Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Equity Bottom-Up

<ul><li>IT product prices are likely to rise further and remain high for at least another year.</li><li>However, neither is concerned about weaker purchasing power, as IT products are essential and financing options help support demand.</li><li>We remain positive on the IT retail sector and maintain our "Overweight" rating.</li></ul>

IT product prices are likely to rise further and remain high for at least another year.However, neither is concerned about weaker purchasing power, as IT products are essential and financing options help support demand.We remain positive on the IT retail sector and maintain our "Overweight" rating.

Key Takeaways From Premium Tech Wave by KTX

Technical Analysis

<ul><li>The SET Index declined for a fifth consecutive session as rising oil prices and US Treasury yields weighed on sentiment.</li><li>We maintain our sideways outlook and recommend buying on dips and selling into strength, with accumulation near support.</li><li>Moreover, the index is trading near the BB Bottom, suggesting the potential for a near-term rebound.</li></ul>

The SET Index declined for a fifth consecutive session as rising oil prices and US Treasury yields weighed on sentiment.We maintain our sideways outlook and recommend buying on dips and selling into strength, with accumulation near support.Moreover, the index is trading near the BB Bottom, suggesting the potential for a near-term rebound.

Krungthai XSpring Technical Eng. - September 16, 2026

<ul><li>The launch of ultra-premium products such as Apple's iPhone Duo, together with price increases across the company's mobile-related product range, should sustain strong revenue growth for IT retailers throughout 2H26 and into 2027.</li><li>We maintain our Overweight rating on the sector and expect COM7 to benefit the most.</li><li>We are positive on the launch of the iPhone 18 Duo, as it signals Apple's full-scale entry into the foldable smartphone market.</li></ul>

The launch of ultra-premium products such as Apple's iPhone Duo, together with price increases across the company's mobile-related product range, should sustain strong revenue growth for IT retailers throughout 2H26 and into 2027.We maintain our Overweight rating on the sector and expect COM7 to benefit the most.We are positive on the launch of the iPhone 18 Duo, as it signals Apple's full-scale entry into the foldable smartphone market.

Commerce IT: The New Normal Has Arrived – Overweight

<ul><li>The US bond yield surged to 4.84% amid concerns over inflation and waning confidence in the US government's fiscal position.</li><li>Brent crude oil prices rose above USD100/bbl amid escalating tensions in the Middle East.</li><li>Apple launched the iPhone 18 and its first foldable model, the iPhone Duo, which are expected to boost sales at IT retailers.</li></ul>

The US bond yield surged to 4.84% amid concerns over inflation and waning confidence in the US government's fiscal position.Brent crude oil prices rose above USD100/bbl amid escalating tensions in the Middle East.Apple launched the iPhone 18 and its first foldable model, the iPhone Duo, which are expected to boost sales at IT retailers.

Krungthai XSpring Zoom Eng. September 10, 2026

<ul><li>Tokyo, Taiwan and South Korean stock markets surged, while the US PCE inflation figure came in below expectations, raising hopes for a rebound in the SET after its sharp decline.</li><li>The modest rebound following the sharp decline suggests that selling pressure at higher levels continues to limit gains, leaving the index vulnerable to further weakness.</li><li>We recommend buying on weakness near key support levels, as the index is likely to trade sideways.</li></ul>

Tokyo, Taiwan and South Korean stock markets surged, while the US PCE inflation figure came in below expectations, raising hopes for a rebound in the SET after its sharp decline.The modest rebound following the sharp decline suggests that selling pressure at higher levels continues to limit gains, leaving the index vulnerable to further weakness.We recommend buying on weakness near key support levels, as the index is likely to trade sideways.

Thailand

Com7 Public Company Limited is a Thai retailer primarily engaged in selling IT products, mobile phones, and accessories, including desktop computers, laptops, and various lifestyle devices. The company also offers repair services for IT gadgets and financial services for mobiles. Founded in 2004, its headquarters are in Bangkok, Thailand.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Com7 (COM7-R TB)

Key Takeaways From Premium Tech Wave by KTX

IT product prices are likely to rise further and remain high for at least another year. However, neither is concerned about weaker purchasing...

Krungthai XSpring

Krungthai XSpring Technical Eng. - September 16, 2026

The SET Index declined for a fifth consecutive session as rising oil prices and US Treasury yields weighed on sentiment. We maintain our sideways...

Krungthai XSpring

Commerce IT: The New Normal Has Arrived – Overweight

The launch of ultra-premium products such as Apple's iPhone Duo, together with price increases across the company's mobile-related product range,...

Krungthai XSpring

Krungthai XSpring Zoom Eng. September 10, 2026

The US bond yield surged to 4.84% amid concerns over inflation and waning confidence in the US government's fiscal position. Brent crude oil...

Krungthai XSpring

Recommendation: Buy On Weakness

Tokyo, Taiwan and South Korean stock markets surged, while the US PCE inflation figure came in below expectations, raising hopes for a rebound in...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)