On Tuesday at 10:26 AM (Bangkok time), the share price of i-Tail Corporation Public Company Limited (SET: ITC) increased by 1.73% or THB 0.30 to THB 17.60, with a trading value of THB 20.91 million.
Finansia Syrus Securities (FSS) has provided an optimistic outlook for ITC for the second half of 2026. The company anticipates its 2026 revenue to grow by 17-20% year-on-year in US dollar terms, which suggests that revenue in 2H26 will increase by at least 15% year-on-year, according to the brokerage.
Normalized profit in the third quarter of 2026 is expected to demonstrate both quarter-on-quarter and year-on-year growth, and likely reach its peak in the fourth quarter, driven by seasonal factors and supported by improved margins resulting from price adjustments.
The forecast for net profit stands at THB 3.53 billion for 2026, representing a 19% year-on-year increase, and THB 3.93 billion for 2027, an 11% year-on-year increase. These projections also present potential upside from mergers and acquisitions currently under negotiation.
ITC’s valuation remains attractive, trading at 15x and 13x estimated price-to-earnings for 2026 and 2027, respectively. In addition, the company offers a dividend yield exceeding 5% per annum.
As a result, Finansia maintains a ‘Buy’ recommendation with a target price of THB 21.00 per share.
