
Top Stories
Company Update | COM7 (COM7 TB/BUY/Bt23.2/Target: Bt32.50)
We expect 2Q26 earnings to increase 22% yoy, driven by a solid performance from both the IT retail and other businesses. Apple’s price hike could trigger demand as consumers accelerate purchases, which is positive for COM7. Maintain BUY with a higher target price of Bt32.50 (from Bt30.00). We revise our 2026-27 earnings forecasts up by 17% and 20% respectively and change our valuation methodology from PE multiple to SOTP.

Top Stories
Company Update | COM7 (COM7 TB/BUY/Bt23.2/Target: Bt32.50)
We expect 2Q26 earnings to increase 22% yoy, driven by a solid performance from both the IT retail and other businesses. Apple’s price hike could trigger demand as consumers accelerate purchases, which is positive for COM7. Maintain BUY with a higher target price of Bt32.50 (from Bt30.00). We revise our 2026-27 earnings forecasts up by 17% and 20% respectively and change our valuation methodology from PE multiple to SOTP.
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