TISCO upgrades Thai electronic components sector to Overweight

TISCO Securities has upgraded its rating on Thailand's electronic components sector to Overweight from Neutral, citing stronger second-half 2026 prospects and better visibility on data-center spending. The broker upgraded Delta Electronics Thailand to Buy from Hold, raising its target price to 282 baht from 268 baht, and raised Hana Microelectronics to Buy from Hold, with its target lifted to 61.50 baht from 50.50 baht.

TISCO maintained a Hold rating on KCE Electronics while increasing its target to 60.25 baht from 55.50 baht. The sector had underperformed the broader SET index by about 33% recently, but a stronger 2H26 outlook and better-than-expected data-center capital spending plans for 2027 supported the upgrade.

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