True Corp.'s Earnings May Benefit From Easing Competition, Tax Loss Carry-Forward -- Market Talk

Dow Jones
2025/03/10

0639 GMT - True Corp.'s earnings may benefit from easing competition and tax loss carry-forward, Maybank Securities (Thailand)'s Wasu Mattanapotchanart says in a research report. Competition in Thailand abated in February, with both True and rival Advanced Info Service lowering data quotas, the analyst notes. These data-quota reductions could result in a 3%-7% increase in prepaid average revenue per user over the next two quarters, based on the industry's track record. True's chief financial officer also expects the effective tax rate to be substantially below 20% over the next few years as the telecom operator plans to use tax loss carry-forward. The brokerage has a buy rating and target price of THB14.20 on the shares, which are 0.9% lower at THB10.90. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

March 10, 2025 02:39 ET (06:39 GMT)

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