Asia300

True Corp. Public Co., Ltd.

Thailand

  • 1m
  • 3m
  • 6m
  • 1y
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  • 5y
Jul 24, 2017
Prev close: 5.6
Jul 24, 2017
Market cap:
Market cap(USD):
186,861.89M
5,594.66M
Shares: 33,368.19M

Currency in THB

Company profile

Market(Ticker): BKK(TRUE)
Sector:
Industry:
Communications
Specialty Telecommunications
Full time employees: --

Business summary

True Corp. Public Co., Ltd. engages in the telecommunications and communication industries. The company provides telecommunications services and various value added services, which includes digital data network, public telephone, multimedia, Internet service provider, mobile phone service, and pay tv service. It operates through the following segments: TrueMobile Group, TrueOnline and TrueVisions. The TrueMobile Group segment engages in the mobile services through 4G, 3G and 2G networks nationwide under the brand TrueMove H and TrueMove. The TrueOnline segment engages in the fixed line phone and value added services, business data services, Internet, broadband Internet services and WiFi. The TrueVisions segment provides Pay TV and Digital TV businesses. The company was founded on November 13, 1990 and is headquartered in Bangkok, Thailand.

Company background

True Corp. is the telecommunications arm of Thai conglomerate Charoen Pokphand Group, which holds a more than 50% stake. Its mobile services operation is the third-largest in the country. Also under its umbrella is Thailand's largest cable TV operator True Visions and broadband service provider True Online. In September 2014, China's top mobile carrier China Mobile acquired an 18% stake in the company and became its second-largest shareholder after CP Group.

CEO Supachai Chearavanont is the third son of billionaire Dhanin Chearavanont, chairman of the CP Group. Supachai joined the company in 1992 when it was still a fixed-line telephone service provider and took the helm in 1999 at the age of 32. He has since been diversifying the company's operations into cellphones, Internet services and even coffee shops.

Saddled with debts stemming from hefty investments in mobile networks and weak performances in its mobile operations due to sluggish growth in subscribers, the company booked losses for three consecutive years through 2013. Most of the proceeds from the China Mobile deal will be used to pay off this debt.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 124,719.2M
Gross profit 29,119.55M
Operating income -491.61M
Income before tax -6,926.01M
Net income -2,814.35M
EBITDA 27,588.15M
Diluted EPS -0.09
Dividends per share --
Total assets 448,960.46M
Total liabilities 317,232.52M
Total equity 131,052.21M
Operating cash flow 9,653.02M

Currency in THB

Revenue 3,535.06M
Gross profit 825.37M
Operating income -13.93M
Income before tax -196.31M
Net income -79.77M
EBITDA 781.96M
Diluted EPS 0.00
Dividends per share --
Total assets 12,537.11M
Total liabilities 8,858.64M
Total equity 3,659.60M
Operating cash flow 273.60M

Currency in USD

Valuation measures

Dec 2016

PER --
ROA -0.76%
ROE -2.73%
Operating margin -0.39%
Profit margin -2.25%

Key executive

  • President, Chief Executive Officer & Director: Suphachai Chearavanont
  • Group COO, Director & Head-Network Quality: Vichaow Rakphongphairoj
  • Group Chief Operating Officer: Adhiruth Thothaveesansuk
  • Group Chief Financial Officer: William Harris
  • Executive Director & MD-Group Investment: Chatchaval Jiaravanon

Share holders

  • CHEARAVANONT FAMILY(29.1%)
  • China Mobile Ltd.(13.5%)
  • Unique Network Co. Ltd.(5.4%)
  • Wide Broad Cast Co. Ltd.(3.0%)
  • The Vanguard Group, Inc.(0.8%)
  • Charoen Pokphand Foods Public Co. Ltd.(0.5%)
  • JPMorgan Asset Management (Singapore) Ltd.(0.3%)
  • Dimensional Fund Advisors LP(0.2%)
  • TOBAM SAS(0.2%)
  • BlackRock Advisors LLC(0.1%)

Address

  • Website: http://www3.truecorp.co.th
  • Address: 18 True Tower, Ratchadaphisek Road, Bangkok, 10310, Thailand
  • Phone: +66.2.643.1111

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