Com7, TH1198010007

UOB Kay Hian raises target for Com7 stock from THB 32.50 to THB 35.20

Published on 10/20/2026 at 02:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached THB 24.11 billion versus THB 23.55 billion forecast. Com7 stock stands at a 3.33 percent dividend yield as of October 12, 2026.

Demand and valuation markers

UOB Kay Hian revised its 2026 earnings forecasts upward by 8.00 percent on October 19, 2026.
Com7 reported THB 24.11 billion of second-quarter revenue against a THB 23.55 billion forecast.
Com7's market capitalization was THB 79.0 billion as of October 19, 2026.
October 23, 2026 is the scheduled official sales date for the iPhone Duo.

Com7, TH1198010007, Illustration mit AI erstellt.

Com7 (ISIN TH1198010007) received a higher target of THB 35.20 from UOB Kay Hian on October 19, 2026, up from THB 32.50. The brokerage also maintained its Buy rating, while its report pointed to stronger contributions from retail, UFund and iCare.

Why the target moved higher

According to UOB Kay Hian on October 19, 2026, Com7 could post third-quarter net profit of THB 1.29 billion, 49.00 percent above the year-earlier level. The report also expects fourth-quarter earnings growth, although it points to slower momentum after front-loaded smartphone demand and supply constraints for entry-level devices.

The latest reported quarter gives the forecast a concrete base. Com7's second-quarter revenue reached THB 24.11 billion against a THB 23.55 billion forecast, while net income was THB 1.30 billion, according to Investing.com. The retailer operates across IT retail, business services, online sales, insurance and distribution, according to Com7.

Three developments set the context

On September 23, 2026, KGI Securities raised its target for Com7 to THB 36.00 from THB 30.00 and upgraded the stock to Outperform, citing iPhone demand and growth in UFund and iCare, as Kaohoon International reported. On October 1, 2026, Mitihoon reported that a new UFund partner was expected to help build a loan portfolio above THB 10.00 billion, compared with THB 4.00 billion in 2025, and that iCare was seeking additional capital through a planned investment of THB 860.00 million.

UOB Kay Hian's October 19, 2026 update is the latest of the three developments, with its THB 35.20 target replacing THB 32.50. The sequence shows why non-retail businesses now matter to the valuation alongside smartphone sales.

Upcoming demand date

KGI's September 23, 2026 report identified October 23, 2026 as the official sales date for the iPhone Duo after pre-orders were scheduled to begin on October 16, 2026. For Com7, that date is a visible test of whether higher device prices can offset lower unit volumes.

Stock valuation and trading

Com7 was last at THB 33.50 on the SET on October 19, 2026 at 4:36 p.m. ICT. Its market capitalization was THB 79.0 billion, and its 52-week range was THB 18.20 to THB 34.00 on the same dated market snapshot.