reports
Com7 Public Company Limited: 1 director
A director at Com7 Public Company Limited sold/bought 460,000 shares at 23.200THB and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...
- Tanapon Cholkadidamrongkul
COM7 (COM7 TB) - Promising Outlook With Attractive Valuation
Company Update | COM7 (COM7 TB/BUY/Bt22.10/Target: Bt30.00) Management targets top-line growth of 10% and bottom line growth of 10-15%. If COM7 achieves this target, there would be a 6-11% upside to our earnings forecast. If suppliers are unable to export to the Middle East, excess supply may be redirected to Thailand, which would benefit COM7. Maintain BUY with a target price of Bt30.00.
- Tanapon Cholkadidamrongkul
Thailand Daily - Wednesday, March 11, 2026
Top Stories Company Update | COM7 (COM7 TB/BUY/Bt22.10/Target: Bt30.00) Management targets top-line growth of 10% and bottom line growth of 10-15%. If COM7 achieves this target, there would be a 6-11% upside to our earnings forecast. If suppliers are unable to export to the Middle East, excess supply may be redirected to Thailand, which would benefit COM7. Maintain BUY with a target price of Bt30.00.
- Amerul Iqmal
- Andrew Agita Buntoro
- Bella Lu Yifei
- Claire Wang Kelai
- Damon Shen
- Heidi Mo Jinghui
- Jieqi Liu
- Johnny Yum Chung Man
- Kai Jie Tang
- Ken Lee
- Kong Ho Meng
- Lester Siew
- Tanapon Cholkadidamrongkul
- Tham Mun Hon
- Willinoy Sitorus
Regional Morning Meeting Notes: Wednesday, March 11, 2026
Greater China Economics | Trade China’s exports grew 21.8% yoy in Jan-Feb 26, way above Bloomberg consensus of 7.2% yoy. Imports were equally strong, up 19.8% yoy compared with an expected 7.0% yoy. Exports to the US fell 11.0% yoy, but were made up by strong exports growth to Hong Kong, ASEAN and the EU. While the manufacturing PMI new export orders sub-index improved in 4Q25, the strong data is a pleasant surprise, reflecting China’s success in trade diversification. Company Results | Foxco...
- Tanapon Cholkadidamrongkul
COM7 (COM7 TB) - 4Q25: Resuls In Line; Strong Retail Performance
Company Results | COM7 (COM7 TB/BUY/Bt24.80/Target: Bt30.00) 4Q25 earnings were at Bt1.2b, increasing 17% yoy and 38% qoq, in line with our and consensus forecasts. Management targets 2026 revenue growth of 10% and net profit growth of 10-15%, driven by smartphone and tablet sales. Maintain BUY with a higher target price of Bt30.00.
- Kasemsun Koonnara
- Tanapon Cholkadidamrongkul
- Thanawat Thangchadakorn
Thailand Daily - Wednesday, February 25, 2026
Top Stories Company Results | Berli Jucker (BJC TB/BUY/Bt15.90/Target: Bt18.00) BJC’s earnings came in in line with our and consensus estimates at Bt1.3b, dropping 21% yoy. The earnings outlook in 1Q26 remains challenging as qtd SSSG has fallen 3.3% yoy. We expect 2Q26 to be a recovery point. Maintain BUY with a target price of Bt18.00. Company Results | COM7 (COM7 TB/BUY/Bt24.80/Target: Bt30.00) 4Q25 earnings were at Bt1.2b, increasing 17% yoy and 38% qoq, in line with our and consensus for...
- Adrian Loh Tzum Yung
- Audrey Celia
- Carol Dou Xiao Qin
- Jack Goh Tooan Orng
- Jonathan Koh
- Kasemsun Koonnara
- Kong Ho Meng
- Lester Siew
- Philip Wong
- Shirley Wang Xueyi
- Stella Guo Yuting
- Sunny Chen
- Tanapon Cholkadidamrongkul
- Thanawat Thangchadakorn
- Willinoy Sitorus
Regional Morning Meeting Notes: Wednesday, February 25, 2026
Greater China Sector Update | Consumer The CNY consumption data exhibited accelerated growth momentum compared with the two Golden Weeks last year, which we view as early signs of a broader consumption recovery. We favour companies benefitting from: a) segments showing initial signals of recovery, such as restaurants; b) exposure to China’s structural consumption growth drivers, particularly in services and experiential consumption; c) potential policy tailwinds; and d) overseas growth. Our pref...
5681 PETRONAS DAGANGAN BHD.
U11 UNITED OVERSEAS BANK LTD. (SINGAPORE)
COM7 COM7
SPALI SUPALAI PCL
3816 MISC BHD
UNVR PT UNILEVER INDONESIA TBK
TCAP THANACHART CAPITAL PCL
G13 GENTING SINGAPORE LIMITED
IOI IOI CORP BHD
MRDIY MR DIY GROUP M BHD
02192 MEDLIVE TECHNOLOGY CO LTD
CAREIT CENTURION ACCOMMODATION REIT (CAREIT SP)
- Tanapon Cholkadidamrongkul
COM7 (COM7 TB) - Deep Discount Valuation
Company Update | COM7 (COM7 TB/BUY/Bt20.10/Target: Bt25.00) The share price has declined by 30% since our contrarian downgrade in Sep 25. At the current level, the stock is trading at a deep discount valuation. We expect 4Q25 earnings to be up yoy and qoq, driven by an increase in SSSG and sales expansion from the non-retail business. Upgrade to BUY with a lower target price of Bt25.00.
- Tanapon Cholkadidamrongkul
- Thanawat Thangchadakorn
Thailand Daily - Friday, January 23, 2026
Top Stories Sector Update | Banking Banks under our coverage reported a combined net profit of Bt47.6b, down 9% yoy and 23% qoq, missing our expectation by 8% and the market's estimate by 7%. The key reason for the miss was a sharp drop in investment gains qoq. Moreover, investment gains will no longer support the bottom line from now on. Banks are looking to maintain a prudent approach to keeping asset quality resilient. Maintain MARKET WEIGHT. Our top pick is KTB. Company Update | COM7 (CO...
- Audrey Celia
- Bella Lu Yifei
- Chong Lee Len
- Damon Shen
- Heidi Mo Jinghui
- HIFZHAN RAZIQ BIN HARIS FADZLAN
- Jieqi Liu
- John Cheong Ming Chern
- Kai Jie Tang
- Ken Lee
- Philip Wong
- Suryaputra Wijaksana
- Tanapon Cholkadidamrongkul
- Thanawat Thangchadakorn
- Willinoy Sitorus
Regional Morning Meeting Notes: Friday, January 23, 2026
Greater China Sector Update | Automobile 12 Chinese automakers set ambitious targets for 2026. Despite weak sales from 1-18 January, we maintain our PV sales forecast of 30.4m units (+3% yoy), driven by exports and EVs. Policy shifts in the EU and Canada are creating a more favourable environment for Chinese EV exports, supporting overseas growth. Maintain MARKET WEIGHT. Top BUYs: CATL, Ganfeng Lithium, Minth and Geely. Top SELL: Li Auto. Company Update | Longfor Group Holdings (960 HK/BUY/HK$...
- Desmond Chong Chee Wai
- Ejann Hiew
- Heidi Mo Jinghui
- John Cheong Ming Chern
- Johnny Yum
- Julia Pan Mengyao
- Kai Jie Tang
- Malaysia Research Team
- Ming San Soong
- Philip Wong
- Shirley Wang Xueyi
- Singapore Research Team
- Stella Guo Yuting
- Suryaputra Wijaksana
- Tanapon Cholkadidamrongkul
- Vincent Khoo Boo Aik
- Willinoy Sitorus
Regional Morning Meeting Notes: Wednesday, December 03, 2025
Greater China Sector Update | Consumer We met investors in Thailand and Malaysia during our marketing trip from 24-28 Nov 25. Overall investor interest in the China consumer sector is improving. The most frequently discussed segments and names include Miniso, Shenzhou, Anta, consumer staples (including dairy, beer and baijiu), as well as some new consumption names such as Pop Mart (non-rated) and Laopu Gold (non-rated). Our preferred stocks include: Galaxy, Midea, Miniso, Shenzhou and Sands ...
BJC BERLI JUCKER PUBLIC CO. LTD.
02313 SHENZHOU INTERNATIONAL GROUP HOLDINGS LIMITED
AS7 ANTA SPORTS PRODUCTS LTD.
00291 CHINA RESOURCES BEER (HOLDINGS) CO. LTD.
600132 CHONGQING BREWERY CO.LTD CLASS A
000858 WULIANGYE YIBIN CO. LTD. CLASS A
544 CSE GLOBAL LTD.
C09 CITY DEVELOPMENTS LIMITED
600809 SHANXI XINGHUACUN FEN WINE FACTORY CO. LTD. CLASS A
EZQ CHINA MENGNIU DAIRY CO. LTD.
02331 LI NING COMPANY LIMITED
BN2 VALUETRONICS HOLDINGS
3K1 KINGSOFT CORP. LTD.
JPFA JAPFA COMFEED INDONESIA
COM7 COM7
600519 KWEICHOW MOUTAI CO. LTD. CLASS A
600887 INNER MONGOLIA YILI INDUSTRIAL GROUP CO. LTD. CLASS A
00027 GALAXY ENTERTAINMENT GROUP LIMITED
5347 TENAGA NASIONAL BHD
BBCA PT BANK CENTRAL ASIA TBK
O39 OVERSEA-CHINESE BANKING CORPORATION LIMITED
BN4 KEPPEL CORPORATION LIMITED
601888 CHINA TOURISM GROUP DUTY FREE CORPORATION LIMITED CLASS A
599A SANDS CHINA LTD.
TLKM PT TELKOM INDONESIA (PERSERO) TBK CLASS B
000333 MIDEA GROUP CO. LTD. CLASS A
00700 TENCENT HOLDINGS LTD.
0168 TSINGTAO BREWERY CO. LTD. CLASS H
SATS SP SATS LTD.
D01 DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
PDD PINDUODUO INC. SPONSORED ADR CLASS A
03690 MEITUAN CLASS B
YNS YINSON HOLDINGS BHD
RHBBANK RHB BANK BHD
06862 HAIDILAO INTERNATIONAL HOLDING LTD.
VSI V.S. INDUSTRY BERHAD
KPJ KPJ HEALTHCARE BERHAD
BURSA BURSA MALAYSIA BHD
CPALL TB CP ALL
BAUTO BERMAZ AUTO BHD
00780 TONGCHENG-ELONG HOLDINGS LIMITED
1368 XTEP INTERNATIONAL HOLDINGS
RSTON RIVERSTONE HOLDINGS LTD
CRC CENTRAL RETAIL CORP
FEH FOOD EMPIRE HOLDINGS LTD
01876 BUDWEISER BREWING CO. APAC LTD.
6186 CHINA FEIHE LTD
HEAL MEDIKALOKA HERMINA
MPM MARCO POLO MARINE LTD
CSSC CHINA SUNSINE CHEMICAL HOLDINGS LTD
09988 ALIBABA GROUP HOLDING LTD.
09999 NETEASE INC
LREIT SP LENDLEASE GLOBAL COMMERCIAL REIT
09618 JD.COM INC. CLASS A
MNSO MINISO GROUP HOLDING ADS (N SHARES)
01024 KUAISHOU TECHNOLOGY CLASS B
06690 HAIER SMART HOME CO. LTD. CLASS H
09922 JIUMAOJIU INTERNATIONAL HOLDINGS LTD.
09888 BAIDU INC
CMRY PT CISARUA MOUNTAIN DAIRY TBK
02423 KE HOLDINGS INC.
DOHOME DOHOME PCL
CLAR CAPITALAND ASCENDAS REIT
MDKA MERDEKA COPPER GOLD TBK PT
09961 CTRIP.COM INTERNATIONAL
0303 ALPHA IVF GROUP
LAGENDA LAGENDA PROPERTIES BHD
PEKAT PEKAT GROUP BHD
CPAXT CP AXTRA PUBLIC COMPANY LIMITED
KOPI MK ORIENTAL KOPI HOLDINGS BHD
BRMS IJ BUMI RESOURCES MINERALS
1698 HK TENCENT MUSIC ENTERTAINMENT GROUP
DEWA IJ DARMA HENWA (DEWA IJ)
ASSA IJ ADI SARANA ARMADA TBK PT (ASSA IJ)
ARCI IJ ARCHI INDONESIA (ARCI IJ)
ASL SP ASL MARINE (ASL SP)
UGAI ULTRAGREEN.AI LIMITED
HERE US HERE GROUP (HERE US)
- Tanapon Cholkadidamrongkul
COM7 (COM7 TB) - 3Q25: Unexciting IT Retail Performance
Company Results | Com 7 (COM7 TB/HOLD/Bt22.10/Target: Bt29.50) 3Q25 earnings came in at Bt872m, up yoy, in line with our and consensus forecasts. 3Q25’s performance was mainly driven by growth in non-retail businesses, while the IT retail business remained lackluster. Maintain HOLD with a target price of Bt29.50.
- Arsit Pamaranont
- Benjaphol Suthwanish
- Kasemsun Koonnara
- Tanapon Cholkadidamrongkul
- Thanawat Thangchadakorn
Thailand Daily - Monday, November 17, 2025
Top Stories Company Results | Central Pattana (CPN TB/BUY/Bt50.25/Target: Bt73.10) CPN reported a net profit of Bt5.4b in 3Q25 (+31.5% yoy, +26% qoq), supported by one-off items. Core earnings were strong as expected, improving both yoy and qoq. We anticipate the resilient core operational performance continuing into 4Q25. We are optimistic about CPN, given its resilient performance and positive business outlook with expansion plans. Maintain BUY. Target price: Bt73.10. Company Update | Char...
- Bella Lu Yifei
- Ken Lee
- Posmarito Pakpahan
- Tanapon Cholkadidamrongkul
- Thanawat Thangchadakorn
Regional Morning Meeting Notes: Monday, October 20, 2025
Greater China Company Results | Fuyao Glass (3606 HK/BUY/ HK$67.50/Target: HK$105.00) Fuyao Glass’ 3Q25 earnings miss stems from its margins, dragged by the US division and higher effective tax rate. Revenue grew 19% yoy on 11% sales volume growth and 7% ASP hike. Based on the lower margins, we trim our 2025-27 net profit forecasts by 5%/3%/2% to Rmb9.61b/Rmb10.98b/Rmb12.71b respectively, implying 19% CAGR. Earnings prospects remain positive on overseas market share gains, optimisation of pr...
BJC BERLI JUCKER PUBLIC CO. LTD.
KTC KRUNGTHAI CARD PCL
BBRI PT BANK RAKYAT INDONESIA (PERSERO) TBK CLASS B
JPFA JAPFA COMFEED INDONESIA
AMRT SUMBER ALFARIA TRIJAYA TBK PT
COM7 COM7
INKP PT INDAH KIAT PULP & PAPER TBK
BBCA PT BANK CENTRAL ASIA TBK
CPALL TB CP ALL
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
BBNI BANK NEGARA INDONESIA PERSER
HRUM HARUM ENERGY TBK PT
ASSA IJ ADI SARANA ARMADA TBK PT (ASSA IJ)
ARCI IJ ARCHI INDONESIA (ARCI IJ)
AADI IJ ADARO ANDALAN INDONESIA
- Suryaputra Wijaksana
Regional Morning Meeting Notes: Friday, October 3, 2025
Greater China Sector Update | Automobile China’s EV sales surged 25% wow in the 39th week of 2025 but slowed to 10.5% yoy amid a high base and anti-involution efforts. Geely and XPeng outperformed, while BYD and Li Auto saw yoy sales declines. Maintain MARKET WEIGHT on the sector, with top BUYs on CATL and Geely; we downgrade Ganfeng Lithium from BUY to HOLD with an unchanged target price of HK$40.00, as the stock price has hit our target. Indonesia Economics | Indonesia’s Trade Balance Hits Mu...
BJC BERLI JUCKER PUBLIC CO. LTD.
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
544 CSE GLOBAL LTD.
U96 SEMBCORP INDUSTRIES LTD.
BN2 VALUETRONICS HOLDINGS
002594 BYD COMPANY LIMITED CLASS A
AMRT SUMBER ALFARIA TRIJAYA TBK PT
COM7 COM7
558 UMS HOLDINGS LIMITED
O39 OVERSEA-CHINESE BANKING CORPORATION LIMITED
AP4 RIVERSTONE HOLDINGS
ADRO PT ADARO ENERGY TBK
D01 DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
VSI V.S. INDUSTRY BERHAD
CPALL TB CP ALL
IGBREIT IGB REAL ESTATE INVESTMENT T
SREIT SUNWAY REAL ESTATE INVESTMEN
CPALL-R CP ALL PCL NVDR
AXRB AXIS REAL ESTATE INVESTMENT
KLCCSS KLCCP STAPLED GROUP
FEH FOOD EMPIRE HOLDINGS LTD
FRKN FRENCKEN GROUP LTD
MPM MARCO POLO MARINE LTD
CSSC CHINA SUNSINE CHEMICAL HOLDINGS LTD
LI LI AUTO INC. SPONSORED ADR CLASS A
LREIT SP LENDLEASE GLOBAL COMMERCIAL REIT
HLA HONG LEONG ASIA LTD
CLAR CAPITALAND ASCENDAS REIT
MDKA MERDEKA COPPER GOLD TBK PT
CMMT CAPITALAND MALAYSIA TRUST
NCKL PT TRIMEGAH BANGUN PERSADA TBK (HARITA NICKEL)
PREIT PAVILION REAL ESTATE INVESTMENT TRUST
HRUM HARUM ENERGY TBK PT
3750 CONTEMPORARY AMPEREX TECHNOLOGY (3750 HK)
ASSA IJ ADI SARANA ARMADA TBK PT (ASSA IJ)
ARCI IJ ARCHI INDONESIA (ARCI IJ)
- Tanapon Cholkadidamrongkul
COM7 (COM7 TB) - Limited Upside After Price Rally, Downgrade to HOLD
Highlights • We expect Apple products to be the key earnings driver going forward. The earnings outlook remains resilient, as we expect 3Q25 earnings to improve yoy. • COM7’s share price has delivered an impressive return since our BUY call and is now close to our target price. Moreover, share prices typically slump after an iPhone launch. Downgrade to HOLD, with a target price of Bt29.50.
- Tanapon Cholkadidamrongkul
Thailand Daily - Wednesday, September 10, 2025
Top Stories Company Updates | COM7 (COM7 TB/HOLD/Bt25.75/Target: Bt29.50) We expect Apple products to be the key driver going forward. The earnings outlook remains resilient, as we expect 3Q25 earnings to improve yoy. COM7’s share price has delivered an impressive return since our BUY call and is now close to our target price. Share prices typically slump after an iPhone launch. Downgrade to HOLD. Target price: Bt29.50.
- Audrey Celia
- Ejann Hiew
- Jack Goh Tooan Orng
- Jack Lai Yuan Khai
- Jonathan Koh
- Lester Siew
- Shirley Wang Xueyi
- Stella Guo Yuting
- Tanapon Cholkadidamrongkul
- Willinoy Sitorus
Regional Morning Meeting Notes: Wednesday, September 10, 2025
Greater China Sector Updates | Consumer In 2Q25/1H25, among 22 companies under our coverage, 9 beat / 7 inline or mixed / 6 missed. We observed: a) Deflation persists. b) Companies with more diversified product portfolios, along with product offerings ridding on the emerging consumption trends, stay constructive. c) Companies are expanding into new consumption channels. d) Sectors supported by monetised policy stimulus continue to demonstrate robust domestic sales in 3Q25. e) Companies are c...
AS7 ANTA SPORTS PRODUCTS LTD.
00291 CHINA RESOURCES BEER (HOLDINGS) CO. LTD.
600132 CHONGQING BREWERY CO.LTD CLASS A
000858 WULIANGYE YIBIN CO. LTD. CLASS A
D05 DBS GROUP HOLDINGS LTD
600809 SHANXI XINGHUACUN FEN WINE FACTORY CO. LTD. CLASS A
U11 UNITED OVERSEAS BANK LTD. (SINGAPORE)
EZQ CHINA MENGNIU DAIRY CO. LTD.
02331 LI NING COMPANY LIMITED
COM7 COM7
600519 KWEICHOW MOUTAI CO. LTD. CLASS A
600887 INNER MONGOLIA YILI INDUSTRIAL GROUP CO. LTD. CLASS A
INKP PT INDAH KIAT PULP & PAPER TBK
00027 GALAXY ENTERTAINMENT GROUP LIMITED
O39 OVERSEA-CHINESE BANKING CORPORATION LIMITED
601888 CHINA TOURISM GROUP DUTY FREE CORPORATION LIMITED CLASS A
599A SANDS CHINA LTD.
000333 MIDEA GROUP CO. LTD. CLASS A
0168 TSINGTAO BREWERY CO. LTD. CLASS H
06862 HAIDILAO INTERNATIONAL HOLDING LTD.
GAM GAMUDA BHD
IOI IOI CORP BHD
1368 XTEP INTERNATIONAL HOLDINGS
01876 BUDWEISER BREWING CO. APAC LTD.
6186 CHINA FEIHE LTD
KORE KEPPEL PACIFIC OAK US REIT
MNSO MINISO GROUP HOLDING ADS (N SHARES)
06690 HAIER SMART HOME CO. LTD. CLASS H
09922 JIUMAOJIU INTERNATIONAL HOLDINGS LTD.
- Tanapon Cholkadidamrongkul
COM7 (COM7 TB) - 2Q25: Better-Than-Expected Earnings
COM7 reported a 2Q25 net profit of Bt1,003m, up 33% yoy and beating both our and market expectations by 10%, driven by strong top-line growth and lower SG&A. Looking ahead, performance should be supported by new product launches, store expansion, and a higher contribution from the non-retail segment. We see no downside risk to our or consensus forecasts. Maintain BUY. Target price Bt29.50.
- Arsit Pamaranont
- Benjaphol Suthwanish
- Kasemsun Koonnara
- Kitpon Praipaisarnkit
- Tanapon Cholkadidamrongkul
- Thanawat Thangchadakorn
Thailand Daily - Friday, August 15, 2025
KEY HIGHLIGHTS Results COM7 (COM7 TB/BUY/Bt24.50/Target: Bt29.50) 2Q25: Better-than-expected earnings. Electricity Generating (EGCO TB/BUY/Bt113.00/Target: Bt125.00) 2Q25: Results beat expectations, with yield remaining impressive. GFPT (GFPT TB/BUY/Bt10.10/Target: Bt15.50) 2Q25: Earnings beat expectations on solid profitability. Hana Microelectronics (HANA TB/HOLD/Bt22.60/Target: Bt20.00) ...
LH LAND & HOUSES PUBLIC CO. LTD.
EGCO ELECTRICITY GENERATING PUBLIC CO. LTD.
IVL INDORAMA VENTURES PUBLIC CO. LTD.
COM7 COM7
GFPT GFPT
HANA HANA MICROELECTRONICS PCL
SAWAD SRISAWAD CORPORATION PUBLIC COMPANY LTD
AOT AIRPORTS OF THAILAND PUBLIC CO. LTD.
LPN LPN DEVELOPMENT PCL
PSH PRUKSA HOLDING PCL
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