On Thursday at 11:24 AM (Bangkok time), the share price of KCE Electronics Public Company Limited (SET: KCE) soared by 9.88% or THB 1.70 to THB 18.90, with a trading value of THB 403.04 million.
Finansia Syrus Securities (FSS) puts a ‘Speculative-Buy’ rating on KCE, setting a target price at 20 baht per share. The analyst estimates that the company’s profits in 2Q25 will reach 280 million baht, a 55% increase from the previous quarter.
This improvement is supported by a robust 41% year-on-year growth in May exports of printed circuit boards (PCBs). Overall, exports of PCBs for the first five months of 2025 grew by 31% compared to the same period last year.
Additionally, the Bank of Thailand’s revised economic forecast, which raised the estimation of 2025 Thai export growth to 4% year-on-year, is expected to provide further support for export stocks.
Meanwhile, KCE executives have continued to buy back the company’s shares during the middle of the past month.
