The share price of Hana Microelectronics Public Company Limited (SET: HANA) rose as much as 6.5% to THB 37.00 per share in the morning session, following the recovery in the technology sector in the U.S. market.
HANA’s business is shifting toward AI-driven products and anticipating to see earnings recovery. HANA distinguishes itself from peers through its pivot to AI-related products, especially thermoelectric cooling (TEC) solutions used in optical transceivers, co-packaged optics (CPO), and high bandwidth memory (HBM) — all key to AI infrastructure.
Maybank Securities (Thailand) has given a strategic target price for HANA at THB 52.00 per share. The brokerage firm states that HANA’s Al-related business is still in its early growth stage and is expected to become a key earnings driver in the years ahead. The Al segment is projected to support a robust 46% CAGR in core earnings over 2025-2028.
In addition, core profit is expected to rebound strongly by 65% YoY in 2026, driven by a significant reduction in losses from subsidiaries and the cyclical recovery of the IC components business. We believe earnings have already passed their trough in 1926 and are set to improve progressively going forward.
Additionally, Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) saw its share price surging as much as 5.40% in the morning session. CCET is another key player in the Thai tech industry, manufacturing peripheral and telecommunication products. Meanwhile, Delta Electronics (Thailand) Public Company Limited (SET: DELTA), the largest market cap in the Thai stock exchange, also saw its share price rising as much as 2.4% in the morning.
