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.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Equity Bottom-Up

<ul><li>COM7 reported 4Q25 core profit of Bt1.3bn (+35% YoY, +62% QoQ), a record high and 15% above our and market estimates on strong revenue growth.</li><li>The strong 4Q25 performance lifted 2025 core profit to Bt4.1bn (+22% YoY). We raise our 2026E forecast by 4% to Bt4.5bn (+8% YoY).</li><li>We reiterate Outperform with a new TP of Bt31 (from Bt25.50), based on a 6.4% required return. COM7 is the only IT retailer to deliver earnings above expectations and the strongest growth in the sector, trading at an attractive 12x P/E (-0.5SD).</li></ul>

COM7 reported 4Q25 core profit of Bt1.3bn (+35% YoY, +62% QoQ), a record high and 15% above our and market estimates on strong revenue growth.The strong 4Q25 performance lifted 2025 core profit to Bt4.1bn (+22% YoY). We raise our 2026E forecast by 4% to Bt4.5bn (+8% YoY).We reiterate Outperform with a new TP of Bt31 (from Bt25.50), based on a 6.4% required return. COM7 is the only IT retailer to deliver earnings above expectations and the strongest growth in the sector, trading at an attractive 12x P/E (-0.5SD).

COM7 Plc. (COM7): コア利益が予想を上回り、過去最高を記録

Com7

COM7 Plc. (COM7): コア利益が予想を上回り、過去最高を記録