UOB Kay Hian raises target for True Corp stock to THB 16.50

Published on 10/14/2026 at 02:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB Kay Hian sees 9.00 percent EBITDA growth in 2026. Its 3Q26 core profit forecast for True Corp stock is THB 6.90 billion for the quarter.

Target revisions and earnings dates

UOB Kay Hian lifted its target from THB 15.70 to THB 16.50 on October 2, 2026.
Analysts forecast 9.00 percent EBITDA growth for 2026.
True Corp is scheduled to report results on November 2, 2026.

True Corp, THB231010000, Illustration mit AI erstellt.

True Corp (ISIN THB231010000) had its analyst target raised from THB 15.70 to THB 16.50 on October 2, 2026. The change came from UOB Kay Hian, which retained its Buy rating while pointing to continued mobile and broadband growth.

Three target changes in sequence

On June 30, 2026, True Corporation's reviewed consolidated financial reporting covered the second quarter of 2026, according to the SEC Thailand. The filing establishes the latest reported interim period for the telecom group.

On September 29, 2026, Maybank Securities kept its THB 16.60 target and projected core profit growth of 44.00 percent in 2026, as Kaohoon International reported. On October 2, 2026, UOB Kay Hian then lifted its target to THB 16.50 from THB 15.70, according to TradingView.

What does the target reset imply?

UOB Kay Hian said True Corp could achieve 9.00 percent EBITDA growth in 2026, supported by mobile and broadband operations and lower finance costs. The same report put the target at THB 16.50, giving the forecast a concrete earnings and valuation link rather than relying only on revenue expansion.

Maybank forecast third-quarter 2026 core profit of THB 6.90 billion, up 55.00 percent year over year and 4.00 percent quarter over quarter. Its estimates also included a 3.30 percent decline in selling, general and administrative costs after heavier marketing spending in the second quarter, according to Kaohoon International.

Results are due November 2

True Corp is scheduled to report its third-quarter 2026 results on November 2, 2026, according to the September 29 analyst report carried by LINE Today. The report forecast normal profit of THB 6.95 billion, up 52.00 percent year over year, with service revenue and cost control as the main drivers.

SET price and valuation context

True Corp was last quoted at THB 12.40 on the SET on October 12, 2026, with a 52-week range of THB 10.20 to THB 15.00 and market capitalization of THB 428.4 billion. The price was 17.33 percent below the 52-week high, calculated from the same currency values.

The combination of a THB 16.50 UOB Kay Hian target, a THB 6.90 billion third-quarter profit forecast and the November 2 reporting date gives investors three measurable checkpoints for the next results cycle.