COM7 share price rebounded 4.20% or increased 1.25 baht to 31.00 baht, trading value 568.15 million baht at 14.40 from the opening price of 30.25, the highest price 31.50 baht and the lowest price 29.75 baht.
KTBST Securities stated in the analysis that Com7 Plc. (COM7) estimates 2Q22 net profit of 723 million baht (+23% YoY, -8% QoQ) from an increase in revenue +17% YoY from the number of stores and product types. increased sales as well as getting positive results from the installment loan Credit demand is expected to remain high during rising inflation. Meanwhile, 2Q22 net profit declined QoQ due to the lack of good shopping measures to support sales as in 1Q12.
Maintain FY22 net profit forecast at Bt3.3bn (+24% YoY) on higher sales. while operating expenses will increase This is due to the lack of discounted rental rates that are as high as in 2021. We estimate net profit will continue to expand to Bt3.99bn (+22% YoY) in 2020 from increasing number of stores, product and service categories, and will start See the development of cooperation with Partners, both BDMS (pharmacy) and SABUY.
The second half of the year’s performance is expected to grow YoY and HoH from higher seasonal income. and recognized revenue from the sale of new products, including the new MacBook Air, MacBook Pro and iPhone 14. Share price underperform SET -21% in the past three months due to concerns over sales that may decline during rising inflation. climb However, we estimate that the share price will return to outperform as the inflation situation improves. according to the falling oil price including the depreciation of the baht and began to stabilize This will help reduce concerns regarding the price of new IT products that will rise according to the currency.
