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MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  True Corporation    TRUE   TH0375010Z06

TRUE CORPORATION

(TRUE)
  Report
End-of-day quote. End-of-day quote Stock Exchange of Thailand - 11/26
3.34 THB   0.00%
11/13TRUE : Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020
PU
11/13TRUE : Financial Performance Quarter 3 (F45) (Reviewed)
PU
11/10TRUE CORPORATION : quaterly earnings release
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

True : Thailandís CP Group expands e-commerce with purchase of HK-based Chilindo

08/07/2020 | 06:59am EST

BANGKOK, Aug 7 (Reuters) - Thailand’s top agro-industrial conglomerate, Charoen Pokphand Group, said on Friday it will buy Hong Kong-based e-commerce platform Chilindo for $18 million, expanding its digital business as consumer behaviour changes.

The acquisition by the company's digital arm, Ascend Commerce, will complement its online shopping WeMall platform and develop Thailand's digital economy as the e-commerce market grows amid the novel coronavirus pandemic, chief executive Suphachai Chearavanont said in a statement.

WeMall competes with Alibaba’s Lazada, Sea's Shopee and JD Central, a joint venture between top retailers, Central Group and JD.com.

Thailand is well-known for online shoppers buying directly from merchants through social media platforms like Instagram.

"Chilindo’s plan to enter the international e-commerce market will increase the ability of Thai e-commerce brands to compete on an international level," Suphachai added as telecommunication operators roll out 5G technology.

CP Group owns Thailand’s second-largest telco operator, True Corporation Pcl, which won 5G licenses in February. (Reporting by Chayut Setboonsarng Editing by Robert Birsel)


© Reuters 2020
All news about TRUE CORPORATION
11/13TRUE : Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020
PU
11/13TRUE : Financial Performance Quarter 3 (F45) (Reviewed)
PU
11/10TRUE CORPORATION : quaterly earnings release
10/02TRUE PUBLIC : Reporting Share Repurchase form for financial management purposes ..
PU
09/30British house price boom to fizzle out next year - Reuters poll
RE
09/30Emissions crunch drives VW to overhaul its supercar strategy
RE
09/29NOTIFICATION OF THE RESOLUTIONS OF T : Disposition of investment units in the Di..
PU
09/26Thailand tackles unemployment with million jobs expo
RE
09/25TRUE PUBLIC : Proposal for Agenda Item and Director Nominee in advance for the A..
PU
08/26TRUE PUBLIC : Notification on Establishment of a New Subsidiary
PU
More news
Financials
Sales 2020 140 B 4 612 M 4 612 M
Net income 2020 256 M 8,44 M 8,44 M
Net Debt 2020 161 B 5 306 M 5 306 M
P/E ratio 2020 -171x
Yield 2020 0,43%
Capitalization 110 B 3 637 M 3 634 M
EV / Sales 2020 1,94x
EV / Sales 2021 2,45x
Nbr of Employees -
Free-Float 47,8%
Chart TRUE CORPORATION
Duration : Period :
True Corporation Technical Analysis Chart | TRUE | TH0375010Z06 | MarketScreener
Technical analysis trends TRUE CORPORATION
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 3,29 THB
Last Close Price 3,30 THB
Spread / Highest target 63,6%
Spread / Average Target -0,40%
Spread / Lowest Target -45,5%
EPS Revisions
Managers
NameTitle
Suphachai Chearavanont Chief Executive Officer & Director
Anat Mekpaiboonvatana Co-President
Sarit Jinnasith Co-President
Dhanin Chearavanont Chairman
Vichaow Rakphongphairoj Group COO, Director & Head-Network Quality
Sector and Competitors
1st jan.Capitalization (M$)
TRUE CORPORATION-27.39%3 680
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NIPPON TELEGRAPH AND TELEPHONE CORPORATION-9.30%89 113
DEUTSCHE TELEKOM AG3.81%85 411
SAUDI TELECOM COMPANY5.30%57 119