CCET Leads Gains Among Thai Electronics Stocks on Back of Global Tech Momentum

published 6 d ago · en · source ↗

Affected tickers

Per-ticker News Sentiment Indicator

DELTAmacro · positive · med
DELTA is benefiting from a broader rally in Thai electronics stocks driven by global technology momentum and positive capital inflows into the sector.
GLOBALother · neutral · high
The article focuses exclusively on the electronics sector and CCET's performance, providing no material information regarding Siam Global House Public Company Limited.
HANAmacro · positive · med
HANA share price rose alongside other Thai electronics stocks due to global tech momentum and renewed speculative capital inflows into the technology sector.
KCEother · positive · med
KCE shares rose alongside other Thai electronics stocks due to positive global tech momentum and robust fund inflows into the Thai market.
MAJORother · neutral · high
The article discusses market momentum for electronics stocks and does not contain any information regarding Major Cineplex Group Public Company Limited.
ORother · neutral · high
The article focuses on the performance of electronics stocks and does not contain any material information regarding OR.
RELIANCEother · neutral · high
The article focuses on Thai electronics stocks and does not contain any material information regarding Reliance Industries Limited.

Article body

On Friday at 10:33 AM (Bangkok time), the share price of Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET ) rose by 4.05% or THB 0.35 to THB 9.00, with a trading value of THB 602.94 million. KCE Electronics Public Company Limited (SET: KCE ) increased by 2.45% or THB 1.00 to THB 41.75, with a trading value of THB 481.80 million. Delta Electronics (Thailand) Public Company Limited (SET: DELTA ) gained 0.32% or THB 1.00 to THB 311.00, with a trading value of THB 1.17 billion. Hana Microelectronics Public Company Limited (SET: HANA ) expanded by 2.05% or THB 0.75 to THB 37.25, with a trading value of THB 515.88 million. KGI Securities (Thailand) wrote that CCET recorded monthly sales for June 2026 totaling $394.53 million, representing a 37.1% increase compared to June 2025. The brokerage attributes this remarkable sales growth to the output from the company’s new manufacturing plant, which began operations in the second half of 2025. Notably, purchase orders for this facility have started to rise significantly in the most recent month, potentially largely driven by production in the printer and SSD product segments. Currently, CCET is trading at an EV/EBITDA multiple of 18.5x, which is considered +3 standard deviations above its average. KGI maintains a ‘Hold’ recommendation on CCET with a base target price of THB 7.30 per share. However, if the new factory’s sales continue to show substantial and sustained growth, the brokerage sees potential upside for its earnings forecasts. In addition, KGI expects the Thai stock market to continue its upward momentum, tracking gains in the U.S. equity markets. This follows a renewed inflow of speculative capital into technology stocks, driven by the recent theme of major technology firms developing their own AI chips to reduce reliance on primary chip manufacturers. Meanwhile, investors are closely following remarks by Federal Reserve Chair Kevin Warsh, who is scheduled to address the U.S. Congress on July 14-15, as guidance on future monetary policy may be provided. KGI added that fund inflows into the Thai stock market remain robust. Should key risk indicators remain stable, positive fund flow is anticipated to persist into the following week.