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    TRUE   TH0375010Z06

TRUE CORPORATION

(TRUE)
  Report
End-of-day quote Stock Exchange of Thailand  -  2022-08-10
4.900 THB   -2.00%
08/11TRUE PUBLIC : Resolution of the Exercise of 75 Derivative warrants issued by YUANTA
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08/05SET ADDS NEW LISTED SECURITIES : TRUE13C2212A to be traded on August 8, 2022
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08/05TRUE PUBLIC : Further issue of TRUE13C2211A to be traded on August 8, 2022
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Thailand?s CP Group expands e-commerce with purchase of HK-based Chilindo

08/07/2020 | 05:11am EDT

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, which won 5G licenses in February.

(Reporting by Chayut Setboonsarng; Editing by Robert Birsel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CP ALL -2.04% 60 End-of-day quote.1.69%
JD.COM, INC. 2.59% 56.94 Delayed Quote.-18.74%
SIAM MAKRO -0.73% 34 End-of-day quote.-19.05%
TRUE CORPORATION -2.00% 4.9 End-of-day quote.2.51%
All news about TRUE CORPORATION
08/11TRUE PUBLIC : Resolution of the Exercise of 75 Derivative warrants issued by YUANTA
PU
08/05SET ADDS NEW LISTED SECURITIES : TRUE13C2212A to be traded on August 8, 2022
PU
08/05TRUE PUBLIC : Further issue of TRUE13C2211A to be traded on August 8, 2022
PU
08/04SET ADDS NEW LISTED SECURITIES : TRUE06C2212A to be traded on August 5, 2022
PU
08/04SET ADDS NEW LISTED SECURITIES : TRUE28C2302A to be traded on August 5, 2022
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08/03TRUE PUBLIC : Resolution of the Exercise of 30 Derivative warrants issued by ASPS
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07/27TRUE PUBLIC : Settlement Price and Net Cash Settlement of 30 Derivative warrants issued by..
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07/26TRUE PUBLIC : Settlement Price and Net Cash Settlement of 80 Derivative warrants issued by..
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07/22TRUE PUBLIC : Clarification of false news on the amalgamation
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07/19TRUE PUBLIC : Settlement Price and Net Cash Settlement of 10 Derivative warrants issued by..
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Analyst Recommendations on TRUE CORPORATION
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Financials
Sales 2022 146 B 4 156 M 4 156 M
Net income 2022 -1 893 M -53,8 M -53,8 M
Net Debt 2022 289 B 8 207 M 8 207 M
P/E ratio 2022 -88,5x
Yield 2022 1,33%
Capitalization 164 B 4 649 M 4 649 M
EV / Sales 2022 3,09x
EV / Sales 2023 3,02x
Nbr of Employees -
Free-Float 61,5%
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Technical analysis trends TRUE CORPORATION
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 13
Last Close Price 4,90 THB
Average target price 5,54 THB
Spread / Average Target 13,0%
EPS Revisions
Managers and Directors
Suphachai Chearavanont Chief Executive Officer & Director
Teeradet Dumrongbhalasitr Co-President
Manat Manavutiveth Co-President
William Harris Group Chief Financial Officer
Dhanin Chearavanont Chairman
Sector and Competitors
1st jan.Capi. (M$)
TRUE CORPORATION2.51%4 649