At the end of the trading session on Monday, the share price of Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) slumped by 4.17% or THB 0.25 to THB 5.75, with a trading value of THB 240.56 million.
KCE Electronics Public Company Limited (SET: KCE) declined by 1.60% or THB 0.40 to THB 24.60, with a trading value of THB 383.02 million.
Hana Microelectronics Public Company Limited (SET: HANA) slid by 1.60% or THB 0.40 to THB 24.60, with a trading value of THB 217.28 million.
Meanwhile, Delta Electronics (Thailand) Public Company Limited (SET: DELTA) climbed by 0.31% or THB 0.50 to THB 161.50, with a trading value of THB 989.91 million.
Yuanta Securities (Thailand) views a ‘Neutral’ outlook on the electronics components sector, projecting that while normalised profits in 3Q25 are expected to decline year-on-year, they should recover on a quarter-on-quarter basis. This trend signals that the industry may have moved past its lowest point.
According to sector leaders, sales guidance remains robust, particularly for AI-related products. Greater clarity around ongoing trade disputes has also aided a gradual recovery in other product segments, with Thai companies anticipated to see improved performance in the second half of this year, continuing into 2026.
The profit recovery trajectory is largely reflected in the current market and Yuanta’s estimates. However, stock multiples may revert toward historic averages if earnings rebound as projected. Given the recent rally, valuations appear less attractive, suggesting that investors should consider accumulating positions during periods of price consolidation, while remaining cautious due to the persistent strength of the baht against the US dollar.
Yuanta retains a market-weight recommendation on the electronics segment, highlighting HANA, KCE, and CCET as preferred options over the more expensive DELTA. Among these, HANA is the top pick. For those looking to invest in DELTA, the brokerage firm suggests Delta Taiwan as a preferable alternative.
