Equity Analysis /

Thailand: ICT - Value additions from a TRUE-DTAC amalgamation deal

  • TRUE-DTAC amalgamation through share swap transaction

  • Implied current value of Bt2.05 and YE23 price of Bt2.58 for MergeCo

  • NBTC likely to approve the deal; easing industry price competition

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
23 November 2021