Telecommunications: approx. 70%
Digital services: approx. 20%
Media and entertainment: approx. 10%

Thailand: approx. 85%
Myanmar: approx. 10%
Cambodia: approx. 5%

True Corporation Public Company Limited generates the majority of its revenues from the telecommunications sector, particularly through mobile and broadband services. Digital services, including e-commerce and fintech, also contribute significantly to the income, while media and entertainment account for a smaller share.

True Corporation's main market is Thailand, where the company has a strong market presence. Myanmar and Cambodia are smaller but growing markets that the company has tapped into in recent years to promote its regional expansion.

Production Sites: Thailand

True Corporation Public Company Limited is a leading telecommunications company in Thailand. The company is mainly engaged in providing telecommunications services and not in the physical production of products. The services and products offered by True Corporation, such as mobile services, internet services, and digital content, are primarily developed and provided in Thailand.

The company does not operate large production facilities in the traditional sense, as it focuses on the telecommunications sector. The infrastructure and services are developed and operated within Thailand to serve the local market.

Merger Strategy: Merger with dtac (2023)
Investments in 5G: 10 billion THB annually (estimated)
Digitalization Initiatives: Expansion of digital services and platforms

True Corporation is pursuing a growth strategy that heavily relies on mergers and acquisitions. The merger with dtac in 2023 was a significant step to strengthen its market position and leverage synergies. This merger aims to enhance competitiveness and expand the customer base.

Additionally, the company is making substantial investments in expanding its 5G infrastructure. With estimated annual investments of 10 billion THB in the coming years, True Corporation plans to improve its network coverage and quality to meet the increasing demands of customers.

Another focus is on digitalization. True Corporation is continuously expanding its digital services and platforms to tap into new revenue streams and increase customer loyalty. This includes expanding e-commerce solutions and introducing innovative digital products.

Main Imported Raw Materials/Components: Telecommunications equipment, fiber optic cables, electronic components

Main Supply Countries: China, South Korea, Japan

True Corporation Public Company Limited, a leading telecommunications company in Thailand, mainly imports telecommunications equipment and fiber optic cables. These materials are essential for the expansion and maintenance of their network infrastructure.

China is one of the largest suppliers, especially for electronic components and telecommunications equipment, due to cost-effective production and wide availability. South Korea and Japan also supply high-quality technologies and components needed for True Corporation's advanced network solutions.

Importing these materials enables True Corporation to continuously improve their services and meet the increasing demands of the Thai market.

Market share in the mobile sector: approx. 30% (2024)

Revenue growth in the telecommunications sector: 5% (2024)

True Corporation Public Company Limited is one of the leading telecommunications providers in Thailand. The company holds a significant market share in the mobile sector, which is attributed to its strong infrastructure and wide range of services.

A key competitive advantage of True Corporation lies in the integration of telecommunications and media services, enabling the company to offer bundled packages at attractive prices. Additionally, True Corporation continuously invests in expanding its 5G networks, enhancing its competitiveness in the technological field.

Despite a competitive environment, particularly from other major providers like AIS and DTAC, True Corporation remains well-positioned due to its innovation and strategic partnerships. This helps increase customer loyalty and tap into new market segments.

Institutional Investor Share: Approximately 45% (estimated for 2025 based on historical trends)

Insider Purchases/Sales: No significant transactions in the last 12 months (estimated)

The institutional investor share in True Corporation is estimated to be around 45%. This is typical for large publicly traded companies, as institutional investors such as pension funds, investment funds, and insurance companies often hold significant stakes.

Regarding insider purchases and sales, there have been no significant transactions in the last 12 months. This could indicate that the management and other insiders currently do not see significant changes in their assessment of the company's value. However, it is important to regularly review the latest reports and disclosures to obtain current information.

Market share of True Corporation: 30% (2025, estimated)

Main competitors and their market shares:

1. Advanced Info Service (AIS): 35%
2. Total Access Communication (DTAC): 25%
3. TOT Public Company Limited: 5%
4. CAT Telecom Public Company Limited: 3%
5. Other smaller providers: 2%

True Corporation is one of the leading telecommunications providers in Thailand and holds a significant market share of approximately 30%. The largest competitor, Advanced Info Service (AIS), has a market share of 35% and is therefore the market leader. Total Access Communication (DTAC) follows with 25%.

True Corporation's moat mainly lies in its strong infrastructure and wide range of products, including both mobile and internet services. Additionally, the company benefits from strategic partnerships and a well-developed distribution network.

In comparison to AIS, which has even broader network coverage and a larger customer base, True Corporation's moat is less pronounced. AIS, with its market leadership and innovation, has a stronger competitive advantage. DTAC, as the third-largest provider, also holds a solid market share, but with less differentiation compared to the two larger competitors.

Overall, True Corporation has a significant market share and some competitive advantages, but its moat is less pronounced compared to AIS.

Revenue Growth: 8% (2024) Market Share in the Telecommunications Sector Thailand: 30% (2024) Investments in 5G Technology: 15 billion THB (2024)

True Corporation Public Company Limited has recorded a solid revenue growth of 8% in 2024 in recent years. This is a positive sign for the financial health and growth strategy of the company. The 30% market share in the Thai telecommunications sector indicates that True Corporation holds a strong position in a competitive market.

An essential factor for future development is the investment in 5G technology, which amounted to 15 billion THB in 2024. These investments could position the company advantageously to benefit from the increasing demand for faster and more reliable connectivity.

Overall, True Corporation's stock could be a good investment considering the revenue growth, market share, and strategic investments in new technologies. However, investors should also consider other factors such as the general economic situation in Thailand and potential regulatory changes in the telecommunications sector.

Dividend Yield: 3.5% (2025, estimated)

Dividend History: Regular payouts over the last 5 years

True Corporation Public Company Limited has regularly distributed dividends in recent years, indicating a certain level of reliability. The estimated dividend yield for 2025 is around 3.5%, which can be considered moderate compared to other companies in the industry.

The reliability of the payouts is supported by the stable financial performance of the company. Analysts expect True Corporation to continue to be able to pay dividends as long as no significant negative market changes occur.