Shares of IT City Public Company Limited, or IT, jumped 5.67% to 7.45 baht, up 0.40 baht, with trading value of 0.72 million baht at 9:57 a.m., from an opening price of 7.20 baht, a high of 7.45 baht and a low of 7.20 baht. Kasikorn Securities recommends Buy on IT shares with a target price of 10.83 baht. The company expects sales in the third quarter of 2026 to grow both year on year and quarter on quarter, driven by smartphone and tablet sales. Gross profit margin in the third quarter of 2026 is expected at about 19%. The research team expects profit in the third quarter of 2026 to reach 105 million baht, up 167% year on year, on strong sales and gross margin, but down 3% quarter on quarter as gross margin returns to normal levels and SG&A rises. It views the current market price of 7.05 baht as a suitable level to re-enter the investment, as it reflects the lowest price-to-earnings ratio in the gadget group.
IT City Public Company LimitedKasikorn Securities recommends Buy with a 10.83 baht target and expects Q3/2026 profit to reach 105 million baht, up 167% year on year.
