บทวิเคราะห์ (Research)

We expect COM7 to realize limited benefit from the government’s Easy e-Receipt measure due to an equal spending limit with more spending conditions. Meanwhile, rising competition in the market would be a factor to watch for in 2025. We maintain a Neutral rating with an end-2025 target price of Bt31.00 based on PER 22.0x (-0.5 S.D its historical average).