Thai Airways Faces Post-Lockup Share Flood; True Corp Eyes AI Transformation

THAI.BK – Thai Airways International PCL Thailand’s national flag carrier providing domestic and international passenger and cargo air transportation services, with a growing focus on post-restructuring profitability and fleet modernisation. YTD Performance 2026 ▼ -19.42% Start (30 Dec 2025): 6.95 THB → End (31 Jul 2026): 5.60 THB View full analysis → THAI: The second lock-up period for THAI expires on 4 Aug, releasing up to 19.8bn shares (more than 70% of total shares) and raising expectations of near-term selling pressure. According to Kaohoon, an alliance of 25 credit cooperatives plans to sell around 4.5bn shares, primarily through Big Lot transactions to domestic and foreign institutional investors to minimise market impact. Management acknowledged the potential overhang but remains confident in the company’s fundamentals and highlighted a strong 2Q performance. Among financials, KTB is expected to record the largest mark-to-market gain at around THB3bn in 3Q26, while TISCO and SAWAD are also expected to book gains. The Ministry of Finance, which owns 40% of THAI, reaffirmed that it has no plans to reduce its stake. Comment: Everyone is waiting… TRUE.BK – True Corporation PCL Leading Thai telecommunications group offering mobile, broadband internet, pay-TV and digital platform services following the True-dtac merger; focuses on 5G, fixed broadband expansion and convergent offerings. ▲ +32.11% Start (30 Dec 2025): 10.90 THB → End (31 Jul 2026): 14.40 THB TRUE: Management reiterated its ambition to transform TRUE into an AI-first technology company, expanding AI capabilities across the organisation while strengthening strategic partnerships to compete with global digital platform players. Comment: As long as the expats are running the company – it’ll continue to improve margins. Comparison Table Data as of 31 July 2026. Market Cap USD calculated using USD/THB 33.40. YTD calculated from last trading day of 2025 (30 Dec 2025). Sources: SET, company filings, Yahoo Finance, MarketScreener, StockAnalysis. If this has helped you, please consider donating and buy me a Somtum Waffle The post Stocks in the news (thai, true) 03.08.26 first appeared on ThaiCapitalist.