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nForce Secure Public Company Limited

nForce Secure Public Company Limited operates as a specialty distributor of IT security, information management, network solutions, and cloud security in Thailand. It sells computer hardware and software, all related equipment, and network communication equipment and software. The company also offers application, cloud, email, endpoint, network, and PDPA and data security software products; identity and access management, network performance and monitoring, network operating platform solutions; and AI and OT security, cyber risk exposure management, cyber threat intelligence, and others. In addition, it is involved in the development of enterprise software; and provides project management, business consulting, risk assessment, and planning and training services. Further, the company offers installation and support services, as well as products training services. The company was founded in 2005 and is headquartered in Bangkok, Thailand.

Price · split & dividend adjusted
News & notes moving SECURE.BK
Cybersecurity & Digital Trust▼

SECURE's normalized profit falls in 2Q26, but buy rating maintained with target of 22.20 baht

Enforce Secure Public Company Limited, or SECURE, reported normalized profit for the second quarter of 2026, down both quarter-on-quarter and year-on-year to 10 million baht, on core revenue of 195 million baht, as some large projects deferred revenue recognition to the second half of the year. However, the company's backlog at the end of the second quarter stood at 380 million baht, which remains high, and earnings are expected to recover in the second half as deferred projects gradually return. Yuanta Securities maintained its buy recommendation and a year-end 2026 fair value of 22.20 baht per share, viewing the cybersecurity theme as still strong over the long term, although the near term may face volatility from slower customer investment.
SECURE.BK ▼
Cybersecurity & Digital Trust
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Cloud & Digital Infrastructure▲

GULF leads power plant stocks poised to benefit from government Big Data plan

Koraphat Vorachet, Assistant Managing Director and Head of Research at Krungsri Securities, said infrastructure, energy, and digital services stocks are likely to benefit significantly from the expansion of the data center business. GULF is the top large power plant stock to watch, given its capacity to meet rising electricity demand from data center investments, while GPSC and BGRIM are also interesting power plant plays. In digital services and cybersecurity, stocks to watch include BBIK, BE8, and SECURE. INSET is a key player in system integration and infrastructure construction for data centers. The cabinet has approved Thailand's first Big Data strategic plan, covering 2025 to 2027, aiming to develop the country's data infrastructure, promote AI adoption, and train at least 160,000 personnel by 2027, while targeting economic value from Big Data to grow by no less than 35 percent by 2027.
GULF.BK ▲INSET.BK ▲SECURE.BK ▲BGRIM.BK ▲GPSC.BK ▲BBIK.BK ▲+1
Cloud & Digital Infrastructure ▲Energy Transition & Power Demand ▲Artificial Intelligence ▲
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