On Wednesday at 11:22 AM (Bangkok time), the share price of Hana Microelectronics Public Company Limited (SET: HANA) dropped by 2.52% or THB 0.75 to THB 29.00, with a trading value of THB 252.38 million.
KGI Securities (Thailand) expressed concerns over the uncertainty surrounding HANA’s core operations in light of the current geopolitical tensions, which have escalated with the return of Donald Trump to the presidency of the United States.
This has resulted in a deceleration in orders from clients in the AI technology sector, particularly those in the smartphone industry, as the global smartphone business only grew 1%, underscoring the broader slowdown in the sector and the potential negative impact this may have on HANA’s sales performance in the fourth quarter of 2024.
Meanwhile, HANA’s electric vehicle (EV) focused operations also experienced challenges due to a decline in EV sales, exacerbated by the economic slowdown in China. Though the depreciation of the Thai baht has provided some relief to HANA’s profit margins, the analyst gives a ‘Sell’ recommendation for the company, setting a target price at THB 27 per share.
