Thai Tech Stocks Face Pressure as Broadcom’s Disappointing Results Spark Broad-Based Selloffs

On Friday, the share price of Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) at the time of 11:18 AM was at THB 9.30, a THB 0.80 or 7.92% decrease with a total trading value of THB 475.43 million.

Meanwhile, the share price of KCE Electronics Public Company Limited (SET: KCE) was at THB 37.25, a THB 1.75 or 4.49% decrease with a total trading value of THB 527.80 million.

The share price of STARS Microelectronics (Thailand) Public Company Limited (SET: SMT) was THB 3.08, a THB 0.08 or 2.53% decrease with a total trading value of THB 6.27 million.

The share price of HANA Microelectronics Public Company Limited (SET: HANA) was THB 36.50, a THB 2.25 or 5.81% decrease with a total trading value of THB 412.54 million.

The share price of Team Precision Public Company Limited (SET: TEAM) was THB 4.80, a THB 0.06 or 1.23% decrease with a total trading value of THB 4.52 million.

The share price of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) was THB 347, a THB 9 or 2.53% increase with a total trading value of THB 1,997.83 million.

The negative pressure on Thai technology and electronics sectors is driven by broad-based selling in Asian tech stocks, following the sharp decline in semiconductor equities on Wall Street, due to concerns over Broadcom’s weaker-than-expected earnings. This has led investors to reduce their shareholdings in stocks related to the AI and semiconductor sectors across the region.

Major Asian tech stocks faced heavy selling, with Samsung Electronics and SK Hynix in the South Korean stock market declining sharply. Japanese tech stocks such as Tokyo Electron and Advantest also fell. Likewise, Taiwanese technology shares softened, mirroring the prevailing investment sentiment.

This decline reflects profit-taking and risk reduction in stocks in the AI and semiconductor themes, after tech stocks had previously performed strongly. Broadcom’s underperformed earnings have become a catalyst prompting investors to move their capital from technology stocks to safer assets or sectors in the short term.