The global advancement of AI technology and Data Centers is creating a significant ripple effect in the Thai stock market, especially in the electronics component industry, which is currently in high demand and closely watched by investors.
Amid positive momentum driving these stocks sharply higher, Thairath Money delves into data from the Investment Analysts Association to explore views and target prices of four leading electronics component stocks: DELTA, HANA, KCE, and CCET.
DELTA shares belong to Delta Electronics (Thailand) Public Company Limited. Currently priced at 314.00 baht, data from the Investment Analysts Association (IAA Consensus) shows broker recommendations as follows:
Target prices are:
Globlex Securities Company Limited noted in its analysis that DELTA is the only Thai company genuinely driven by the AI trend, with revenue from AI and Data Center products growing rapidly to nearly two-thirds of total income. This growth helps offset weakness in the electric vehicle segment and supports an improvement in gross profit margin.
A key strength is its timely capacity expansion through new factories at Wellgrow Industrial Estate and Bangpu to meet incoming orders.
Thus, Globlex maintains a "buy" recommendation, viewing the company's profits as likely to grow strongly for a longer period than expected due to the Data Center industry's supercycle.
HANA shares belong to Hana Microelectronics Public Company Limited. Currently priced at 37.75 baht, data from the Investment Analysts Association (IAA Consensus) indicates broker recommendations as:
Target prices are:
Maybank Securities (Thailand) Public Company Limited raised HANA's target price, noting "HANA's AI era has just begun," expecting new AI customer revenue to reach 12% of total sales. Combined with reduced losses from subsidiary PMS and the commercial production restart of HTI factory, these factors will drive strong profit recovery in the second half of 2026.
Profits in 2027 are forecast to grow impressively by 68%, driven by significant business restructuring including entry into AI customer bases and new solutions.
HANA is thus expected to receive premium valuation with potential additional upside if new deals are secured.
KCE shares belong to KCE Electronics Public Company Limited. Currently priced at 38.25 baht, IAA Consensus data shows broker recommendations as follows:
Target prices are:
Kasikorn Securities Public Company Limited stated that KCE will mainly benefit from tightening PCB supply in the market combined with strong demand growth from the AI sector and the overall electronics industry, enabling a 10-15% price increase.
Additionally, lower oil prices have reduced chemical costs (accounting for 33% of sales costs) significantly since late Q3 2026, expected to help gross margins recover above 25% in H2 2026. Kasikorn Securities maintains a "buy" rating, viewing the company's valuation as attractive compared to peers.
CCET shares belong to Cal-Comp Electronics (Thailand) Public Company Limited, currently priced at 9.20 baht. IAA Consensus data shows broker recommendations as:
Target prices are:
(Current price has already surpassed the highest analyst target.)
Yuanta Securities (Thailand) Company Limited noted that CCET fully benefits from the global AI Server investment wave, leading to tight supply in the industry, which directly benefits the company's solid-state drive (SSD) business.
The company is fully entering the AI Server market, which has high profit potential, currently trialing production lines and expecting commercial production at its Thai factory by late 2026.
However, the stock price has risen sharply, reflecting much of the recovery outlook, so investors are advised to "accumulate on price weakness." Should CCET perform well in the AI market as planned, earnings revisions could create additional long-term upside risks.
Note: Thairath Money compiled data from IAA Consensus as of the closing price on 24 Jun 2026 GMT+7.
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