TISCO upgrades Thai electronic components sector to Overweight
TISCO has upgraded its rating on Thailand's electronic components sector to "overweight" from "neutral". The rating change comes from stronger prospects for the second half of 2026, better visibility on data-center spending, and a recent underperformance that has captured much of the market's pessimism. TISCO also upgraded Delta Electronics Thailand to "buy" from "hold" and raised its target price to 282 baht from 268 baht.
The broker raised Hana Microelectronics to "Buy" from "Hold", with its target price lifted to 61.50 baht from 50.50 baht. The sector has underperformed the broader SET index by about 33% recently. Despite this, stronger 2H26 outlooks and better-than-expected data-center capital spending plans for 2027 have supported the upgrade.
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