TRUE.BK
Hot AirTrue Corporation Public Company Limited · Communication Services · Thailand · $13.1B cap · $52.3M/day traded
THB 13.10 +0.0% · close 11 Nov · scored 11 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 11 Nov 2026, the MoatMap Score for True Corporation Public Company Limited (TRUE.BK) is 55/100, ranked against 25,000+ stocks in 38 markets (Quality 46, Value 39, Momentum 65, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT TRUE CORPORATION PUBLIC COMPANY LIMITED
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True Corporation Public Company Limited, together with its subsidiaries, provides telecommunications and value-added services in Thailand. The company operates through Mobile, Pay TV, and Broadband internet and others segments.
FINANCIAL SUMMARY (THB)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 143.7B | 135.1B | — | 206.0B | 195.7B | 8.0% | 187.8B | 188.5B | 192.9B | -0.7% |
| EPS (THB) | -0.04 | -0.55 | — | -0.32 | 0.27 | — | 0.68 | 0.77 | 0.86 | 78.4% |
| Shares | — | 33.4B | 34.6B | 34.6B | 34.6B | +3.5% | 34.6B | — | — | — |
| Debt | — | 401.8B | 477.5B | 436.0B | 433.7B | 2.6% | 428.3B | — | — | — |
| Equity | — | 61.0B | 85.8B | 73.9B | 75.5B | 7.4% | — | — | — | — |
| Op CF | 35.1B | 35.2B | — | 78.4B | 82.1B | 23.7% | 92.8B | — | — | — |
| Inv CF | -56.8B | -50.3B | — | -43.0B | -58.2B | — | — | — | — | — |
| Fin CF | 19.4B | 20.1B | — | -42.2B | -32.9B | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 71% of stocks we rank over the past year (volatility 31% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of TRUE.BK are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| TRUE.BK | True Corporation Public Company Limited(you) | $13.1B | 55 |
| ADVANC.BK | Advanced Info Service Public Company Limited | $29.6B | 69 |
| FSMART.BK | Forth Smart Service Public Company Limited | $144M | 66 |
| SYMC.BK | Symphony Communication Public Company Limited | $86M | 64 |
| ITEL.BK | Interlink Telecom Public Company Limited | $105M | 40 |
| SAMTEL.BK | Samart Telcoms Public Company Limited | $58M | 59 |
| GST.BK | Gulf Space Technology Public Company Limited | $313M | 15 |
| THCOM.BK | Thaicom PCL | $323M | 14 |
| JTS.BK | Jasmine Technology Solution Public Company Limited | $460M | 0 |
| JAS.BK | Jasmine International Public Company Limited | $182M | 13 |
Peer medians: ROE 4.9% · P/E 18.3x · Gross margin 32.2%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.