On Thursday at 10:55 AM (Bangkok time), the share price of Synnex (Thailand) Public Company Limited (SET: SYNEX) gained 0.99% or THB 0.10 to THB 10.20, with a trading value of THB 23.92 million.
Finansia Syrus Securities (FSS) wrote that SYNEX posted a net profit for the second quarter of 2026 at THB 223 million, representing an increase of 1% quarter-on-quarter and 17% year-on-year.
This result was slightly above market expectations, supported by robust revenue growth across all key business segments, which offset declining income from Apple products due to supply shortages. Additionally, the company saw improvements in gross margin both quarter-on-quarter and year-on-year.
Looking ahead, profit momentum in the third quarter of 2026 is expected to accelerate both sequentially and on an annual basis. FSS projects that normalised net profit for the full year 2026 will grow by 8% year-on-year.
SYNEX is currently trading at a price-to-earnings ratio of just 12x, offering a dividend yield in the range of 4.5% to 5% per annum. Accordingly, Finansia assigns a ‘Buy’ recommendation on SYNEX, with a target price of THB 12.50 per share.
