True Corp. Set to Benefit From Wins of Two Spectrum Bands in Thailand -- Market Talk

Dow Jones
2025/07/02

0439 GMT - True Corp. stands to benefit from wins of the 2300 megahertz and 1500 megahertz spectrum bands in Thailand, CGS International's Weerapat Wonk-Urai says in a research report. The telecom-tech company's total spectrum acquisition cost is THB26.42 billion, 12% below the brokerage's estimate of THB30 billion. CGS International lifts its 2025-2027 EPS forecasts for True Corp. by 6.0%-28.7% to reflect the recent spectrum auction results, and raises the stock's target price to THB14.10 from THB13.50. It also upgrades the rating from hold to add, partly thanks to a more favorable competitive landscape in Thailand's telecom industry following the spectrum auction. Shares are 0.9% lower at THB11.10. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 02, 2025 00:39 ET (04:39 GMT)

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