KGI expects COM7 Q3 2026 profit to hit a new high of 1.3 billion baht, up 50%

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Summary · why it matters

Analysts at KGI Securities (Thailand) Public Company Limited expect COM7 to post net profit of 1.3 billion baht in the third quarter of 2026, up 50% from the same period a year earlier and flat from the previous quarter. Net profit for the nine-month period of 2026 is expected at 3.8 billion baht, up 34% from the same period, driven by strong demand for the iPhone 17 in early Q3 2026 after Apple adjusted selling prices in June, and a 15% increase in iPhone 17 selling prices following the launch of the iPhone 18 to pass memory costs on to customers. Demand for the iPhone 18 Pro is strong, growing by double digits in both sales volume and selling price, while the non-IT business continues to grow, including U-fund, which is expanding new loans by 1.2 billion baht per month, and iCare. For Q4 2026, earnings are likely to be positive on the high season and the upcoming iPhone Duo pre-order. The brokerage has raised its 2026 profit forecast by another 10% and its 2027 forecast by another 12%, and lifted its target price to 36 baht from 30 baht, based on a P/E of 14.0 times, and upgraded its recommendation from "hold" to "buy", expecting profit growth of 32% in 2026 and 13% in 2027, with a further 15% upside.

Impact on assets 3

Consumer Discretionary▲
Com7 PCL
COM7
▲ PositiveCapitalrelevance

KGI raised COM7's 2026 profit forecast 10%, 2027 by 12%, lifted target price to 36 baht from 30, and upgraded to buy on expected 50% Q3 profit growth.

Artificial Intelligence▲
Apple Inc.
AAPL
▲ PositivePricingrelevance

Apple adjusted iPhone selling prices in June and raised iPhone 17 prices 15% after the iPhone 18 launch to pass on memory costs, supporting COM7's iPhone demand and margins.

Financials▲

Off-coverage companies 1

Thunder Finfin Co., Ltd. (UFUND)i
Private± Mixedrelevance