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Thai stocks · SET · Technology · Communications and telecommunications
Held by 5 funds5 open to buy4 AMCs
Last close (THB)12.800.00 (0.00%)as of 3 Nov 2026
Funds that hold it5One fund per scheme
Held through a master fund05 buy the stock themselves
Largest weight in a single fund25.14%Of that fund's NAV
Median weight7.46%Half the funds hold more than this
What does TRUE do
True Corporation PCL
Runs True and dtac mobile, home internet and TrueVisions TV. Revenue comes mainly from monthly fees, but debt and network depreciation are heavy, so profit depends on cutting costs after the merger
True mobiledtac mobileTrue Online home broadbandTrueVisions TVTrueIDMobile phone sales
Where the revenue comes from, and how much is left as profit (FY2025)
For every 100 baht of sales: cost of sales 66 · operating expenses 21 · other income adds 2 · tax and other items 9 · leaving 5 as net profit
Which funds let you invest in TRUE
Sorted by weight held, largest first
Investors in Thailand can buy TRUE through 5 mutual funds open to retail investors. Every one of them buys the stock directly.
Showing 5 of 5 funds you can buy · The full list is in the Expert view · Latest weights from portfolio reports, and funds can change their portfolios at any time · Past performance is not a guarantee of future performance
True Corporation PCL · SET · Fiscal year ends in December
Market cap442.3B THB34.55 billion shares
P/E47.4xPrice ÷ FY2025 EPS 0.27
Forward P/E15.5xBased on forecast 12-month earnings
P/S2.4x
EV/EBITDA8.0x
Dividend yield4.69%0.60 THB per share a year
ROE12.4%Net profit ÷ shareholders' equity
Debt to equity (D/E)4.32xInterest-bearing debt
Beta0.41Against SET50 (TDEX fund)
Gross margin33.5%FY2025
Operating margin14.1%FY2025
Net margin4.7%FY2025
Price ratios use the latest close shown on this page · Forward P/E, P/S and EV/EBITDA from Market data · Beta from 5 years of monthly returns · Total dividends over the last 12 months
Company health made simple
From the FY2025 statements
Sales growth−5.0%Slow growth
Yearly average over the last 1 years · Latest annual sales 195.7B THB
Profit from sales5%Thin margin
For every 100 baht of sales, about 5 baht is left as net profit
Dividend4.69%Pays dividends
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price+12.3%Up
Now 13.5% below its 1-year high
A rise or fall in the share price doesn't move a fund by the same amount — a fund is affected only in proportion to how much it holds
Financial statements
Revenue grows −5.0% a year on average · EPS grows N/A a year on average
Annual · last 2 fiscal years
Revenue and net profit
FY2024206.0B THB−11.0B THB
FY2025195.7B THB9.2B THB
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY202549.6B THB2.0B THB
Q3 FY202547.2B THB1.6B THB
Q4 FY202547.4B THB4.0B THB
Q1 FY202646.4B THB6.6B THB
Q2 FY202645.9B THB6.6B THB
Total revenue
Net profit
Annual income statement, balance sheet and cash flow
Item (THB)
FY2024
FY2025
Total revenue
206.0B THB
195.7B THB
Gross profit
61.0B THB
65.6B THB
Operating profit
12.1B THB
27.6B THB
Net profit
−11.0B THB
9.2B THB
EPS (diluted)
−0.32
0.27
Gross margin
29.6%
33.5%
Operating margin
5.9%
14.1%
Net margin
−5.3%
4.7%
Operating cash flow
78.4B THB
82.1B THB
Free cash flow
52.2B THB
56.5B THB
Total assets
675.5B THB
664.2B THB
Total liabilities
601.3B THB
589.1B THB
Shareholders' equity
74.2B THB
75.1B THB
Free cash flow = operating cash flow − capital expenditure · A cell showing N/A is an item the statement doesn't report, not a zero · Source: SEC Thailand (audited financial statements)
Technical analysis
Closed at 12.80 THB on 3 Nov 2026
Daily trendLeaning upScore 0.40 on a scale of −1 to +1 · 1210 bars
RSI(14)
51.1
ADX(14)
20.3
Position in the price range
47%
Weekly trendClear downtrendScore −0.50 on a scale of −1 to +1 · 262 bars
RSI(14)
46.2
ADX(14)
17.3
Position in the price range
52%
Monthly trendClear uptrendScore 0.67 on a scale of −1 to +1 · 61 bars
RSI(14)
55.7
ADX(14)
37.8
Position in the price range
79%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
12.80
12.77
Above
20 days
12.70
12.75
Above
50 days
12.82
12.88
Below
100 days
13.19
13.06
Below
200 days
13.29
12.95
Below
Indicators (daily)
Indicator
Value
Signal
RSI(14)
51.14
Up
MACD(12,26)
0.00
Up
ADX(14)
20.33
Neutral
ATR(14) % of price
0.85
Neutral
Support and resistance (weekly pivots)
s313
s213
s113
p13
r113
r213
r313
Trend score = average of the moving-average group and the indicator group ((up signals − down signals) ÷ number of signals) · RSI and ATR use Wilder's method · MACD uses the 12- and 26-period EMA · An ADX of 25 or above counts as a clear trend · Calculated from daily closing prices from Market data · Not investment advice
Thai funds holding TRUE
5 funds · Highest 25.14% · Median 7.46%
How the weights are spread
Number of funds by weight range
0
0
0
3
1
1
< 1%1–3%3–5%5–8%8–12%12%+
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
One fund counted per scheme · Funds investing through a master fund show the master fund's weight in TRUE, not the look-through weight · Past performance is not a guarantee of future performance
Data sourcesFunds that buy the stock themselves: top 5 holdings from the AMC's fact sheet as of 30 Sep 2026 · Funds that invest through a master fund: the master fund's portfolio from its issuer's fact sheet or prospectus · Each scheme counts as one fund · Share price: Market data · Financial statements: SEC Thailand (audited financial statements) · Ratios: Market data · Revenue by business segment: SEC Thailand (audited financial statements) · Weights are as of the report date, and funds can change their portfolios at any time · Investing involves risk. This is not investment advice.
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