บทวิเคราะห์ (Research)

BUY on resilient revenue growth and taxi EV upside We reiterate BUY on COM7 due to FY25/26E core profit growth of 21%/9%, underpinned by replacement cycle of smartphones and tablets and COM7’s market share gains. The rental taxi EV business could deliver 4%/6% upside to our FY26/27E core profit. We invited COM7’s IR Manager and Senior Finance Manager to our Resilient Retail event on 21 Aug following 2Q25 SSSG of 6.0% (vs industry average -1.4%). Our TP remains at THB30.0 (FY25E P/E of 18.3x). Potential re-rating catalyst is strong YoY profit growth in 3-4Q25E.