- True Corporation's recent sale of a 2.8% stake in a telecommunications infrastructure fund puts the company's negative free cash flow and future capital expenditures in the spotlight.
- True Corporation's underlying financial performance in 2Q 2020 was not as good as what its headline numbers suggest.
- On the flip side, competition in the Thai mobile market has eased in 2Q 2020, due to a smaller prepaid subscriber market with fewer tourists and migrant workers.
- True Corporation trades at 8.4 times consensus forward next 12 months' EV/EBITDA, and it offers a consensus forward FY 2021 dividend yield of 0.7%.
For further details see:
True Corporation: Capital Expenditures And Mobile Competition Draw Attention