 6.6 billion baht, it could pressure the share price in the short term. Meanwhile, TRUE informed the Stock Exchange of Thailand that China Mobile, which holds a 7.8% stake, confirmed it is not selling its entire holding but is considering selling only a small portion. The research team views the share sale as having no impact on fundamentals and maintains a buy recommendation with a 2026 target price of 18.00 baht, estimating normalized full-year profit at around 29 billion baht, up 49% from the previous year.
True Corporation Public Company LimitedEarnings risk and share sale speculation create mixed short-term pressure, but fundamentals and target price remain unchanged.
China Mobile LimitedChina Mobile's consideration of selling a small stake in TRUE is a minor negative, but it is not selling its entire holding.