บทวิเคราะห์ (Research)

TRUE : Estimated damages smaller than market cap loss We maintain a BUY rating and Bt14.7 TP for TRUE. The company has lost almost Bt24b (Bt0.7/share) market cap yesterday, which seems excessive given they would have to pay no more than Bt5.6b (or Bt0.16/share from our estimate) to NT (formerly TOT) if they lose the legal case involving loss of revenues during 2000-2005. TRUE remains an appealing growth stock as we expect earnings to grow by 25% yoy in FY25F after turning profitable again in 2024.