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

Dow Jones

Jul 02, 2025

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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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2025 00:39 ET (04:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>True Corp. 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Set to Benefit From Wins of Two Spectrum Bands in Thailand -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-02 12:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2025 00:39 ET (04:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065732104.USD","symbol_name":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2548110859","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548110859","pubTimestamp":1751431140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","SPB":"Spectrum Brands Holdings","BK4018":"居家用品"},"translate_title":"真实公司。将受益于泰国两个频谱频段的胜利——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPB":1},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2025 00:39 ET (04:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}