True Corporation Financial Performance and Industry Analysis

True Corporation has a strong presence in the Thai telecommunications industry, with a history dating back to 1983. The company has grown to become one of the largest telecommunications service providers in Thailand.

True Corporation's revenue has been steadily increasing over the years, with a significant boost in 2019 due to the growth of its digital business. The company's revenue reached 68.9 billion baht in 2020.

True Corporation's focus on digital transformation has allowed it to expand its services beyond traditional telecommunications, offering a range of digital solutions to its customers. This strategic shift has helped the company stay competitive in a rapidly changing market.

The company's efforts have paid off, with True Corporation's market share in the Thai telecommunications industry increasing to 27.3% in 2020.

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True Corporation operates through various segments, including Mobile, Pay TV, and Broadband Internet and Others. The company offers a wide range of services, from mobile and broadband Internet to Wi-Fi, television, and digital platforms.

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True Corporation is involved in various activities, such as entertainment, artist management, and internet services provision. It also operates a news channel and provides business solutions, online digital media services, and distribution center services.

The company was incorporated in 1990 and is based in Bangkok, Thailand. It was formerly known as TelecomAsia Corporation Public Company Limited and changed its name to True Corporation Public Company Limited in April 2004.

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Our business operations are based in Bangkok, with a primary location at 18 True Tower on Ratchadaphisek Road, Huai Khwang.

We're easily accessible, with a clear address: 18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, 10310, TH.

You can get directions to our location by following the link provided.

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True Corporation Public Company Limited is a major player in Thailand's telecom industry. It offers a wide range of services, including mobile, broadband Internet, Wi-Fi, television, and digital platforms and solutions.

The company operates through three main segments: Mobile, Pay TV, and Broadband Internet and Others. This diversification allows True Corporation to cater to various customer needs and stay competitive in the market.

True Corporation provides entertainment services, including program production and artist management. It also offers business solutions, online digital media services, and distribution center services.

The company's subsidiaries are an integral part of its operations. Some of the notable subsidiaries include TrueMove H and DTAC TriNet, TrueOnline, TrueVisions, and True Digital.

Here's a breakdown of True Corporation's subsidiaries:

True Corporation has a long history in the telecom industry, dating back to its incorporation in 1990. The company changed its name to True Corporation Public Company Limited in April 2004.

When you're looking to improve competitive bidding, having insights into publicly disclosed IT services contracts can be a game-changer. True Corp Public Co Ltd's contracts cover a range of services, including IT outsourcing, business process outsourcing, systems integration, and consulting.

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True Corp Public Co Ltd's IT services contracts are publicly disclosed, giving you access to valuable information that can inform your bidding strategy. This transparency can be a huge advantage in the competitive bidding process.

You can find insights into True Corp Public Co Ltd's IT services contracts, including IT outsourcing and business process outsourcing, which can help you tailor your approach to meet their specific needs. This can be a key factor in winning contracts.

True Corp Public Co Ltd's publicly disclosed IT services contracts can also provide valuable information on their systems integration and consulting needs. By understanding their requirements, you can develop a more effective proposal.

With access to True Corp Public Co Ltd's IT services contracts, you can gain a deeper understanding of their IT outsourcing and business process outsourcing needs. This can help you create a more targeted proposal that meets their specific requirements.

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True Corporation's financial performance is a mixed bag. As of October 1, 2025, the company's trailing total returns may include dividends or other distributions.

The company's balance sheet reveals a significant amount of cash on hand, with a total of $13.84 billion in cash. This is a substantial amount, but it's worth noting that the company's total debt to equity ratio is a high 539.47% as of the most recent quarter.

True Corporation's profitability is also an area of concern, with a profit margin of -2.27% and a return on equity of -5.84% as of the most recent quarter. However, the company's revenue is substantial, with $204.61 billion in revenue for the most recent quarter.

Here's a summary of some key financial metrics:

The financial performance of a company can be a complex topic, but let's break it down into simple terms. TRUE.BK's trailing total returns as of 10/1/2025 were influenced by dividends or other distributions.

Looking at the profitability and income statement, we can see some concerning signs. The profit margin was a negative 2.27%, indicating that the company is losing money on each sale. Return on Assets (ROA) was 3.06%, which is a relatively decent metric, but Return on Equity (ROE) was a negative 5.84%, suggesting that the company is not generating enough profits to cover its equity.

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Revenue (ttm) was a substantial 204.61 billion, but Net Income Available to Common (ttm) was a negative 4.65 billion, indicating significant losses. Diluted EPS (ttm) was a negative 0.14, which is not a good sign for investors.

Let's take a look at the balance sheet and cash flow. Total Cash (mrq) was a healthy 13.84 billion, but Total Debt/Equity (mrq) was a staggering 539.47%, indicating a high level of debt.

Here's a summary of TRUE.BK's financial performance:

In evaluating a company's financial performance, valuation measures can provide valuable insights into its worth. Market capitalization, or Market Cap, is a key metric, standing at $362.80 billion.

The Enterprise Value, which includes debt and cash, is significantly higher at $765.29 billion. This suggests that the company's debt and cash levels are substantial.

The Forward P/E ratio, which estimates the stock's future earnings growth, is 16.69. This indicates that investors are expecting a certain level of growth from the company.

The Price/Sales ratio, which compares the stock price to the company's revenue, is 1.76. This ratio can help investors understand how much they're paying for each dollar of sales.

The Price/Book ratio, which compares the stock price to the company's book value, is 4.67. This ratio can indicate whether the stock is overvalued or undervalued compared to its assets.

Here's a summary of the valuation measures:

True Corporation operates in a competitive industry, with several other companies vying for market share. True Corp Public Co Ltd, TOT Public Company Limited, Jasmine Technology Solution Public Company Limited, Advanced Wireless Network Co.,Ltd., and National Telecommunications PCL are all based in Thailand.

True Corp Public Co Ltd is a public company with its headquarters in Bangkok. TOT Public Company Limited, on the other hand, is a private company with its headquarters in Laksi, Bangkok. This contrast in entity type and location may impact their business strategies and operations.

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Here's a brief overview of the companies mentioned:

True Corp Public Co Ltd has a larger workforce, with 2,227 employees, while Jasmine Technology Solution Public Company Limited has significantly fewer employees, with 337 staff members.

In the competitive landscape of the industry, we find several key players vying for market share. True Corp Public Co Ltd and TOT Public Company Limited are both headquartered in Thailand.

The city of Bangkok is home to True Corp Public Co Ltd, while TOT Public Company Limited is based in Laksi. Interestingly, both companies have a strong presence in the country.

One notable difference between the two companies is their entity type, with True Corp Public Co Ltd being a public entity and TOT Public Company Limited being private.

Here's a breakdown of the key parameters for the five competitors:

In the premium industry, we see a significant presence of established players such as ABC Corporation, which has been in the market for over 20 years.

These players have a strong market share, with ABC Corporation accounting for nearly 30% of the total market.

Their extensive experience and resources have enabled them to develop a wide range of products that cater to diverse customer needs.

One notable example is their flagship product, which has been in production for over 15 years and has undergone several significant updates.

The premium industry is also characterized by a high level of competition, with several players vying for market share.

Despite this, the industry has seen steady growth over the past decade, with a compound annual growth rate of 10%.

This growth can be attributed to increasing demand from emerging markets and the development of new technologies.

The premium industry is also marked by a high level of innovation, with companies constantly seeking to improve their products and services.

One notable example is the introduction of sustainable materials in several premium products, which has helped to reduce the industry's environmental footprint.

The use of sustainable materials has not only improved the industry's reputation but has also opened up new business opportunities.

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True Corporation has made significant strides in regulatory compliance, obtaining licenses from the Ministry of Information and Communication Technology to operate as a telecommunications service provider. This license allows them to offer a range of services, including mobile and fixed-line telephony.

True Corporation has also partnered with leading technology companies to stay at the forefront of innovation. For instance, they have collaborated with Ericsson to deploy 5G networks, ensuring customers have access to the latest technology.

True Corporation's partnerships have not only improved their services but also expanded their reach, making them a major player in the Thai telecommunications market.

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Thai activists have charged that True, Thailand's largest ISP, shared dissidents' internet account details with the junta in the aftermath of the 2014 Thai coup d'état. This alleged collaboration raises concerns about the government's attempts to curb online criticism.

It is impossible to corroborate that True shared dissidents' data with law enforcement. The lack of concrete evidence makes it difficult to verify these claims.

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Thai governments since 2007 have sought to curb online criticism by passing legislation that compels ISPs to deploy online surveillance and censorship technologies. This has led to a concerning trend of government overreach in the digital sphere.

True's privacy policy allows it to share data with law-enforcement authorities, giving the government access to sensitive information. This policy raises questions about the balance between national security and individual privacy.

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The NBTC has endorsed AIS as a frequency auction winner, marking a significant development in the country's telecommunications landscape. AIS has been recognized for its capabilities in supporting the transformation of the industry.

True Corporation has also been endorsed as a frequency auction winner, with a focus on delivering a superior customer experience. Manat Manavutiveth oversees all nationwide sales and service channels to ensure consistency and excellence.

AIS is expected to play a key role in shaping the future of telecommunications in the country. The NBTC's endorsement of AIS as a frequency auction winner is a testament to its capabilities.

True Corporation has appointed several key executives to drive its transformation, including Manat Manavutiveth as Chief Customer Experience and Retail Officer.

True Corporation is a leading telecommunications provider in Thailand, operating under the brand name True. True offers a range of services including mobile phone, internet, and television.

True's financial performance is strong, with revenue exceeding 100 billion THB in 2020. This growth is a testament to the company's successful expansion into new markets and services.

True's mobile phone service has over 20 million subscribers, making it one of the largest mobile operators in Thailand. This large customer base allows True to offer competitive pricing and a wide range of plans to suit different needs.

True's internet service is also highly reliable, with an average speed of 100 Mbps in urban areas. This fast speed enables customers to enjoy seamless online experiences, whether it's streaming, gaming, or working from home.

True has a wide range of TV channels, including popular international channels like HBO and Disney. With over 200 channels to choose from, customers can find something to suit their interests.

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