Shares of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) surged by 7.69%, reaching 126.00 baht, an increase of 9.00 baht per share, with robust trading value amounting to 1,894 million baht.
Krungsri Securities notes that September’s export figures from South Korea showed an impressive performance, with a 24% year-on-year rise in ICT exports, totaling $22.36 billion, and a 36.3% increase in semiconductor exports, reaching $13.63 billion. These sectors have seen continuous growth for 11 consecutive months, driven by strong AI demand.
KSS has expressed a positive outlook for Thailand’s electronic component exports, which are expected to mirror this growth trend. This data provides a favorable sentiment for Thai electronics stocks, including HANA, KCE, and DELTA.
Meanwhile, InnovestX Securities reported that Delta Electronics (Thailand) is expected to see profit growth in the second half of the year, both half-on-half and year-on-year. This growth is attributed to strong sales in AI-related products. Additionally, DELTA Thailand is developing and selling its own AI-related power supply products, providing an upside as it avoids paying technical fees to DELTA Taiwan.
However, other technology stocks in the Stock Exchange of Thailand did not share the same momentum despite Nvidia’s stock just hit a record high on Monday amid rising demand for AI chip.
The share price of Hana Microelectronics Public Company Limited (SET: HANA) notched a 1.22% gain, while KCE Electronics Public Company Limited (SET: KCE) fell 0.65%.
