Advice It Infinite Pcl

Kasikorn Securities states that Advice IT Infinite Public Company Limited, or ADVICE, is likely to post sales and gross margin in the third quarter of 2026 above target. The company expects third-quarter 2026 sales to grow more than 20% year on year, above its original target of 17% year on year, driven by strong demand across all product groups, with IT products expected to grow more than 10% year on year and Apple and Android products expected to grow in the double digits year on year. Gross margin is expected at 11.0–11.5%, above the company's original target of 10.5%, supported by margin gains in memory products, especially VGA graphics cards, whose prices have roughly doubled year on year. The research team estimates third-quarter 2026 profit at 120 million baht, up 84% year on year but down 12% quarter on quarter, bringing first-nine-month 2026 profit to 374 million baht, up 83% year on year, or 86.4% of the full-year 2026 profit forecast of 433 million baht. It maintains a Buy rating with a mid-2027 target price of 8.82 baht and sees an attractive re-entry point at 6.50 baht or below.

Analysts at Daiwa Securities (Thailand) Public Company Limited assess the direction of the stock market for October 2026, setting an index range of 1,500-1,630 points and expecting the market to return to focusing more on fundamentals during the mid-month earnings announcements, led by banking stocks, especially the views from the executives of large banks. External factors to watch include the BOT, Fed, and BOJ meetings, as well as the US midterm elections, with statistics indicating that Thai stocks often respond positively ahead of elections. Meanwhile, risks still stem from the Iran war situation, which has yet to find a resolution, and progress on government policies, including the Thai Helps Thai Plus Phase 2 tourism stimulus measures, the announcement of the 2027 Budget Act, the PDP2026 plan, and the momentum of a no-confidence debate motion. On investment strategy, long-term themes through AI and Data Centers remain favored, with five stocks recommended: ADVICE, BGRIM, CK, PLANB, and SCGP.

Dao Securities (Thailand) Public Company Limited said in a research note today, September 30, 2026, that the operating outlook for Advice IT Infinite Public Company Limited, or ADVICE, remains positive. The research team noted that ADVICE management aims to expand its Commercial business to add new customers and help lift gross margins higher. Meanwhile, sales of the iPhone 18 Pro and iPhone 18 Pro Max are growing better than expected and are roughly 50% higher than the launch period of last year's iPhone 17, reflecting strong demand and supporting sales in the second half of the year. Dao Securities estimates ADVICE's net profit for 2026 at 450 million baht, up 69% from the same period a year earlier, and sees room for further upside from the operating trend in the second half of 2026, which continues to move in a positive direction. Dao Securities therefore maintains its Buy recommendation on ADVICE with a target price of 8.50 baht.

Advice IT Infinite Public Company Limited, or ADVICE, is pressing ahead with expanding its business base into the commercial market and server systems to drive higher profit margins, while hoping for 50% growth in iPhone 18 sales from a year earlier after the launch of the iPhone 18 Pro and iPhone 18 Pro Max in early September, which have sold better than expected. Mr. Saran Thitawasant, Assistant Chief Executive Officer for the Apple business line, said that price increases for earlier iPhone models, including the iPhone 15, iPhone 16, iPhone 17 and iPhone Air, averaged about 5,000 baht per device per model, and that the launch of the iPhone 18 Series on September 9, 2026, has also helped stimulate demand for earlier iPhone models. On the expansion of Apple retail outlets under Advice iStore, the company aims to increase the count to 51 branches by 2027, from about 22 branches in the first half of 2026. Meanwhile, the outlook for the second half of 2026 is expected to improve on the first half, driven by demand for the iPhone 18 Series and the arrival of the high season for IT products and smartphones. For the full year, the company is maintaining its target of 15% revenue growth in 2026 compared with 2025, after total revenue in the first half of this year already reached about 8.85 billion baht.

Globlex Securities estimates that the Thai stock index will fluctuate in a range of 1,560 to 1,600 points this week, still pressured by crude oil prices and US government bond yields, amid tensions in the Middle East that warrant close monitoring. Wilasinee Boonmasungsong, Assistant Managing Director of Globlex Securities, said the negative factors weighing on investment include data from CME Group's FedWatch Tool indicating that investors assign a 53.1% probability that the US central bank will raise interest rates by another 0.25% at its October meeting, up from 27.2% a week earlier, as well as the attack on oil tankers in the Strait of Hormuz by the Iranian navy, and the Houthi group in Yemen stating that Saudi warplanes carried out 40 airstrikes across three provinces of Yemen within 24 hours. Meanwhile, Thai household debt, according to a survey by the Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce, surged to 794,945.49 baht per household, up 7.3%, the highest in 17 years. On the positive side, the yield on 10-year US government bonds fell to 4.93%, and the Bank of England's Monetary Policy Committee voted 6 to 3 to hold the policy rate at 3.75% as expected. Wacharant Jongyanyong, Director of the Research Department at Globlex Securities, recommended an investment strategy focused on stocks with specific positive factors, especially those expected to benefit from the launch of three new iPhone smartphone models, namely COM7, SYNEX, SPVI, CPW and ADVICE.

Stock Focus today rounds up the key points on several stocks. BGRIM is likely to close deals for large IPP gas-fired power plants in Vietnam and Malaysia totalling 3,000 megawatts by late this year to early next year, and is preparing to file for extensions of 22 existing power plant projects with a combined capacity of 3,000 megawatts under the PDP plan, and will open the first phase of its data centre this November. ADVICE said the iPhone 18 is hot, with the iPhone 18 Pro Max fully booked in pre-orders, and handsets will start being delivered this Friday, which will support third-quarter revenue in 2026, while the company maintains its full-year revenue growth target of 15% from a year earlier and aims to reach 29 branches by the end of 2026, up from 22 in the first half. MMM is pressing ahead with new partners to supply the property business, maintaining a stock of 800 units, with a strategy targeting the 4-5 million baht price segment, drawing on its Prukasa subsidiary to help with construction, and is confident fourth-quarter results will peak, targeting full-year growth of 30-40%. KCC has set its sights on 2026, aiming to bring 500 million baht of NPLs into its portfolio and grow at least 30% after raising 450 million baht through debentures, and is studying plans to buy more NPAs. EURO is expanding the luxury market together with SC, opening the luxury villa project The Gentry Cultivar Rama 9 priced at 30-50 million baht. POLY reaffirmed its full-year revenue growth target of 10% after first-half revenue of 628 million baht, with its automotive business rising to a 60% share on continuous orders from Toyota, and has just set up a subsidiary to move into the electrical and electronics business as a new S-curve. MGC is extending its Mobility Ecosystem through its SIXT car rental business, partnering with ROYS HOTEL to provide electric XPENG vehicles to shuttle guests, with ROYS HOTEL spending 300 million baht on a major renovation and aiming to open in 2027. In insurance, the cabinet approved a national catastrophe insurance plan covering 30 million households, with protection against floods, storms, earthquakes and loss of life, starting this October 1. TWPC is set to drive sales growth in its overseas food and sauce business above 10% after acquiring Well-Grow, which began contributing revenue in September, supporting fourth-quarter 2026 results. Brokers recommend buying KLINIQ and MASTER on expectations that second-half profit will accelerate, with KLINIQ having a network of more than 84 branches. SCB EIC reaffirmed that foreign capital remains interested in investing in Thailand and is watching for the government to issue new data centre rules this year. Finansia recommends buying STECON with a target of 22.50 baht, and Globlex recommends WHA with a target of 5.40 baht. SIRI is pushing low-rise sales towards a target of 25 billion baht and will launch Burasiri Well Krungthep Kreetha worth 6 billion baht, priced at 23-40 million baht, during September 19-20. BEM said the Expressway Authority of Thailand is discussing ways to reduce the impact before raising tolls on the Chalong Rat expressway on December 15, with the new rates starting at 80 baht for four-wheel vehicles, 130 baht for six-to-ten-wheel vehicles and 180 baht for vehicles with more than ten wheels. ONEAM will hold a meeting of GROREIT trust unitholders on October 28 to vote on selling the Royal Orchid Sheraton hotel, with three options: having ROH buy it back for 4.873 billion baht, selling it to Orchid Hospitality, which has offered 5.3 billion baht, or holding a general auction. If the sale succeeds, the trust will immediately proceed with liquidation.

Nat Nattanitikarat, Chief Executive Officer of Advice IT Infinite Public Company Limited, or ADVICE, disclosed that the iPhone 18 Series has received a fairly strong response, especially the top model, the iPhone 18 Pro Max, whose bookings filled the allocated quota and sold out quickly. The company will receive the handsets this Friday and will begin distributing products fully to branches and various sales points next week. The company expects its business in the third quarter of 2026 to improve from the second quarter of 2026, driven by the new smartphone models, and is maintaining its 2026 revenue growth target of 15% compared with 2025, after first-half revenue reached about 8.8 billion baht. It also plans to open 7 more Advice iStore branches in the second half of this year, bringing the total to 29 branches by the end of 2026, up from 22 in the first half. Meanwhile, the analyst team at Krungsri Securities Public Company Limited expects third-quarter 2026 sales to grow more than 17% from the same period a year earlier, and forecasts 2026 net profit of 453 million baht, up 65% from the previous year. It estimates a dividend yield of about 7% per year, with a first-half 2026 dividend of 0.23 baht per share, and therefore recommends a "buy" rating with a target price of 8.40 baht per share.

Krungsri Securities Public Company Limited, or KSS, said in an analysis that the launch of the iPhone 18 Pro, iPhone 18 Pro Max and iPhone Duo, together with price increases on existing iPhone models, will help drive sales for IT product operators in the third quarter of 2026, with sales so far for the group covered by the research team growing more than 10% compared with the same period last year. Comseven Public Company Limited, or COM7, and Advice IT Infinite Public Company Limited, or ADVICE, posted standout sales growth of around 15-20% as customers rushed to buy products before the new launches and before prices rose. The iPhone 18 Pro and iPhone 18 Pro Max use the A20 Pro chip, which boosts graphics performance by up to 40% and on-device AI processing by twofold compared with the iPhone 17 Pro, along with a 48-megapixel main camera and, for the first time on an iPhone, an adjustable aperture system. Launch prices in Thailand start at 48,900 baht, higher than the iPhone 17 Pro's starting price of 43,900 baht. The iPhone Duo is Apple's first foldable iPhone, with an inner screen of about 7.6 inches and an outer screen of 5.4 inches, also using the A20 Pro chip, with a starting price of 79,900 baht and sales beginning in October 2026. Meanwhile, Apple raised prices on existing iPhone models by about 4,000-12,000 baht due to memory cost pressure. The brokerage maintained its neutral weighting on the IT product distributor group and picked COM7 as its top stock, recommending a buy with a target price of 35 baht.

Brokers view the outlook for the IT retail and wholesale sector in Q3 2026 as still strong, supported by sales of Apple and Android smartphones as well as the commercial segment where demand is accelerating. They highlight three standout stocks: COM7, ADVICE, and IT City. Charnthawat Sukhanan, an analyst at Kasikorn Securities, said sales in July and August grew strongly, with COM7 expected to see sales growth of more than 15% YoY, ADVICE around 20% YoY, and IT City more than 20% YoY. Meanwhile, wholesaler SIS is expected to grow more than 10% YoY, and SYNEX has also reported growth. The research arm maintains a Positive view on the gadget group, favoring retailers over wholesalers, with target prices of 34.12 baht for COM7, 8.82 baht for ADVICE, and 10.83 baht for IT City. It also points to attractive entry points if prices weaken and recommends watching the launch event of Apple's iPhone 18 on September 9.

Advice IT Infinite Public Company Limited, or ADVICE, has announced its readiness to expand in the IT market during the second half of 2026, expressing confidence that operating results will grow significantly after first-half performance exceeded targets. Mr. Saran Panha, Chief Sales Officer, said the business trend in the second half will clearly improve from the first half because the industry is entering the high season for IT and smartphones. Product demand is expected to recover continuously, supported by new product launches including Samsung Galaxy in late July, RTX Spark in the middle of the third quarter, and iPhone 18 in September. The company maintains its 2026 revenue growth target at about 15 percent compared with 2025, aiming for third-quarter revenue growth of 17 percent and fourth-quarter growth of up to 22 percent, after the first and second quarters delivered revenue growth above target. Second-half profit is expected to meet plan, helped by the iPhone 18 launch. The company plans to open seven more Advice iStore branches in the second half to expand its revenue base from high-margin products, targeting 29 branches by the end of 2026, up from 22 branches in the first half. It is also moving forward with expanding Advice Business Solutions to capture opportunities from digital transformation and AI transformation.

Yuanta Securities has raised its 2026 normalized profit estimate for Advice IT Infinite Public Company Limited, or ADVICE, by 8% to 451 million baht, representing growth of 66% from the previous year, and lifted its target price to 9.10 baht per share while maintaining a price-to-earnings ratio of 12.5 times. The broker noted that first-half 2026 normalized profit accounted for about 61% of the previous full-year estimate of 417 million baht, and that the second-half trend remains strong thanks to recovering IT and Apple product sales across all channels. For 2027, Yuanta kept its normalized profit estimate at 489 million baht, or growth of 8% from the previous year, expecting sales to return as the main driver from the recovery of Apple products and the market entry of AI PCs. The broker also expects ADVICE to offer a dividend yield of about 8.0% per year and to announce a first-half dividend of 0.23 baht per share, with the stock trading ex-dividend on August 27.

Advice IT Infinite Public Company Limited, or ADVICE, reported first-half 2569 net profit of 253.16 million baht, up 82.68% from the same period last year. Revenue from sales and services came in at 8.85 billion baht, growing 10.60%, while gross margin rose to 12.45% from 10.32%, reflecting more efficient product mix and inventory management amid growth in the smartphone retail business and corporate customer segment. The company is moving ahead with expansion of Advice iStore and Advice Business Solutions to capture opportunities from digital transformation and AI transformation in the second half of the year, and announced an interim dividend of 0.23 baht per share.

Dao Securities stated that ADVICE reported a second-quarter fiscal 2026 net profit of 137 million baht, up 83 percent from a year earlier and 18 percent from the previous quarter, marking a new record high. The result beat the consensus estimate and Dao Securities' forecast by 14 percent and 11 percent respectively. Revenue also reached a new high of 4.5 billion baht, rising 13 percent year on year and 5 percent quarter on quarter, supported by stronger demand for IT products and accelerated purchasing ahead of expected price increases. The smartphone segment grew strongly, especially Android devices, while Apple growth slowed because of product shortages. Gross margin was robust at 12.5 percent, compared with 10.4 percent in the second quarter of fiscal 2025 and 12.4 percent in the first quarter of fiscal 2026, helped by higher selling prices while costs remained stable. Dao Securities maintained its 2026 profit forecast of 430 million baht, up 61 percent from the previous year. First-half profit already accounted for 59 percent of the full-year estimate, and second-half profit is expected to remain strong across all revenue segments, particularly Apple as the supply shortage improves and new iPhone models are launched, while gross margin stays solid. The broker kept a buy rating with a target price of 8.50 baht, based on a 2026 price-to-earnings ratio of 12.3 times. Catalysts include better-than-expected second-quarter fiscal 2026 earnings and a strong second-half profit outlook. The stock currently trades at a 2026 price-to-earnings ratio of 10.6 times, about 0.5 standard deviations below its two-year average, and offers a high dividend yield of 6.5 percent. ADVICE announced a first-half dividend of 0.23 baht per share, representing a dividend yield of 3.1 percent.

Bualuang Securities revealed that net profits for the second quarter of 2069 for stocks under its coverage came in 5.6% above market expectations, with 48% of stocks beating estimates compared to a five-year average of 37%. Standout performers were led by SCC, up 41% from its petrochemical business, SCGP up 20% from packaging and recycling, KKP up 18% from non-interest income, and TU up 10.9% from seafood demand. Meanwhile, DELTA missed profit forecasts by 31% due to supply chain issues. The research team also noted positive signals from IT retail sales at COM7 and ADVICE, which grew 10% and 17% year-on-year in July. In the lifestyle segment, MOSHI saw same-store sales rise 9% on the squishy toy trend. Tourism continued to recover, with foreign arrivals in July reaching 2.5 million, and ERW's revenue per available room expected to grow both year-on-year and month-on-month. Export demand for food and pet food remained strong, with TU projecting 5-6% growth and ITC projecting 10% growth. The investment strategy therefore focuses on COM7, ADVICE, MOSHI, CPALL, ERW, TU, and ITC.

Krungsri Securities forecasts Thai stock market profits for the second quarter of 2026 at 250 to 280 billion baht, down 15 to 24 percent from a year earlier and down 19 to 26 percent from the previous quarter. The refinery group saw volatile earnings on the downside, while the industrial goods, ICT, and power sectors are expected to post profit growth. The research team recommends a speculative strategy on stocks whose results will stand out or have passed their trough. Stocks expected to show Q2 profit growth both year-on-year and quarter-on-quarter include PTTEP, SCC, SCGP, ADVANC, TRUE, BH, IVL, THANI, TNP, MOSHI, BA, AP, INSET, and ADVICE. Stocks for which Q2 is likely the year's low point and earnings will accelerate in the second half of 2026 include KTB, KBANK, AOT, BDMS, EGCO, ICHI, THAI, and TFG. The top picks are ADVANC, SCC, IVL, BH, KBANK, AOT, and ICHI.

Dao Securities Thailand expects the SET Index to move in a range of 1,590 to 1,655 points this week, as the Thai stock market enters the final stretch of second-quarter 2026 earnings announcements, which could trigger buying interest in stocks with strong results. External factors remain uncertain due to US-Iran negotiations and US inflation data. The strategy recommends trading stocks expected to report good earnings. Top picks today include BCP, which posted a second-quarter 2026 net profit of 12.2 billion baht, swinging from a loss a year earlier and rising 99 percent from the previous quarter, beating market expectations by 31 percent, and ADVICE, whose second-quarter 2026 profit is expected to hit a new record of 123 million baht, up 63 percent from a year earlier.

Kingsford Securities expects the SET index to trade sideways today within a support level of 1,600 points and resistance at 1,620 to 1,630 points, awaiting the outcome of negotiations to open the Strait of Hormuz and supported by strong earnings from large listed companies. The brokerage recommends gradually accumulating Value and Defensive Play stocks, naming 10 securities: KBANK, KTB, GULF, GPSC, ADVANC, TRUE, CPALL, BH, BDMS, and BEM. For ADVICE, it recommends speculative buying with an IAA Consensus target price of 7.80 baht, expecting second-quarter 2026 profit to rise both quarter-on-quarter and year-on-year, driven by improving gross margins as IT product prices gradually increase, while robust sales of smartphones and other goods help offset the shortage of iPhones. The market forecasts 2026–2027 profit at 401 million baht, up 50% from the previous year, and 413 million baht, up 3% from the previous year. For AP, it recommends buying with an IAA Consensus target price of 9.74 baht, benefiting from the reduction of transfer and mortgage fees to 0.01% for residential properties priced up to 7 million baht, extended until 30 June 2027. It expects second-quarter 2026 pre-sales to grow both year-on-year and quarter-on-quarter, supported by low-rise projects and a low base last year due to the earthquake. The market forecasts 2026 net profit at 4.62 billion baht, up 7% from the previous year, and 2027 net profit at 4.92 billion baht, up 6% from the previous year, with a forward PE of 5.6 times, PBV of 0.5 times, and dividend yield of 6.5%.

Advice IT Infinite Public Company Limited, or ADVICE, has launched Advice Business Solutions to expand into the enterprise customer market, positioning itself as a comprehensive digital and AI solutions provider. It will serve as both an AI Solution Provider and an AI Integrator, connecting technologies from multiple partners. The company will offer a One-Stop AI and Digital Service covering consulting, system design, equipment procurement, cloud, data centers, AI development, cybersecurity, and after-sales service. It plans to develop As-a-Service offerings to generate recurring revenue and deepen long-term relationships with enterprise clients. This strategy is backed by global technology partners such as AMD, Lenovo, Dell Technologies, AWS, and Palo Alto Networks, with the goal of increasing the revenue share from solutions and services while elevating its role from a distributor to a comprehensive technology solutions platform serving both consumer and enterprise markets.

Bualuang Securities expects the SET Index in August to move in a range of 1,600 to 1,700 points, supported by a broad-based earnings recovery, reflected in SET EPS being revised up by 4.2 percent in July and 6.3 percent year-to-date. Foreign investors bought a net 49 billion baht of Thai stocks in July and 76 billion baht year-to-date. Bualuang Securities recommends a Defensive Yield Core strategy combined with Satellite Alpha through four main themes. The first theme is Thailand Power Infrastructure Cycle, focusing on investment in transmission systems and renewable energy driven by data center electricity demand in the Eastern Economic Corridor reaching 26,045 megawatts. The government is preparing to invest 31 billion baht to expand the transmission system and plans to use remaining loan funds of around 200 billion baht to support solar rooftop and smart grid projects, benefiting stocks such as GULF and GUNKUL. The second theme is Higher for Longer Defensive-Dividend Rotation, focusing on high-dividend stocks amid high interest rates and geopolitical uncertainty, especially in the communications sector where earnings are still growing. ADVANC's second-quarter 2026 profit is expected to rise 24 percent year-on-year, and TRUE's by 48 percent year-on-year. The third theme is Policy-driven Tourism Recovery, focusing on the tourism sector which is expected to have passed its earnings trough in the second quarter of 2026, supported by government measures worth 1.75 billion baht, benefiting stocks such as ERW. The fourth theme is Selective Consumption Recovery, focusing on IT retail and beverage sectors that are still growing, with COM7 sales up 8 to 10 percent year-on-year, ADVICE up 13 to 15 percent year-on-year, and MOSHI expecting same-store sales growth of 4 percent, benefiting stocks such as CBG.

Asia Plus Securities, or ASPS, has unveiled an investment strategy to cope with volatility from the Middle East conflict, the trade war, and the technology war, recommending two main themes. The first theme consists of stocks expected to deliver profit growth both quarter-on-quarter and year-on-year, including IVL, PTTGC, BCP, TRUE, SCGP, DOHOME, PTTEP, ADVICE, SC, ADVANC, PTT, and MASTER. The second theme covers stocks with growing profits but lagging share prices, namely BCPG, AMATA, DELTA, and CRC. At the same time, ASPS has designated DELTA, BDMS, and CPALL as standout picks due to their safety from wartime conditions and lack of negative impact. The firm also recommends investing in foreign securities depositary receipts such as MICRON01 to capture strong earnings momentum from memory chip demand, and OIL03 to benefit from the US-Iran conflict boosting oil prices. Another noteworthy point is that since April 2026, the earnings per share estimate for the Thai stock market has been revised up by 3.8 percent, the second highest in the world, trailing only the Dow Jones index and bucking the trend of downward revisions in regional markets.