บทวิเคราะห์ (Research)

TRUE : Earnings result - Little impact from losing EPL broadcast rights We maintain a BUY rating and Bt14.7 TP for TRUE. The company will lose its right to broadcast the EPL from next season onwards but the impact would be minimal relative to TRUE’s earnings, specifically next year as it would only hit in 3Q25 and the transition to the new platform will take time. And, the EPL broadcasting rights contributed only 0.6% of group revenue in FY23. We maintain that bottom-line will reverse to Bt9b profit this year (from losses) and Bt11.3b next year (+25% yoy).