On Thursday, the share price of KCE Electronics Public Company Limited (SET: KCE) at the time of 11:31 a.m. was at THB 39, a THB 0.75 or 1.96% increase with a total trading value of THB 329.26 million.
Kasikorn Securities (KS) stated in its research that the Thai stock market is likely to recover within the range of 1,540 – 1,570 points today. This positive outlook is supported by falling oil prices, easing inflation, and Micron Technology’s earnings outperforming expectations by 23%. Additionally, a positive trend is noted due to the growth of artificial intelligence (AI).
The securities firm views this momentum as a positive factor for the recovery of Thai electronics stocks, which recently faced profit-taking pressure in line with the global trend. For short-term investment, the strategy recommended is selective accumulation of stocks with solid earnings growth potential, with KCE selected as one of the day’s top picks.
Analysts added that KCE benefits from declining oil prices, which will help lower chemical costs— these chemicals account for around 33% of its cost of goods sold (COGS). The positive impact is expected to become more apparent from late 3Q26 onwards.
Moreover, the company’s 10-15% increase in selling prices, combined with tight supply in the printed circuit board (PCB) market and robust demand from both AI sectors and the electronics industry, is expected to help KCE’s gross profit margin (GPM) rebound to more than 25% in the second half of 2026.
KS maintains its “Buy” recommendation on KCE, setting a target price of THB 45, citing improved margins, effective cost control, and attractive valuation compared to peers in the same sector.
