Company Summary
TRUE TRUE CORPORATION PUBLIC COMPANY LIMITED
Technology/Information & Communication Technology
SET50 / SETTHSI
CG Report:   
 
  Data as of 20 Feb 2019  
Price (B.) 52 Week High/Low P/E (X) P/BV (X) Paid-up (MB.) Market Cap (MB.) EV (MB.) EBITDA (MB.) EV/EBITDA
5.30 8.05 / 4.50 11.45 1.24 133,472.78 176,851.44 494,464.71 21,751.88 12.41
News
Date/Time Subject
17 Jan 2019 12:31   True does not plan to participate in the 5G 700 MHz spectrum auction, awaiting more clarity on the 900 MHz payment extension
04 Jan 2019 17:02   Notification of the Dissolution of a Subsidiary
26 Dec 2018 12:56   Report on material progress of the dispute in relation to interconnection charges
12 Dec 2018 17:03   The Board of Directors' resolution regarding the Sale of Thai Smart Card Co., Ltd. shares to CP All Public Company Limited
27 Nov 2018 17:01   The Company's Holidays for the Year 2019
more

Company Profile
Address TRUE TOWER, 18 RATCHADAPHISEK ROAD, HUAI KHWANG Bangkok 10310
Telephone 0-2859-1111
Fax 0-2859-9134
URL http://www.truecorp.co.th
  Annual Report 2017
Establish Date 13/11/1990 Listed Date 22/12/1993
IPO Price (Baht) 55.00 @Par10.00 Baht
IPO Financial Advisory
  • MEC FAR EAST INTERNATIONAL PUBLIC COMPANY LIMITED
  • PHATRA THANAKIT PUBLIC COMPANY LIMITED
  • THANACHART CAPITAL PUBLIC COMPANY LIMITED
    		•
    Par 4.00 Baht
    Last Par Change Old 10.00 : New 4.00 @ 01/10/2015

    Business
    True Group?s core businesses have been organized into the following categories: >> TrueMove H, providing a full range of mobile services with superior network quality and coverage through 4G, 3G and 2G networks nationwide leveraging on its most comprehensive spectrum portfolio; >> TrueOnline, providing broadband internet services and solutions, business data services, data gateways and value-added services such as fixed-line phone through advanced fiber technology; >> TrueVisions, providing Pay TV, high-definition (?HD?) TV, and digital TV services with a comprehensive range of quality international, local and self-produced contents; and >> Digital platform and offerings, focusing on innovation, digital products and services as well as solutions utilizing cutting-edge technologies including TrueID, Internet of Things (?IoT?), Analytics and Artificial Intelligence (?AI?).

    Free Float 15 Mar 2018 16 Mar 2017
    % /Shareholders
    31.23% 70,272 31.63% 84,276
    Foreign Shareholders 43.51% (As of 20/02/2019) Foreign Limit 49.00%
    NVDR Shareholders  6.38% (As of 20/02/2019)
    3 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 2.91 2.89 2.73
    20 Days 12.77 4.79 8.54
    60 Days -7.83 -9.66 -9.69
    120 Days -15.20 -9.22 -12.31
    YTD 1.92 -4.16 -3.13
    P/E (X) 11.45 19.45 16.03
    P/BV (X) 1.24 2.49 1.85
    Turnover Ratio (%) 0.18 0.22 0.66

    Top 10 Major Shareholders(@15 Mar 2018) Share %
    1. บริษัท เครือเจริญโภคภัณฑ์ จำกัด 6,546,606,286 19.62
    2. CHINA MOBILE INTERNATIONAL HOLDINGS LIMITED 4,495,868,474 13.47
    3. UBS AG HONG KONG BRANCH 3,008,177,480 9.02
    4. บริษัท ไทยเอ็นวีดีอาร์ จำกัด 2,434,778,754 7.30
    5. CHINA MOBILE INTERNATIONAL HOLDINGS LIMITED 1,510,489,392 4.53
    6. CREDIT SUISSE AG, SINGAPORE BRANCH 1,462,875,770 4.38
    7. บริษัท ยูนีค เน็ตเวิร์ค จำกัด 1,451,856,440 4.35
    8. WORTH ACCESS TRADING LIMITED 1,017,598,244 3.05
    9. บริษัท ไวด์ บรอด คาสท์ จำกัด 949,098,378 2.84
    10. บริษัท ซี.พี.อินเตอร์ฟู้ด (ไทยแลนด์) จำกัด 544,972,313 1.63

    Management Position
    1. Mr. DHANIN CHEARAVANONT CHAIRMAN
    2. Mr. SUPHACHAI CHEARAVANONT CHAIRMAN OF THE EXECUTIVE COMMITTEE / DIRECTOR
    3. Mr. AJVA TAULANANDA VICE CHAIRMAN
    4. Mr. ATHUECK ASVANUND VICE CHAIRMAN
    5. Mr. ZHENGMAO LI VICE CHAIRMAN OF THE BOARD
    6. Mr. VICHAOW RAKPHONGPHAIROJ PRESIDENT / DIRECTOR
    7. Dr. KITTINUT TIKAWAN PRESIDENT
    8. Mr. WARAPATR TODHANAKASEM DIRECTOR
    9. Mr. UMROONG SANPHASITVONG DIRECTOR
    10. Mr. CHATCHAVAL JIARAVANON DIRECTOR
    11. Mr. SOOPAKIJ CHEARAVANONT DIRECTOR
    12. Mr. NARONG CHEARAVANONT DIRECTOR
    13. Mr. XIA BING DIRECTOR
    14. Mr. KOSOL PETCHSUWAN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    15. Mr. JOTI BHOKAVANIJ INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    16. Mr. RAWAT CHAMCHALERM INDEPENDENT DIRECTOR
    17. Mr. HARALD LINK INDEPENDENT DIRECTOR
    18. Mr. GENLUO XU INDEPENDENT DIRECTOR
    19. Mrs. PREEPRAME SERIWONGSE INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    20 Feb 2019    		 2018
    28 Dec 2018    		 2017
    29 Dec 2017
    Listed share (M.) 33,368.20  33,368.20  33,368.20 
    Market Cap (MB.) 176,851.44  173,514.62  206,882.81 
    Price (B./share) 5.30  5.20  6.20 
    BVPS (B./Share) 4.27  4.27  3.84 
    P/BV (X) 1.24  1.22  1.62 
    P/E (X) 11.45  11.23  N/A 
    Turnover Ratio (%) 13.32  101.79  84.47 
    Value Trade/Day (MB.) 631.52  910.09  717.62 
    Beta 1.38  1.42  1.79 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 1.92  -16.13  -13.29 
    Dividend Yield (%) 0.58  0.60  N/A 
    Payout Ratio 0.07  0.07  N/A 
    Dividend Policy At least 50% of net profit of the Company statement in each year (with additional conditions)

    Dividend
    Operation Period Dividend/Share Unit Payment Date Type
    01 Jan 2017 - 31 Dec 2017 0.031 Baht 25 May 2018 Cash
    01 Jan 2015 - 31 Dec 2015 200.00 : 3.00 Share 04 May 2016 Stock
    01 Jan 2015 - 31 Dec 2015 0.00667 Baht 04 May 2016 Cash
     
    Auditor
    (Effective Until 31/12/2018)
    MR. CHANCHAI CHAIPRASIT/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. PISIT THANGTANAGUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. PRASIT YUENGSRIKUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    		F/S Year ended 31/12
    Latest Type of Report Unqualified opinion with an emphasis of matters
    Financial Data
    Statement of Financial Position (MB.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Cash 30,361.79 31,668.67 18,226.74 50,183.81 10,590.38
    A/R Net 73,119.42 40,234.99 49,439.13 32,749.15 32,808.15
    Inventories 10,638.31 14,459.49 16,849.08 11,251.97 8,294.58
    Current Assets 143,812.07 117,691.00 117,811.53 122,678.32 77,860.69
    PP&E Net 179,732.62 167,759.96 175,462.31 143,688.35 98,456.93
    Total Assets 490,525.27 462,061.12 465,310.94 448,960.46 282,844.27
    OD - 54,352.15 46,752.38 37,571.67 29,927.21
    A/P Net 120,264.08 63,219.83 67,540.23 64,421.77 40,619.90
    Current portion of LT 2,261.97 30,522.35 30,777.81 20,653.96 12,602.57
    Current Liabilities 193,428.81 192,196.27 197,913.20 160,843.81 111,800.59
    Non-Current Liabilities 153,901.71 141,103.88 133,194.99 156,388.71 95,837.14
    Total Liabilities 347,330.52 333,300.15 331,108.18 317,232.52 207,637.73
    Authorized Capital 133,474.62 133,474.62 133,474.62 133,474.62 98,431.71
    Paid-Up Capital 133,472.78 133,472.78 133,472.78 133,472.78 98,431.71
    Premium (Discount) on Share Capital 26,384.07 26,384.07 26,384.07 26,384.07 -
    Other Surplus (Deficit) - -1,701.45 -1,650.32 -1,809.49 -1,806.54
    Retained Earnings (Deficit) -15,681.80 -30,093.54 -24,682.53 -27,005.06 -22,086.96
    Treasury Stock - - - - -
    Shareholders' Equity 142,550.21 128,071.33 133,533.20 131,052.21 74,547.45
    Minority Interest 644.54 689.65 669.55 675.73 659.08
    more
    Statement of Comprehensive Income (MB.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Sales 129,022.80 100,539.12 141,290.46 124,719.20 118,780.68
    Other Income 10,257.77 2,849.50 3,158.53 1,830.08 2,754.73
    Total Revenues 142,118.19 106,043.09 147,602.80 131,157.90 122,949.39
    COGs 77,915.80 76,192.95 102,096.02 95,599.65 90,577.40
    SG&A 25,733.70 23,015.29 31,475.04 27,815.71 23,022.26
    Total Expenses 120,366.31 102,986.85 135,676.94 127,308.91 114,769.03
    EBITDA 21,751.88 30,105.00 48,192.41 31,928.75 28,125.36
    Depre. & Amor. - 27,048.76 36,266.56 28,079.76 19,945.00
    EBIT 21,751.88 3,056.24 11,925.85 3,848.99 8,180.36
    Net Profit 10,035.08 -3,088.48 2,322.53 -2,814.35 4,411.52
    EPS (B.) 0.30 -0.09 0.07 -0.09 0.18
    more
    Statement of Cash Flow (MB.) 9M/2018 
    (01/01/18 
    -30/09/18)     		 9M/2017 
    (01/01/17 
    -30/09/17)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16)     		 2015 
    (01/01/15 
    -31/12/15) 
    Operating Cash Flow 42,825.63 -4,838.33 4,993.34 8,096.13 3,333.05
    Investing Cash Flow -37,683.83 -27,068.93 -42,049.77 -45,411.98 -49,753.59
    Financing Cash Flow 6,971.16 13,402.96 5,114.47 76,965.76 50,353.77
    Net Cash Flow 12,112.96 -18,504.30 -31,941.95 39,649.91 3,933.22
    more
    Annualized: ROE, ROA
    Ratios 9M/2018  9M/2017  2017  2016 
    Current Ratio (X) 0.74 0.61 0.60 0.76
    ROE (%) 11.42 -3.63 1.76 -2.74
    ROA (%) 6.43 0.63 2.61 1.05
    D/E (X) 2.44 2.60 2.48 2.42
    Total Asset Turnover (X) 0.39 0.31 0.32 0.36
    Gross Profit Margin (%) 39.61 24.22 27.74 23.35
    EBIT Margin (%) 15.31 2.88 8.08 2.93
    Net Profit Margin (%) 7.06 -2.91 1.57 -2.15

    Information only PP, PO, XR and XD
    Capital Movement (Last 3 Year)
    Date CA Type Changed paid up share Paid up share Par
    21 Jun 2016 XR 1,462,100,610 26,439,114,253 4.00
    11 May 2016 XD 369,085,493 24,977,013,643 4.00

    Growth Rate (%) 9M/2018  9M/2017  2017  2016 
    Sales Growth 28.33 11.02 13.29 5.00
    COGs Growth 2.26 8.63 6.80 5.54
    Total Revenue Growth 34.02 10.50 12.54 6.68
    Total Expense Growth 16.88 12.05 6.57 10.93
    Net Profit Growth N/A N/A N/A N/A

    Annualized
    Cash Cycle 9M/2018  9M/2017  2017  2016 
    A/R Turnover (Times) 3.00 3.45 3.44 3.80
    Avg. Collection Period (Days) 121.85 105.75 106.16 95.93
    Inventory Turnover (Times) 8.27 8.44 7.27 9.78
    Avg. Inventory Period (Days) 44.12 43.23 50.23 37.31
    A/P Turnover (Times) 1.13 1.62 1.55 1.82
    Avg. Payment Period (Days) 322.54 225.34 235.89 200.52
    Cash Cycle (Days) -156.57 -76.36 -79.50 -67.28


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    Only Preferred Share and Warrants
    Other Securities
    Securities Name -

    Remark - Calculated from adjusted price
      - Presented and calculated from the consolidated statement and displayed as cumulative quarterly statement by fiscal year (Company statement will be presented and calculated incase consolidated statement is not available.)
      - The information is quarterly updated within 7 business days after the new financial statement is submitted.
      -
         		 Information on the financial statements is presented according to the information that the listed companies submit on that period. The investors should study additional information from the companies' financial statements since some companies may restate the comparing financial statements on the latest financial statements.
    Source: www.set.or.th (Copyright © The Stock Exchange of Thailand)
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