On Tuesday at 11:50 AM (Bangkok time), the share price of Hana Microelectronics Public Company Limited (SET: HANA) jumped 2.67% or THB 1.00 to THB 38.50, with a trading value of THB 160.61 million.
Maybank Securities (Thailand) foresees a favorable outlook for HANA, predicting a robust Compound Annual Growth Rate (CAGR) of 16.4% from 2024 to 2028. This outpaces the expected growth in the broader electronic sector, which stands at 10.9%, or 8.5% when excluding DELTA. Key drivers of this growth include the recovery in the consumer-electronic product cycle, an optimistic sales trajectory for RFID technology, and improved performance and prospects of HANA’s Silicon Carbide (SiC) subsidiaries, such as Korea PMS.
The analyst suggests that HANA is strategically positioned to capitalize on the ongoing US-China trade tensions, thanks to its manufacturing presence in Southeast Asia, China, and the US. This flexibility enhances HANA’s ability to attract and retain clients affected by the trade dispute. With maximum production capacity operated without further land acquisitions, it is anticipated that HANA will see as much as 6% revenue increase between 2024 and 2028.
Maybank Securities (Thailand) gives a strategic target price for HANA of THB 52.22 per share.
