Yuanta Securities has issued an optimistic outlook for Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET), forecasting a notable recovery in its financial performance for the second quarter of 2026.
According to Yuanta’s latest company update, CCET’s normalized profit for 2Q26 is expected to reach THB 627 million, representing a 17% increase quarter-on-quarter but a 13% decline year-on-year. The earnings recovery has been attributed to a gradual revival in revenues and consistently strong gross profit margin (GPM).
Looking ahead, Yuanta anticipated that CCET’s profit in the second half of 2026 will continue to grow compared to the first half, underpinned by the cyclical recovery of the electronics sector and the absence of special expenses that had impacted the company’s results in 2H25.
Yuanta maintained its financial projections for 2026-2027 and has revised its target price for CCET to THB 10 per share, based on a price-to-earnings ratio of 30.2 times, which is one standard deviation above the company’s historical average.
In light of these positive factors, Yuanta has also upgraded its recommendation for CCET to “Buy”. The brokerage noted that the company is still in the early stages of an industry upcycle, which is expected to support robust profit growth from the second half of 2026 through 2027 and could trigger a valuation re-rating as market sentiment improves.
