CCET stock has been strong again this year, with its price soaring nearly as impressively as major electronics components industry giants like DELTA, amid continuous investment flows into the technology sector.
Especially with the story of entering the supply chain of future technology themed around AI, the stock price has surged dramatically since early 2026, becoming one of the stocks that investors keenly watch and actively speculate on.
Amid this heat, recently securities analysts have cautioned that although the market is willing to give a premium valuation to AI-themed stocks, the current price has already reflected much of the positive expectations.
Cal-Comp Electronics (Thailand) Public Company Limited, or CCET stock, is a contract manufacturer of electronic products for global brands, mainly serving customers in computer components and telecommunications equipment businesses.
Their main products cover memory units including SSD and HDD, smart wearable devices, laser printers, and mobile point-of-sale (mPOS) terminals.
Performance over the past three years and the latest quarter
The main reason CCET stock attracts attention is the company's full-scale entry into the global AI technology supply chain. Currently, progress includes new AI-linked products such as negotiations to assemble AI servers and semiconductor devices.
Additionally, the company has accelerated its "AI-led Manufacturing Excellence" strategy, transforming traditional production systems into AI-driven Smart Factories, designating its Thai factories as "AI Factories" to build investor confidence amid the booming Data Center and AI trend.
CCET stock is rallying again after a strong surge at the end of 2024 when it hit a peak of 10.70 baht per share. This time, it soared to 9.15 baht per share (closing price on 25 May 2026), up 102.43% since early 2026, pushing the company's market capitalization to 95,617.53 million baht.
Although the AI trend has sharply boosted the stock price, securities analysts believe the current price already reflects considerable positive expectations.
However, at this morning's market close (26 May 2026), the stock price fell to 8.80 baht, down 0.35 baht or -3.83% from the previous close, after the Stock Exchange imposed a Trading Alert with trading restrictions, including prohibiting calculation of trading limits and requiring cash balance usage from 26 May to 15 June 2026.
The company has stated that there is no undisclosed development or material information under consideration for disclosure to the Stock Exchange in the near future and is unaware of any reason that might affect trading.
Beyond Securities Public Company Limited, stated in an analysis that it has upgraded its recommendation to “Hold” from “Underweight,” with a target price of 7.20 baht, implying a P/E ratio of 27 times, still reflecting about a 20% discount compared to the sector average due to limitations on earnings growth.
Although the company has indicated a direction toward entering the AI supply chain, especially for server assembly, it is still negotiating with customers and expects to start recognizing revenue at the earliest in Q4/2026. Therefore, in the short to medium term, the company's main revenue still relies on existing product groups.
Also, the target price based on that P/E reflects the potential recovery of the core business and the beginning of AI-related roles, factors for which the market has already assigned a premium.
Meanwhile, KGI Securities (Thailand) Public Company Limited, maintains a “Hold” recommendation with a target price of 7.30 baht, estimating that new production lines related to AI, such as semiconductor devices and L12 AI Servers, are expected to enter mass production in the second half of 2026 or the first half of 2027.
However, CCET’s role is still limited to assembly, so the gross margin on these products is expected to remain around 5%. The stock price has already reflected much of the positive expectations, while profit recovery is anticipated to be gradual.
For stock and investment news, visit Thairath Money at
Follow the Facebook page: Thairath Money at this link