At the end of the morning session on Tuesday, the share price of Hana Microelectronics Public Company Limited (SET: HANA) surged by 3.06% or THB 0.75 to THB 25.25, with a trading value of THB 470.96 million.
Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) increased by 2.63% or THB 0.15 to THB 5.85, with a trading value of THB 118.80 million.
Delta Electronics (Thailand) Public Company Limited (SET: DELTA) rose by 1.05% or THB 1.50 to THB 144.50, with a trading value of THB 1.00 billion.
Krungsri Securities (KSS) noted that Delta Electronics Taiwan posted a significant improvement in August, with revenues rising 5% from the previous month and 27% year-on-year, to a record $47.9 billion, surpassing market expectations.
The jump was driven by robust demand in artificial intelligence-related products, which is projected to further support Delta Electronics (Thailand)’s earnings in the second half of 2025. Third-quarter results are also expected to exceed forecasts, buoyed by anticipated AI demand stretching into 2026 and 2027.
For Thai electronics component exporters, particularly DELTA, the strong performance at Delta Taiwan points to an upbeat sales outlook for the latter half of 2025, viewed by the analyst as a positive sentiment driver for the sector.
However, Krungsri warns that recent appreciation of the Thai baht is weighing on exporters in the short term, with the currency strengthening to 31.6 per US dollar—the highest in four years—indicating further gains are possible. The analyst currently recommends a ‘trading’ strategy for these stocks.
Meanwhile, Krungthai XSpring Securities stated that global trade data from China in August continued to soften. Chinese exports grew 4.4% from a year earlier, falling short of market expectations of 5% growth and marking a six-month low. Imports rose 1.3% year-on-year, also trailing forecasts of 3%.
A marked decline in exports to the U.S. was a key factor, dropping 33.1% year-on-year in August and extending a weakening trend seen throughout the past several months.
Weaker Chinese trade figures may increase volatility in stocks closely linked to the China market, such as SCC, IVL, PTTGC, and SCGP.
However, falling Chinese exports to the U.S. could create opportunities for Thai companies to expand their market share in America. This trend stands to benefit Thai exporters and industrial estate operators, including DELTA, HANA, KCE, CCET, SVI, TFG, BTG, CPF, GFPT, AAI, ITC, WHA, and AMATA.
