Thai electronics stocks surged across the board on expectations of strong second-quarter results. This optimism has fueled speculative buying throughout the export sector, including electronic component shares.
As of 2:28 PM (Bangkok time), the share price of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) jumped by 15.28% or THB 17.50 to THB 132.00, with a trading value of THB 4.95 billion.
KCE Electronics Public Company Limited (SET: KCE) rose by 3.77% or THB 0.80 to THB 22.00, with a trading value of THB 409.49 million.
Hana Microelectronics Public Company Limited (SET: HANA) surged by 5.21% or THB 1.10 to THB 22.20, with a trading value of THB 590.40 million.
Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) grew by 5.74% or THB 0.35 to THB 6.45, with a trading value of THB 684.15 million.
SVI Public Company Limited (SET: SVI) increased by 4.17% or THB 0.25 to THB 6.25, with a trading value of THB 6.35 million.
Stars Microelectronics (Thailand) Public Company Limited (SET: SMT) added 10.20% or THB 0.15 to THB 1.62, with a trading value of THB 34.85 million.
Team Precision Public Company Limited (SET: TEAM) gained 5.15% or THB 0.14 to THB 2.86, with a trading value of THB 1.45 million.
Krungthai Xspring Securities notes that the focus remains on the upcoming second-quarter 2025 earnings reports, with Bloomberg Consensus forecasting earnings per share (EPS) at $14.55—an increase from $13.94 last quarter. This anticipated growth could spur buying interest in Thai electronics shares, particularly if Taiwan Semiconductor Manufacturing Co. (TSMC) delivers stronger-than-expected results or issues upbeat guidance.
Among stocks most correlated with TSMC’s share price are DELTA, HANA, CCET, KCE, and SVI, respectively.
Looking at DELTA, the company’s second-quarter results are likely to show solid growth, driven by rising demand for AI and data center products—a trend that began late last year and continued into early 2025.
For the second half of the year, DELTA remains on track with its strategic plan, while also keeping a close eye on U.S. tariff developments. Bloomberg currently sets a target price of THB 77.57 per share for the company.
Meanwhile, Dhanakorn Kasetrsuwan, Chairman of the Thai National Shippers’ Council (TNSC), stated that Vietnam has finalized a 20% tariff rate with the U.S., and Indonesia has secured a 19% rate. Thailand is seeking to clinch a deal at 18%, a move intended to keep the country on par with key ASEAN competitors such as the Philippines, Malaysia, Indonesia, and Vietnam.
He stressed that negotiators are racing against time, with the U.S. imposing an August 1, 2025 deadline to finalize the agreement. Failure to reach a deal could see Thailand hit with tariffs of up to 36%, posing a severe threat to the nation’s export industry.
Separately, Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday announced its record net profits in the second quarter of 2025, outpacing Wall Street expectations on a groundswell of demand for artificial intelligence processors.
The company’s net income soared nearly 61% year-on-year to NTD 398.27 billion ($13.5 billion), handily beating consensus forecasts of NTD 377.86 billion, data from LSEG SmartEstimates showed. Quarterly revenue jumped 38.65% to NTD 933.80 billion, exceeding both analyst expectations and the previous year’s mark.
Advanced semiconductors—produced at process nodes of 7 nanometers or smaller—generated 74% of TSMC’s wafer revenue in the quarter, underlining the company’s technological lead.
