Company Summary
TRUE TRUE CORPORATION PUBLIC COMPANY LIMITED
Technology/Information & Communication Technology
SET50 / SETTHSI
CG Report:   
 
  Data as of 17 Jul 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
6.55 6.85 / 4.50 24.48 1.75 133,472.78 218,561.68 572,205.64 10,208.28 10.03
News
Date/Time Subject
19 Jun 2019 12:30   Notification of the acquisition of the 700 MHz frequency spectrum license
14 Jun 2019 17:12   Notification of the Resolutions of the Board of Directors Meeting
04 Jun 2019 17:23   Notification of material progress of the dispute in relation to deduction of the Interconnection Charges from revenue sharing
31 May 2019 18:49   Report on the material progress of the dispute in relation to access charges
14 May 2019 22:28   Notification of the entering into transactions with Digital Telecommunications Infrastructure Fund by the Company's subsidiaries
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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 2018
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 are categorized as follows: >> TrueMove H, providing a full range of mobile services with exceptional network quality and coverage through 4G, 3G, 2G and Narrowband IoT (NB-IoT) networks nationwide leveraging on its comprehensive spectrum portfolio; >> TrueOnline, providing broadband internet services and solutions, business data services, data gateways and value-added services through advanced fiber techonology; >> TrueVisions, providing broadcasting services including Pay TV, high-definition (?HD?) TV, 4K and digital terrestrial TV services with an extensive range of quality international and local contents as well as content production business; and >> True Digital Group, offering a portfolio of digital services, which present strong growth opportunities as the momentum of digitization continues to rise. These services leverage its digital media platform, O2O and Privilege platform, Data Analytics and IoT capabilities.

    Free Float 15 Mar 2019 15 Mar 2018
    % /Shareholders
    31.85% 78,524 31.23% 70,272
    Foreign Shareholders 43.00% (As of 17/07/2019) Foreign Limit 49.00%
    NVDR Shareholders  6.86% (As of 17/07/2019)
    5 Yr Price Performance (Adjusted Price)
    Price Performance (Adjusted Price) Compare to Stock (%) Compare to Sector (%) Compare to Market (%)
    5 Days 18.02 13.64 18.20
    20 Days 25.96 13.09 22.18
    60 Days 25.96 12.05 22.62
    120 Days 39.96 8.64 28.68
    YTD 25.96 -0.56 14.60
    P/E (X) 24.48 26.99 18.52
    P/BV (X) 1.75 3.01 1.88
    Turnover Ratio (%) 0.65 0.55 1.06

    Top 10 Major Shareholders(@15 Mar 2019) Share %
    1. บริษัท เครือเจริญโภคภัณฑ์ จำกัด 6,132,085,556 18.38
    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 2,037,722,864 6.11
    5. CHINA MOBILE INTERNATIONAL HOLDINGS LIMITED 1,510,489,392 4.53
    6. CREDIT SUISSE AG, SINGAPORE BRANCH 1,465,475,770 4.39
    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 701,222,313 2.10

    Management Position
    1. Mr. SUPHACHAI CHEARAVANONT CHAIRMAN OF THE BOARD / CHAIRMAN OF THE EXECUTIVE COMMITTEE
    2. Mr. AJVA TAULANANDA VICE CHAIRMAN
    3. Mr. ZHENGMAO LI VICE CHAIRMAN OF THE BOARD
    4. Dr. KITTINUT TIKAWAN PRESIDENT (CO)
    5. Mr. SIRIPOJ KUNAKORNPHAN PRESIDENT (CO)
    6. Mr. VICHAOW RAKPHONGPHAIROJ DIRECTOR
    7. Mr. WARAPATR TODHANAKASEM DIRECTOR
    8. Mr. UMROONG SANPHASITVONG DIRECTOR
    9. Mr. CHATCHAVAL JIARAVANON DIRECTOR
    10. Mr. NARONG CHEARAVANONT DIRECTOR
    11. Mr. XIA BING DIRECTOR
    12. Mr. ADHIRUTH THOTHAVEESANSUK DIRECTOR
    13. Mr. KOSOL PETCHSUWAN INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    14. Mr. JOTI BHOKAVANIJ INDEPENDENT DIRECTOR / CHAIRMAN OF THE AUDIT COMMITTEE
    15. Mr. RAWAT CHAMCHALERM INDEPENDENT DIRECTOR
    16. Mr. HARALD LINK INDEPENDENT DIRECTOR
    17. Mr. GENLUO XU INDEPENDENT DIRECTOR
    18. Mrs. PREEPRAME SERIWONGSE INDEPENDENT DIRECTOR / AUDIT COMMITTEE
    Accumulated: Turnover Ratio, Value Trade/Day
    Statistics YTD
    17 Jul 2019    		 2018
    28 Dec 2018    		 2017
    29 Dec 2017
    Listed share (M.) 33,368.20  33,368.20  33,368.20 
    Market Cap (MB.) 218,561.68  173,514.62  206,882.81 
    Price (B./share) 6.55  5.20  6.20 
    BVPS (B./Share) 3.75  4.27  3.84 
    P/BV (X) 1.75  1.22  1.62 
    P/E (X) 24.48  11.23  N/A 
    Turnover Ratio (%) 49.12  101.79  84.47 
    Value Trade/Day (MB.) 649.94  910.09  717.62 
    Beta 1.41  1.42  1.79 
     
    Rate of Return YTD  2018  2017 
    Price Change (%) 25.96  -16.13  -13.29 
    Dividend Yield (%) 1.37  0.60  N/A 
    Payout Ratio 0.34  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 2018 - 31 Dec 2018 0.09 Baht 29 May 2019 Cash
    01 Jan 2017 - 31 Dec 2017 0.031 Baht 25 May 2018 Cash
     
    Auditor
    (Effective Until 31/12/2019)
    MR. PISIT THANGTANAGUL/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. PAIBOON TUNKOON/PRICEWATERHOUSE COOPERS ABAS LIMITED
    MR. BOONLERT KAMOLCHANOKKUL/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.) 3M/2019 
    (01/01/19 
    -31/03/19)     		 3M/2018 
    (01/01/18 
    -31/03/18)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16) 
    Cash 22,619.97 8,642.10 20,671.76 18,226.74 50,183.81
    A/R Net 67,838.55 55,812.76 55,188.37 49,439.13 32,749.15
    Inventories 6,842.16 15,748.45 7,448.86 16,849.08 11,251.97
    Current Assets 123,813.32 114,228.57 124,692.50 117,811.53 122,678.32
    PP&E Net 210,946.56 178,461.29 205,811.95 175,462.31 143,688.35
    Total Assets 501,389.68 463,218.23 495,568.69 465,310.94 448,960.46
    OD - 56,232.66 84,908.79 46,752.38 37,571.67
    A/P Net 171,443.72 60,041.24 66,315.36 67,540.23 64,421.77
    Current portion of LT 1,608.80 26,847.48 2,361.28 30,777.81 20,653.96
    Current Liabilities 231,929.56 200,380.96 204,260.37 197,913.20 160,843.81
    Non-Current Liabilities 143,756.82 129,032.36 157,424.81 133,194.99 156,388.71
    Total Liabilities 375,686.38 329,413.33 361,685.18 331,108.18 317,232.52
    Authorized Capital 133,474.62 133,472.78 133,472.78 133,474.62 133,474.62
    Paid-Up Capital 133,472.78 133,472.78 133,472.78 133,472.78 133,472.78
    Premium (Discount) on Share Capital 26,384.07 26,384.07 26,384.07 26,384.07 26,384.07
    Other Surplus (Deficit) - -1,638.57 -1,654.77 -1,650.32 -1,809.49
    Retained Earnings (Deficit) -33,131.90 -25,069.22 -24,920.11 -24,682.53 -27,005.06
    Treasury Stock - - - - -
    Shareholders' Equity 125,125.75 133,158.03 133,290.84 133,533.20 131,052.21
    Minority Interest 577.55 646.88 592.67 669.55 675.73
    more
    Statement of Comprehensive Income (MB.) 3M/2019 
    (01/01/19 
    -31/03/19)     		 3M/2018 
    (01/01/18 
    -31/03/18)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16) 
    Sales 32,954.51 33,286.48 161,820.31 141,290.46 124,719.20
    Other Income 371.37 784.31 11,916.12 3,158.53 1,830.08
    Total Revenues 35,464.93 35,090.80 177,525.69 147,602.80 131,157.90
    COGs 25,003.95 24,323.84 105,779.53 102,096.02 95,599.65
    SG&A 6,421.37 8,419.20 33,753.26 31,475.04 27,815.71
    Total Expenses 31,817.95 33,897.51 157,081.19 135,676.94 127,308.91
    EBITDA 10,208.28 10,248.99 57,117.04 48,192.41 31,928.75
    Depre. & Amor. 6,561.30 9,055.69 36,672.54 36,266.56 28,079.76
    EBIT 3,646.98 1,193.29 20,444.50 11,925.85 3,848.99
    Net Profit 1,508.69 -386.69 7,034.59 2,322.53 -2,814.35
    EPS (B.) 0.05 -0.01 0.21 0.07 -0.09
    more
    Statement of Cash Flow (MB.) 3M/2019 
    (01/01/19 
    -31/03/19)     		 3M/2018 
    (01/01/18 
    -31/03/18)     		 2018 
    (01/01/18 
    -31/12/18)     		 2017 
    (01/01/17 
    -31/12/17)     		 2016 
    (01/01/16 
    -31/12/16) 
    Operating Cash Flow 1,172.99 3,300.42 37,928.82 4,993.34 8,096.13
    Investing Cash Flow -9,888.01 -17,742.58 -61,169.26 -42,049.77 -45,411.98
    Financing Cash Flow 10,626.33 4,850.94 25,661.68 5,114.47 76,965.76
    Net Cash Flow 1,911.31 -9,591.22 2,421.25 -31,941.95 39,649.91
    more
    Annualized: ROE, ROA
    Ratios 3M/2019  3M/2018  2018  2017 
    Current Ratio (X) 0.53 0.57 0.61 0.60
    ROE (%) 6.91 2.35 5.27 1.76
    ROA (%) 4.75 2.51 4.26 2.61
    D/E (X) 3.00 2.47 2.71 2.48
    Total Asset Turnover (X) 0.37 0.31 0.37 0.32
    Gross Profit Margin (%) 24.13 26.93 34.63 27.74
    EBIT Margin (%) 10.28 3.40 11.52 8.08
    Net Profit Margin (%) 4.25 -1.10 3.96 1.57

    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 (%) 3M/2019  3M/2018  2018  2017 
    Sales Growth -1.00 2.56 14.53 13.29
    COGs Growth 2.80 -3.30 3.61 6.80
    Total Revenue Growth 1.07 -4.43 20.27 12.54
    Total Expense Growth -6.13 -3.82 15.78 6.57
    Net Profit Growth N/A N/A 202.89 N/A

    Annualized
    Cash Cycle 3M/2019  3M/2018  2018  2017 
    A/R Turnover (Times) 2.61 3.15 3.09 3.44
    Avg. Collection Period (Days) 139.74 115.75 118.00 106.16
    Inventory Turnover (Times) 9.43 6.67 8.71 7.27
    Avg. Inventory Period (Days) 38.73 54.76 41.92 50.23
    A/P Turnover (Times) 0.92 1.70 1.58 1.55
    Avg. Payment Period (Days) 396.83 214.62 230.94 235.89
    Cash Cycle (Days) -218.36 -44.10 -71.02 -79.50


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    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.
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