On Tuesday at 10:33 AM (Bangkok time), the share price of Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) jumped by 5.48% or THB 0.40 to THB 7.70, with a trading value of THB 300.11 million.
This came after the price dropped by approximately 7% in the previous trading session.
KGI Securities (Thailand) noted that CCET perceived a favorable outlook following its January sales, totaling THB 12.5 billion, marking a 17.8% year-on-year increase and a 3.8% quarter-on-quarter uptick. The company also benefited from the weakening of the Thai baht.
Furthermore, the valuation of CCET is more attractive at approximately 22 times the Forward PE ratio, compared to DELTA’s high ratio of around 59 times. The analyst also sees an upside risk for the company should investors transition to CCET if the new calculation method for the SET50/SET100 index (Capped weight index) is implemented.
As a result, KGI Securities gives a base price for CCET at THB 7.8 per share.
