TRUE shares plunge 6.72%: How does China Mobile rumor affect?

Key points

• TRUE shares fell 6.72% on June 25, 2026 in afternoon trade.
• Main reason: unconfirmed news that China Mobile may consider selling about 7-8% of its stake.
• CGS International (Thailand) analyst believes the selling pressure stems from external factors and does not affect company fundamentals.
• Reasons: TRUE's core management structure remains unchanged, and operations do not rely on China Mobile's management.
• Analysts also note that TRUE's upcoming performance may still have positive factors; the share price pullback could serve as a batch buying opportunity for risk-tolerant investors; risk-averse ones should wait for official clarification.

Market performance and rumor source

On June 25, 2026, in afternoon trade of the Thai stock market, TRUE shares fell 6.72%. The drop was mainly linked to an unconfirmed rumor that China Mobile, as an important business partner, may consider selling or exiting its stake, currently about 7-8%, with one board representative but not directly involved in management decisions.

Analyst interpretation: external pressure, fundamentals intact

Analysts point out that the selling pressure from this drop is external and unrelated to the company's business fundamentals. TRUE's core management structure remains unchanged, and its operations do not rely on China Mobile's management.

At the same time, the Thai telecom industry overall still has positive growth direction: only two major players remain, AIS and TRUE, which helps reduce competition intensity and supports long-term revenue stability.

Regarding earnings outlook, analysts believe TRUE still has several positive factors, including expected decent profit in Q2/2026, ongoing cost-cutting plans, and potential dividend support for the share price.

Investment strategy: batch buying and waiting for clarification

In terms of investment strategy, analysts lean towards the view that since the share price has corrected significantly on unconfirmed news, it may be a batch buying opportunity for risk-tolerant investors; however, for risk-averse investors, it is advisable to wait for official information and clear conclusions from the company before making a decision.