Companies making the smaller electronic parts and instruments inside bigger products — sensors, circuit boards and measuring tools used across industries.
DELTA drags Thai stocks below 1,600 points after $1.5 billion convertible bond
The Thai stock market swung lower and fell below the 1,600-point level during September 14-18, 2026, with DELTA the main stock weighing on the index after its parent company issued a $1.5 billion convertible bond exchangeable into DELTA shares. The conversion price was set at a premium of 15-20% for a one-year tenor, equivalent to 289-302 baht, and 30-40% for a five-year tenor, equivalent to 327-353 baht. As a result, bondholders short-sold the shares to reduce price risk. The bond was split into a one-year tranche worth $500 million and a five-year tranche worth $1.0 billion, issued by Delta of Taiwan to fund business expansion. Meanwhile, the Fed meeting raised interest rates by 25 basis points to 3.75-4.00%, as the market expected, and the Dot Plot projected rates at 4.1% for both end-2026 and end-2027. Tourism-related stocks AOT, MINT and CENTEL were pressured by the delay of the Thai Tiew Thai Plus measure from late 2026 to 2027. Oil and refinery stocks TOP, SPRC and BCP were pressured by an announcement in the Royal Gazette cutting the ex-refinery price for high-speed diesel by 4.00 baht per litre, from a previous reduction of 2.40 baht per litre. Banking stocks KBANK, KTB and BBL, along with insurers BLA and TLI, rose on expectations that interest rates are on an upward trend.
Aihua Group plans 1.88 billion yuan private placement to expand high-end capacitor capacity, first refinancing in eight years
After market close on September 18, Aihua Group disclosed its 2026 plan to issue A-shares to specific investors, aiming to raise no more than 1.88 billion yuan for an integrated high-end capacitor capacity expansion project and to supplement working capital. This marks the company's first refinancing in eight years. The previous fundraising was through publicly issued convertible corporate bonds in 2018, with net proceeds of about 677 million yuan, all of which have been fully used. The number of subscribers will not exceed 35, and the number of shares to be issued will not exceed 30 percent of the company's total share capital before the issuance, namely 119,633,958 shares. The integrated high-end capacitor capacity expansion project has a total investment of about 1.507 billion yuan and a construction period of 24 months, located in the Electronic Information Industrial Park in Heshan District, Yiyang City, Hunan Province. In the first half of 2026, the company achieved operating revenue of 2.27 billion yuan, up 15.35 percent year on year, and net profit attributable to the parent company of 170 million yuan, up 17.21 percent year on year. Revenue from industrial control and new energy products has risen to 54 percent of the total. The issuance still needs to be approved by the company's shareholders' meeting, reviewed and approved by the Shanghai Stock Exchange, and registered with the China Securities Regulatory Commission before implementation.
Amphenol AI Datacom Sales Surge 89% as CommScope Adds $1.2 Billion
Amphenol's IT datacom business, which represented 43% of the company's total sales in the second quarter of 2026, saw revenues surge 89% year over year and 63% organically, with management saying the AI revenue run rate has reached roughly $10.5-$11 billion. Management noted that virtually all of the 22% sequential IT datacom growth in the quarter came from AI-related products, as customers require more copper, optics and power for larger, more complex AI clusters. The company's acquisition of CommScope contributed more than $1.2 billion in sales in the quarter, with CommScope's IT datacom business nearly doubling year over year; management expects that market to account for just under half of CommScope's 2026 sales, compared with roughly one-third in 2025. Amphenol faces tough competition from TE Connectivity, whose Digital Data Networks sales rose 34% year over year in the third quarter of fiscal 2026 with bookings up more than 70% year to date, and from Marvell Technology, whose data-center revenues increased 46% year over year to $2.17 billion in the second quarter of fiscal 2027. Amphenol shares have risen 16% year to date, trailing the broader Zacks Computer and Technology sector's 17% gain, and trade at a forward 12-month price/earnings of 25.32X versus the sector's 20.38X, while the Zacks Consensus Estimate for earnings stands at 72 cents per share, up 5 cents over the past 30 days and implying 53.19% growth.
Cramer Urges Patience as Corning Launches $2 Billion Stock Sale
Jim Cramer told Mad Money viewers to wait for Corning Incorporated to fall further before trimming or holding, citing the company's at-the-market selling program. Corning disclosed on September 11 that it had entered an agreement with Goldman Sachs to sell up to $2 billion of common stock through an at-the-market offering, with proceeds intended for general corporate purposes. The prospectus assumes raising the full $2 billion at $165.96 per share would require issuing 12,051,097 shares, increasing shares outstanding from 861,388,331 to 873,439,428. The offering came as Corning's optical business remained strong: at a September 9 Citi conference, CFO Ed Schlesinger said optical demand was very strong and orders continue to pick up, and second-quarter Optical Communications sales rose 32% year over year to $2.07 billion while core sales increased 17% to $4.74 billion. The bear case centers on execution, as Corning targets a $10 billion scale-up photonics business by the end of the decade tied largely to adoption of NPO and CPO technologies, and expects full-year 2026 capital expenditures of approximately $2 billion compared with $754 million spent in the first half of the year.
Quantum Computing Inc. to Debut Integrated Quantum Security Platform at ECOC 2026
Quantum Computing Inc. announced it will showcase, for the first time, an integrated quantum security platform combining encryption and authentication in a single solution at the ECOC Exhibition 2026, held September 21–23 at FYCMA in Málaga, Spain. At Booth #1436, the company will demonstrate live quantum communication solutions using time-frequency and polarization-based approaches, pairing quantum key distribution with hardware-based Quantum Identity Authentication. The platform combines high-dimensional quantum key distribution, direct entanglement verification, Quantum Identity Authentication, and integrated key management in a telecom-compatible architecture, and is based on QCi's patented invention recognized with the 44th Edison Patent Award, presented to Dr. Yuping Huang and Dr. Lac Nguyen. QCi will also present at the ECOC Product Focus Theatre on Wednesday, September 23, from 14:50 to 15:10, in a session titled "The Quantum Secure Solution: Quantum-authenticated communications for broad applications in security," delivered by Massimo Di Blasio, Director, Product Line Management/Business Development. Chief Technology Officer Yong Meng Sua said the demonstrations give the telecom industry a firsthand look at how quantum technologies can strengthen the security of tomorrow's communications.
Ferrotec launches tender offer for Japan Resistor Manufacturing at 1,901 yen
Ferrotec, the largest vacuum seal maker, announced it will conduct a tender offer for Japan Resistor Manufacturing, a company engaged in fixed resistors and potentiometers. The tender offer price is 1,901 yen, 49.1% above the previous day's closing price of 1,275 yen, with a minimum planned purchase of 618,700 shares and no upper limit. The offer period runs until November 5. Japan Resistor Manufacturing has expressed its approval and recommends that shareholders tender their shares, and the company is expected to be delisted after the tender offer succeeds. Following the announcement, Japan Resistor Manufacturing's share price hit the daily limit-up of 300 yen, rising to 1,575 yen, converging toward the tender offer price.
Bualuang keeps TRADING BUY on KCE with 70 baht target, sees further price hikes through 2027
Bualuang Securities says a new angle for KCE shares is the possibility that the selling price increase cycle could extend into 2027, even though the market has already priced in the July increase and another in the fourth quarter of 2026. The key driver is not direct demand for AI circuit boards, but the cost of standard E-glass, the upstream raw material for CCL, which continues to rise after producers gradually shifted capacity to higher-grade materials for AI that offer better returns. Morgan Stanley's price index for standard E-glass fiber rose from 1.0 times in September 2025 to 3.7 times in August 2026 and 4.1 times in September 2026, while KCE's fiberglass purchase price rose from 0.49 US dollars per meter in the second quarter of 2025 to 0.74 US dollars per meter in the second quarter of 2026, an increase of 51% year on year, which is still much smaller than the rise in upstream raw material prices, leaving a risk that cost pressure will feed through further. The research team has not yet included a third price increase in 2027 in its base-case estimates, because the general-grade CCL market is not yet entirely in shortage. It keeps its assumptions for the July and fourth-quarter 2026 price increases, maintains its TRADING BUY rating with a 70 baht target price, and views any additional price increase in 2027 as upside rather than part of the base case. Core profit is expected at 1.44 billion baht in 2026, up 78% year on year, 2.07 billion baht in 2027, up 43.9%, and 2.30 billion baht in 2028, up 11.1%.
Kasikorn Securities Maintains Buy on SYNEX with 11.47 Baht Target, Citing IT and Apple Demand in Second Half of 2026
Kasikorn Securities, or KS, said in an analysis that it maintains a positive view on the growth outlook for Synnex (Thailand), or SYNEX, in the second half of 2026 after attending the company's Partner Connect 2026 event on September 10, 2026. SYNEX estimates that Thailand's information technology spending in 2026 will be approximately 1.1 trillion baht, up 8.4% from the previous year, while Gartner data as of April 2026 showed device spending up 8.2%, IT services up 9.0%, software up 15.1%, and data center systems up 55.8%. The company expects sales of Apple products to grow from the previous year, driven by new products in the iPhone 18 Series, and maintains its 2026 sales target at 53 billion baht, up 12% from the previous year. KS expects SYNEX's sales in the third quarter of 2026 to grow both year-on-year and quarter-on-quarter, supported by still-strong hardware replacement demand in both the private and public sectors, together with higher average selling prices for Android smartphones and Apple products. It maintains a buy recommendation with a target price of 11.47 baht, viewing any share price weakness after the launch of new iPhone models as an opportunity to accumulate at 9.20 baht or below, which reflects SYNEX's lowest PER in 14 years. It expects normal profit in 2026 to grow 14%, while Core EPS over the three-year period has an average annual growth rate of 10.4%.
FSS upgrades DELTA to Buy with 290 baht target, eyeing record Q4 profit
Finansia Syrus Securities Public Company Limited, or FSS, has upgraded Delta Electronics (Thailand) Public Company Limited, or DELTA, to "Buy" with a 2027 target price of 290 baht. FSS expects DELTA's third-quarter 2026 profit to reaccelerate to 8.3 billion baht, up 37% from the previous quarter and up 12% from the same period a year earlier, driven by a recovery in gross margin as raw material problems begin to ease, while demand for AI data center products remains strong. For the fourth-quarter 2026 profit outlook, FSS expects a new high of more than 10 billion baht, supported by deliveries of orders delayed from earlier periods, which should lift full-year 2026 net profit to 32 billion baht, up 30% from the previous year. For 2027, FSS expects DELTA's profit to grow another 41% from the previous year to 45 billion baht, with the slowdown in bond yields a positive factor for investment sentiment in technology and growth stocks. On technical factors, FSS assesses DELTA's support at 235-232 baht, resistance at 248-250 baht, and the next resistance at 259 baht.
Finansia Syrus recommends buying DELTA with a 290 baht target, expects third-quarter 2026 profit to reach 8.3 billion baht
Finansia Syrus Securities has issued an analysis recommending a buy on DELTA shares with a target price of 290 baht, expecting third-quarter 2026 profit to reaccelerate to 8.3 billion baht, up 37% from the previous quarter and 12% from a year earlier, supported by a recovery in gross margin after raw material problems eased. Meanwhile, demand for AI data center products remains strong and supports long-term growth. For fourth-quarter 2026 earnings momentum, profit is expected to hit a new high above 10 billion baht from deliveries of delayed orders, supporting 2026 profit of 32 billion baht, up 30% from a year earlier. For 2027, profit is expected to grow another 41% from a year earlier to 45 billion baht. Bond yields that have slowed are a sentiment boost for tech-growth stocks, with support at 235-232 baht and resistance at 248-250 and 259 baht.
Aihua Group plans private placement to raise up to 1.88 billion yuan to expand high-end capacitor capacity
Leading capacitor maker Aihua Group disclosed a private placement plan on the evening of September 18, proposing to issue shares to no more than 35 specific investors and raise total proceeds of no more than 1.88 billion yuan, with the pricing base date set as the first day of the issuance period. Of the funds raised, 1.5 billion yuan will go to an integrated high-end capacitor capacity expansion project in Yiyang, Hunan Province, and 380 million yuan will be used to replenish working capital. The project has a construction period of 24 months, plans to acquire 86.07 mu of industrial land, and will build a total floor area of about 126,708 square meters, focusing on high-end application scenarios such as wind, solar and energy storage, AI computing infrastructure, and high-voltage new energy vehicle onboard applications, with capacity for plastic-shell and aluminum-shell film capacitors, snap-in aluminum electrolytic capacitors, large-size leaded high-voltage aluminum electrolytic capacitors, and hybrid solid-liquid aluminum electrolytic capacitors. According to calculations, the project's after-tax internal rate of return is 11.53 percent, and the after-tax static payback period is 8.55 years. Aihua Group said that after completion, the project will significantly raise the share of high-end capacitor capacity, drive the product mix toward higher value-added optimization, and further leverage economies of scale to reduce unit manufacturing and management costs.
Broker warns HANA at risk of dropping out of SET100 in early 2027 due to cash balance violation exceeding 3 months
Analysts at Trinity Securities issued a warning urging investors to exercise particular caution with HANA shares after their latest calculations found the stock could be placed back under trading supervision measures by the Stock Exchange of Thailand's announcement later this week, as its trading value has already exceeded the threshold. If this happens and lasts about 3 weeks under normal announcement criteria, combined with data from the recent period, HANA shares would remain on that list for more than 3 months since June. Based on the SET's criteria, this would put the stock at immediate risk of being removed from the SET100 index calculation in the next semi-annual review for the first half of 2027.
Guoke Holdings Leads Restructuring of ST Infi with 2.841 Billion Yuan Investment to Take Control
Guoke Holdings has led six restructuring investors in signing a restructuring investment agreement, planning to subscribe to ST Infi's capital reserve shares at 2.61 yuan per share, with total investment of approximately 2.841 billion yuan. After the restructuring is completed, Guoke Holdings will become the largest shareholder and gain control. ST Infi announced on the evening of September 17 that the company held a board meeting on September 16 and approved the relevant proposals. Based on the subscription price, the restructuring investors will subscribe to approximately 1.088 billion shares in total. The lead investor is Hunan Guoke Holdings Co., Ltd., and other members of the consortium include Hainan Xinchen Jingwei Technology Co., Ltd., Changsha Huashi Semiconductor Co., Ltd., Wuhan Qianchen Enterprise Management Consulting Partnership, Hubei Chuliuguang Technology Investment Partnership, and Shenzhen Zhongtou Strategic Emerging Industry Private Equity Fund Partnership. Guoke Holdings is an industrial holding platform deeply engaged in the integrated circuit sector and is the controlling shareholder of Goke Micro, holding 17.98% of its shares. In the first half of 2026, Goke Micro achieved revenue of 1.378 billion yuan, up 85.81% year on year, and net profit attributable to the parent of 196 million yuan, up 872.78% year on year. ST Infi stated that bringing in restructuring investors will inject incremental capital and leverage industrial resources to drive the transformation and upgrading of its main business toward the integrated circuit industry. The restructuring investment is tentatively set at 2.841 billion yuan, and the overall repayment rate for ordinary claims is targeted at 80%. The company is still in the pre-restructuring stage. The Shenzhen Intermediate People's Court has decided to initiate the pre-restructuring process but has not yet formally accepted the restructuring application. If the restructuring fails, there is a risk of bankruptcy declaration and delisting of the stock. On September 17, ST Infi's share price surged during trading and hit the daily limit, closing at 7.18 yuan per share, up 9.95%, with a total market value of approximately 8.6 billion yuan.
Finansia expects DELTA Q4/26 profit to top 10 billion baht, hitting a new high
Analysts at Finansia Syrus Securities expect DELTA to post a fourth-quarter 2026 profit of more than 10 billion baht, setting a new record, driven by deliveries of delayed orders, higher capacity utilisation, and an improved product mix. For the third quarter of 2026, profit is expected to accelerate to 8.3 billion baht, up 37% from the previous quarter and up 12% from the same period a year earlier, on a recovery in gross margin to 28.5% and strong AI data centre demand. Revenue is expected to grow 15.0% from the previous quarter and 40.9% from the same period a year earlier, helped by more adequate raw materials, additional sourcing from other suppliers, and better internal production efficiency. Full-year 2026 profit is expected to grow 30% from a year earlier to 32.2 billion baht, while 2027 profit looks set to grow 40.6% from a year earlier to 45.3 billion baht, driven by order growth in both AI and non-AI data centres. Meanwhile, product price increases currently under negotiation could support profit from the first quarter of 2027 onward. The research team therefore rates the stock a Buy with a target price of 290 baht.
Foxconn Industrial Internet Repurchases 15.83 Million Shares for 1 Billion Yuan
Foxconn Industrial Internet announced on September 18 that it had repurchased 15.83 million shares through centralized bidding, accounting for 0.08% of total share capital. The actual repurchase amount was 1 billion yuan, with a repurchase price range of 59.91 yuan to 66.4 yuan per share. In the first half of 2026, Foxconn Industrial Internet achieved revenue of 557.861 billion yuan and net profit attributable to the parent company of 23.74 billion yuan.
Foxconn Industrial Internet Completes 1 Billion Yuan Share Buyback Plan
Foxconn Industrial Internet announced that the company has completed its share buyback plan, repurchasing a total of 15.8334 million shares, accounting for 0.08% of total share capital, with an actual repurchase amount of 1 billion yuan and a repurchase price range of 59.91 yuan to 66.40 yuan per share. The company stated that the repurchased shares will be used to safeguard company value and shareholder interests, and it plans to sell them 12 months after disclosing the buyback results.
Krungsri keeps Buy on AMARC with 3.80 baht target, expects 0.20 baht dividend
Krungsri Securities maintains a Buy rating on Asia Medical and Agricultural Laboratory and Research Center, or AMARC, with a target price of 3.80 baht, based on a DCF valuation at a WACC of 8.1%, implying a 2026 P/E of 11 times. It views the revenue softness in the third quarter of 2026 as a short-term effect of price competition in durian export quality inspection services, expecting total service revenue to fall both year on year from 128 million baht in the third quarter of 2025 and quarter on quarter from 135 million baht in the second quarter of 2026. Meanwhile, 2027 profit has room to return to 8% year-on-year growth on a recovery in service revenue and margin expansion. The company targets instrument calibration service revenue in 2027 to grow at least 50% year on year, accelerating from this year's target of about 25-30% year on year, with calibration services currently accounting for roughly 4% of total service revenue. The company also announced the completion of its share buyback program for financial management, repurchasing a total of 20 million shares, or 4.76% of issued shares, for a total value of 65 million baht, or an average cost of 3.25 baht per share. It is expected to pay a dividend of 0.20 baht per share this year, a dividend yield of about 7%.
Keysight Q3 Revenue Jumps 36% as Earnings Beat Estimates
Keysight Technologies reported third-quarter fiscal 2026 results that beat the Zacks Consensus Estimate on both the top and bottom lines, with revenues rising 36% year over year to $1.85 billion from $1.35 billion. GAAP net income was $397 million, or $2.30 per share, compared with $191 million, or $1.10 per share, a year earlier, while non-GAAP net income came in at $531 million, or $3.07 per share, beating the consensus estimate of $2.46. Total orders were $2.09 billion versus $1.34 billion in the year-ago quarter, and the Communications Solutions Group generated $1.35 billion in revenues, up 43% from $940 million, while the Electronic Industrial Solutions Group posted $501 million, up from $412 million. For the fourth quarter of fiscal 2026, Keysight expects revenues of $1.93 billion to $1.95 billion and non-GAAP earnings per share of $3.34 to $3.40. The company ended the quarter with $2.61 billion in cash and cash equivalents and $1.82 billion of long-term debt as of July 31, 2026.
AFL, Corning, Sumitomo Electric and TeraHop Complete SDM4 Multicore Fiber MSA, Release Version 1.0 Specification
AFL, Corning Incorporated, Sumitomo Electric Industries, Ltd., and TeraHop PTE. LTD. announced the completion of the SDM4 Multicore Fiber Multi-Source Agreement and the public release of the SDM4 Multicore Fiber MSA Technical Specifications, Version 1.0. The specification defines common geometrical, optical, mechanical and measurement requirements for a four-core multicore fiber intended for AI data centers, campus networks and other short-reach optical links, completing the objective the MSA set out to achieve: an industry-defined technical foundation for multi-vendor interoperability and future international standardization of four-core multicore fiber. Key elements include a four-core, square-lattice 2x2 core arrangement with a core pitch of 40 plus or minus 1 micrometers, a nominal cladding diameter of 125 micrometers, optical characteristics suitable for O-band short-reach applications, and crosstalk limits of minus 40 dB or less at 1 km and 1310 nm for both adjacent and diagonal core pairs. Antonio Castano, Chair of the SDM4 MCF MSA, said the specification establishes a common technical foundation that can help accelerate adoption of multicore fiber across the industry by aligning around a shared four-core fiber design. The MSA said frequent revisions are not anticipated and that future evolution of requirements for this class of fiber is expected to be advanced through relevant international standards-development organizations, with the published specification serving as a technical reference for discussions within ITU-T, IEC and organizations such as IEEE.
Corning Expands AI Partner Base With Meta, Amazon, Nvidia, Verizon Deals
Corning Incorporated is expanding its partner base across the technology, cloud, networking and telecom sectors, signing a series of multibillion-dollar agreements tied to AI infrastructure buildouts. In the first half of 2026, Corning entered a multiyear agreement worth up to $6 billion with Meta to supply optical fiber, cable and connectivity products for Meta's U.S. data-center expansion, and also signed a multibillion-dollar, multiyear agreement with Amazon to support its AI data center expansion. Corning has additionally formed a multiyear commercial and technology partnership with NVIDIA under which it plans to increase its U.S. optical-connectivity manufacturing capacity tenfold and expand U.S. fiber production by more than 50 percent. Verizon and Corning announced a multibillion-dollar, multiyear agreement covering more than 80 million miles of high-density optical fiber and connectivity solutions from 2027 through 2032, supporting both broadband expansion and the long-haul network needed to connect AI infrastructure. Beyond those large contracts, Corning is collaborating with US Conec as a licensee of the PRIZM TMT optical ferrule technology, designed to accommodate higher fiber counts in tighter spaces for denser AI data centers. Corning faces competition from Amphenol Corporation and Ciena Corporation, and its growth outlook remains dependent on the pace of AI infrastructure investment and the timing of large customer deployments.
Corning Shares Double as Reaves Flags Strong Long-Term Outlook Upgrade
Corning Incorporated shares doubled during the second quarter of 2026, according to Reaves W H & Co Inc's second-quarter 2026 investor letter, which highlighted the company as a leading contributor to its Reaves Long Term Value Wrap Strategy. The letter said management used an investor day to deliver strong, positive revisions to its multi-year outlook, and that late in the quarter global competitors added further fuel to the rally by citing robust demand and pricing for fiber optic products. Corning's CFO also floated the possibility of building a production facility in South Korea for glass substrates used in semiconductor chip packaging, a product line the letter described as incremental to management's investor-day forecasts. Corning closed at $144.16 per share on September 16, 2026, returned 1.41% over the past month, gained 92.89% over the past 52 weeks, and carries a market capitalization of $125.38 billion. The Reaves Long Term Value Wrap Strategy rose 10.55% in the quarter, outperforming the MSCI USA Infrastructure Index's 6.31% decline, while cash distributions grew 6.7% compared to the second quarter of 2025.
NEX appoints Kittikorn Phinijwongwittaya as director, effective immediately
Next Point Public Company Limited, or NEX, disclosed that its board of directors meeting on September 17, 2026 approved the appointment of Mr. Kittikorn Phinijwongwittaya as a director of the company, effective from September 17, 2026 onward.
SYNNEX Hosts PARTNER CONNECT 2026, Launches SYNNEX Care+ as It Moves Toward Value Creation Partner
SYNNEX (Thailand) Public Company Limited, or SYNNEX, hosted the event "SYNNEX PARTNER CONNECT 2026: Empowering the Future." Chief Executive Officer Suthida Mongkolsuthree said the company is elevating its role from Technology Distributor to Value Creation Partner. The event featured technology and solutions from more than 30 leading brands, spanning Consumer, Commercial and Enterprise Solution products, as well as Software, Cloud, Artificial Intelligence, and Green Energy Solution. The company also presented services from its affiliates, including "SWOPMART Trade-In," a device trade-in service, and "SERVICE POINT," an end-to-end technology service provider covering Solar, CCTV, Network, Data Center, Security, System Integration and Cloud. It is further expanding its ecosystem through "Prompt Money," a financial support platform, and "Ice Cream," an insurance partner. In addition, the company is launching "SYNNEX Care+," a service for insurance and protection of technology devices in the Consumer Device group, covering repair or replacement of devices under the applicable conditions. The event was held at the Grand Center Point Lumphini Hotel in Bangkok and also included an awards ceremony honoring outstanding partners.
Yuanta rates SMT a Buy with 7.60 baht target, flags Optical as growth driver and 70% profit jump in 2026
Yuanta Securities (Thailand) said in an analysis note after visiting the factory of Stars Microelectronics (Thailand), or SMT, that the recovery trend in its business has become clearer, with second-quarter 2026 results reflecting a rebound in revenue, capacity utilisation and margins, and it expects the third and fourth quarters of 2026 to improve significantly on the prior quarter. SMT currently has advance orders covering roughly 8 to 12 months of production and targets 2026 revenue of no less than 2.6 billion baht, while for 2027 it expects growth of more than 10%, or above 3 billion baht. Yuanta views current estimates as based on fairly conservative assumptions and sees upside if orders convert to revenue faster than expected, particularly in wafer dicing, where market supply is constrained. Yuanta sees the Optical business becoming SMT's new growth engine on the back of AI growth, since the Optical and OSAT segments benefit directly from AI infrastructure investment and carry higher margins than the traditional business. Revenue from SMT's AI-related customers is still at an early stage and accounts for less than 5% of total revenue, but has the chance to rise to at least 10% next year. Meanwhile, its collaboration with Lumentum, a major player in the global Optical supply chain, marks an important starting point covering joint investment and development work. Yuanta expects SMT revenue of 2.67 billion baht in 2026, rising to 3.11 billion baht in 2027, and forecasts normalised profit of 150 million baht in 2026, rising to 256 million baht in 2027, or growth of about 70% from the previous year. On 2027 valuation, the stock trades at a PER of about 19 times, still below peers trading at roughly 28 to 58 times. Yuanta maintains its Buy rating on SMT with a target price of 7.60 baht, based on a PER of 25 times, compared with the closing price on 15 September 2026 of 5.85 baht, implying upside of about 29.9%.
SYNEX Hosts SYNNEX PARTNER CONNECT 2026, Launches SYNNEX Care+ to Drive AI and Cloud
SYNEX (Thailand) Public Company Limited, or SYNEX, a leader in comprehensive IT and technology distribution, hosted the event "SYNNEX PARTNER CONNECT 2026: Empowering the Future," led by Chief Executive Officer Suthida Mongkolsuthree, who brought together the management team, global technology partners, and dealers nationwide to create new business opportunities through technology, innovation, and services that meet the needs of the future market. The event gathered technologies and solutions from more than 30 leading brands, spanning Consumer, Commercial, and Enterprise Solution as well as Software, Cloud, AI, and Green Energy Solution. It also presented end-to-end services from SYNEX group companies, namely "SWOPMART Trade-In" and "SERVICE POINT," a provider of end-to-end technology services covering design, installation, and maintenance across Solar, CCTV, Network, Data Center, Security, System Integration, and Cloud through a nationwide partner network. In addition, SYNEX joined forces with partners including "Prompt Money," a financial support platform, and "Ice Cream," an insurance services partner, and launched the "SYNNEX Care+" service, an insurance and protection service for technology devices in the Consumer Device group, covering repair or replacement of devices under specified conditions. This milestone marks SYNEX's step toward elevating its role from Technology Distributor to Value Creation Partner that connects products, solutions, services, and business opportunities together, while driving growth and creating shared, sustainable value over the long term.
Avnet and HKU Open EMUS Lab to Speed AI Hardware Commercialization
Avnet and The University of Hong Kong have officially opened the Emerging Microelectronics and Ubiquitous Systems Lab, or EMUS Lab, a collaborative innovation hub at the Data Technology Hub in Tseung Kwan O InnoPark aimed at accelerating AI hardware commercialization. The Lab focuses on next-generation technologies including edge AI, physical AI, robotics, high-performance computing and emerging microelectronics, offering innovators engineering consultation, GPU computing resources, prototyping support, manufacturability assessments and supply chain expertise. One of its first major industry engagement initiatives is the DfMA Launchpad for AI MMP Programme, a 12-month co-incubation programme linking EMUS Lab, Avnet and the startup ecosystem of Hong Kong Science and Technology Parks Corporation, which has already selected 27 startup teams to participate. Research supported by Avnet-sponsored GPU infrastructure has contributed to publications in Nature family journals and presentations at leading AI conferences including ICLR and ICML. Arthur Chung, Vice President, Sales and Supplier Management, Asia, at Avnet, said building a great AI model is only the beginning and that turning AI innovation into a reliable, manufacturable and scalable product remains one of the biggest barriers to commercialization. Prof. Ngai Wong, Associate Professor at the Department of Electrical and Computer Engineering at HKU Faculty of Engineering and Director of EMUS Lab, said the Lab was established to bridge the gap between cutting-edge research and real-world application.
DELTA rises 3% as broker says $1.5 billion exchangeable bond issue will not dilute EPS, recommends Buy with 300 baht target
DELTA shares jumped 3% after analysts said the issuance of exchangeable bonds worth a total of $1.50 billion by Delta Electronics International (Singapore) Pte. Ltd., a shareholder and subsidiary of Delta Electronics Inc., will not pressure earnings per share. The bonds will be issued on September 21, 2026, in two tranches. Tranche A has a principal amount of $500 million, a one-year term, and matures on September 21, 2027, with an initial exchange price of 266.80 baht per share, a 15% premium to the reference price of 232 baht per share. Tranche B has a principal amount of $1 billion, a five-year term, and matures on September 21, 2031, with an initial exchange price of 301.60 baht per share, a 30% premium to the same reference price. If the exchange rights are fully exercised, Tranche A would cover approximately 62.1 million DELTA shares and Tranche B approximately 109.9 million shares, for a total of about 172.1 million shares, or roughly 1.38% of DELTA's issued and paid-up shares. This compares with the exchangeable bonds issued by Delta International Holding Limited B.V. in January 2025 worth $525 million, which covered about 97.4 million shares, or 0.78% of issued and paid-up shares. Kasikorn Securities Public Company Limited assesses that this bond issuance uses existing shares to support the exchange rather than issuing new shares, so it will not reduce earnings per share, and the issuer remains subject to a 90-day lock-up on share sales. It therefore maintains its Buy recommendation with a mid-2027 target price of 300 baht, based on a target price-to-earnings ratio of 92 times.
SIMAT sells 40% stake in SMH for 22 million baht, reducing holding to 30%
Simat Technology Public Company Limited, or SIMAT, announced that its board of directors approved the sale of ordinary shares of Simit Health Company Limited, or SMH, which operates a medical laboratory business as well as the sale, rental, and servicing of X-ray machines, computed tomography scanners, and medical equipment. SIMAT is selling 2.2 million SMH shares, representing 40% of the total, to Mr. Apisit Honglawal, at 10 baht per share, for a total value of 22 million baht. The buyer has no relationship with and is not a connected person of the company. After the transaction, SIMAT's stake in SMH will fall from 70% to 30%, causing SMH to cease being a subsidiary of SIMAT. The transaction aims to improve the company's structure for greater efficiency, manage risk, revise its business plan, and raise funds to support investment and business expansion.
SYNNEX Hosts PARTNER CONNECT 2026, Launches SYNNEX Care+ to Elevate the Technology Ecosystem
SYNNEX (Thailand) Public Company Limited, or SYNNEX, led by Chief Executive Officer Suthida Mongkolsuthree, hosted the event "SYNNEX PARTNER CONNECT 2026: Empowering the Future" at the Grand Centre Point Hotel Lumphini in Bangkok, joining forces with global technology partners and dealers nationwide to elevate the Technology Ecosystem and create future business opportunities. The event brought together technology and solutions from more than 30 leading brands, spanning Consumer, Commercial, and Enterprise Solutions through to Software, Cloud, AI, and Green Energy Solutions. It also showcased end-to-end services from group companies, including "SWOPMART Trade-In" and "SERVICE POINT," an end-to-end technology service provider covering everything from design and installation to maintenance, spanning Solar, CCTV, Network, Data Center, Security, System Integration, and Cloud through a nationwide partner network. In addition, SYNNEX joined forces with partners including "Prompt Money," a financial support platform, and "Ice Cream," an insurance service partner, and launched "SYNNEX Care+," an insurance and protection service for technology devices in the Consumer Device segment, covering repair or replacement of devices under specified conditions. This milestone marks SYNNEX's move to elevate its role from Technology Distributor to Value Creation Partner, connecting products, solutions, services, and business opportunities together. The event also featured special activities and an award ceremony honoring partners with outstanding performance and significant contributions to SYNNEX's growth.
Corning announces display glass substrate price hikes of over 15%, WG Tech opens limit-up
On September 17, the glass substrate sector rallied, with WG Tech quickly surging to its daily limit-up at the open, while Linuo Packaging, BOE, Caihong Display Devices, and Red Star Development followed higher. On the news front, on September 11, Corning announced that due to exchange rate and inflation factors, it will implement price adjustments of 15% or more globally for yen-denominated display glass substrate products, effective from the fourth quarter of 2026.
Halo Microelectronics Sued by Former Foreign CEO of Subsidiary, Amount Involved Reaches 48.44 Million Yuan
Halo Microelectronics announced on September 17 that it recently received a Notice of Case Acceptance delivered by the Nanhai District People's Court of Foshan City, Guangdong Province. Nam David Ingyun has sued the company on the grounds of a labor dispute. The case has been filed and accepted by the court but has not yet been heard. Nam David Ingyun previously served as chief executive officer of a controlled subsidiary of Halo Microelectronics. He has filed four litigation claims, including requesting the company to exercise 3.2568 million stock options he intends to exercise at an exercise cost of 1.73 yuan per share and register them under his own name, and if registration cannot be completed, to compensate for the loss of being unable to exercise the options totaling 48.4406 million yuan, as well as requiring the company to provide business registration vouchers that comply with the Administrative Measures for Foreign Employees of Domestically Listed Companies Participating in Equity Incentives. Halo Microelectronics stated that between March and April 2025, the company discovered that Nam David Ingyun and others were suspected of engaging in unlawful acts such as misappropriating trade secrets, breaching fiduciary duties, and unfair competition during their employment at the company and its subsidiaries, and has decided to take judicial measures against them to pursue legal responsibility, including but not limited to filing relevant lawsuits and arbitrations in the United States and South Korea. The company has, in accordance with the relevant provisions of the 2021 stock option incentive plan, suspended the exercise of vested but unexercised options held by Nam David Ingyun and other involved incentive recipients, and has temporarily withheld cooperation with foreign exchange registration and other fund outflow procedures. Halo Microelectronics said it will actively respond to the lawsuit and present its defense, and that this litigation will not have a material adverse impact on the company's daily production and operations.
Halo Microelectronics Sued by Former CEO of Korean Subsidiary for 48.4406 Million Yuan
Halo Microelectronics announced after market close on September 17 that it had received a Notice of Case Acceptance served by the Nanhai District People's Court of Foshan City, Guangdong Province. Nam David Ingyun, the former foreign CEO of a controlled subsidiary, has sued the company on the grounds of a labor dispute, with the amount involved being 48.4406 million yuan. The case has been accepted by the court but has not yet been heard. The plaintiff's core claim is to require the company to exercise 3.2576 million stock options at an exercise cost of 1.73 yuan per share and register them in his name. If registration cannot be completed, he requests a judgment ordering compensation of 48.4406 million yuan for the loss of being unable to exercise the options. He also demands that the company provide a business registration certificate or copy in accordance with the Measures for the Administration of Funds for Foreign Employees of Domestically Listed Companies Participating in Equity Incentives, and that the company bear the litigation costs. The company stated that in March and April 2025, it discovered that Nam David Ingyun and others were suspected of stealing trade secrets, breaching fiduciary duties, and engaging in unfair competition during their employment. It has taken judicial measures to pursue their legal responsibility, and in accordance with the 2021 stock option incentive plan, it has suspended the exercise of options that had vested but not yet been exercised and temporarily withheld cooperation with foreign exchange registration and other capital outflow procedures. This lawsuit is related to the above measures. The plaintiff is a former director of Zinitix, Halo Microelectronics' Korean subsidiary. Zinitix is engaged in system semiconductor design, with its core product being touch controller chips, and is one of Samsung's suppliers. On September 2, 2026, the company disclosed that Zinitix had been designated as an administrative stock by the Korea Exchange starting September 3, 2026, because its total market value of common shares had been below 20 billion Korean won for 30 consecutive trading days, and there are risks such as delisting. In terms of performance, Halo Microelectronics' 2026 semi-annual report showed operating revenue of 529 million yuan, up 13.35% year on year, and a net loss attributable to the parent company of 30.3779 million yuan, narrowing the loss by 32.02% year on year. The company's acquisition of Zinitix formed goodwill of 64.2175 million yuan. If Zinitix ultimately triggers delisting, there is a risk of goodwill impairment.
Badger Meter Rises 1.1% as Investors Await Earnings Report
Badger Meter shares rose 1.1% to $127.50, outpacing a 0.45% loss for the S&P 500, as investors positioned ahead of the company's upcoming quarterly results. The maker of gas and water flow measurement products is expected to report earnings per share of $1.21, up 1.68% from the prior-year quarter, on revenue of $240.55 million, a 2.08% increase. For the full year, the Zacks Consensus Estimates forecast earnings of $4.5 per share and revenue of $912.38 million, changes of -6.05% and -0.47% respectively from the previous year. Over the past month, the consensus EPS estimate has shifted 1.73% upward, and Badger Meter currently holds a Zacks Rank of #3 (Hold). The stock trades at a forward P/E ratio of 28, in line with its industry average, while its PEG ratio of 3.11 compares with an average of 2.18 for the Instruments - Control industry.
TE Connectivity Declares Quarterly Dividend of $0.78 per Share
TE Connectivity plc announced that its board of directors declared a regular quarterly cash dividend of $0.78 per ordinary share. The dividend is payable on December 11, 2026, to shareholders of record at the close of business on November 20, 2026. TE Connectivity, based in Galway, Ireland, is a global industrial technology leader whose connectivity and sensor solutions serve next-generation transportation, energy networks, automated factories and data centers enabling artificial intelligence. The company employs more than 90,000 people, including 10,000 engineers, working with customers in approximately 130 countries.
Fabrinet shares have dropped about 22.3% since its last earnings report, underperforming the S&P 500. The company reported fourth-quarter fiscal 2026 non-GAAP earnings of $4.10 per share, up 54.7% year over year and beating the Zacks Consensus Estimate by 6.49%, while revenues rose 44.6% to $1.316 billion, beating consensus by 2.64%. Data center revenues totaled $669 million, up 68% year over year and 13% sequentially, becoming the largest category at 51% of sales, with data center interconnect exiting the quarter at an annualized revenue run rate above $1 billion. For the first quarter of fiscal 2027, Fabrinet expects revenues of $1.375-$1.425 billion, implying 43% year-over-year growth at the midpoint, and non-GAAP earnings of $4.10-$4.25 per share. Management estimates Building 10 at the Chonburi campus, on track for completion by early 2027, can add $3-$3.5 billion of revenue capacity, taking total capacity to roughly $8.5-$9.3 billion, with a path to $12.5-$14 billion of annual revenue capacity over the coming years.
Coda Octopus Group reported third-quarter fiscal 2026 results on September 14 that crossed a threshold the company had never reached in its public history: positive retained earnings, after years of operating at an accumulated deficit. Revenue rose 9.2% year over year to $7.7 million, and pretax income climbed 16% to $1.8 million, even as instability in the Middle East knocked down the marine technology unit that has long been the company's calling card. Defense engineering revenue jumped 68.3% to $2.7 million during the quarter, with sustainment spares orders already topping $2.4 million year to date, while marine technology sales fell 15.2% to $3.4 million and hardware revenue specifically dropped 17.8% to $2.3 million. Coda Octopus has delivered 24 DAVID systems to the US Navy to date, including 16 untethered units earlier in the year, and since the quarter closed the Navy has placed about $1.4 million in additional orders covering tethered systems and DAVID Flex adoption. Consolidated gross margin fell to 65.4% from 68.3%, defense engineering margin eased to 56.9% from 58.9%, and acoustic sensors margin dropped to 52.4% from 54.8%, while the company ended the period with $31.7 million in cash and no debt.
SAMART pushes ahead with smart meters and batteries, combined work value 4,000 million baht
Samart Corporation Public Company Limited, or SAMART, is pressing forward in the Data & AI business and preparing to continuously bid for government work, after having many projects currently under tender. It is also expanding its Smart Meter and battery work by installing digital systems for the Provincial Electricity Authority (PEA) to support the transition to a smart grid. Mr. Rattanun Wilailak, Senior Manager of Business Development and Investor Relations at SAMART, told the Hoons Vision news team that most of the work remains projects from government agencies, a market that grows in line with the push for digital policy and the allocation of government technology budgets. The company places importance on applying Data and AI technology to improve operational efficiency, including data analysis, management, and reducing operating time, alongside training to develop personnel skills. For the battery systems and Smart Meter business, the company is in the process of carrying out a project to install new digital systems for PEA to switch from traditional electricity meters to digital meters, which is a key foundation for developing a smart grid. Taking the battery work and the Smart Meter project together, the current combined value is approximately 4,000 million baht.
SIMAT approves sale of 40% stake in Simat Health for 22 million baht
Simat Technology Public Company Limited, or SIMAT, informed the Stock Exchange of Thailand that its board of directors, at its 5/2569 meeting on September 1, 2026, approved the sale of 2,200,000 ordinary shares of Simat Health Company Limited, or SMH, a subsidiary, representing 40% of all shares, to Mr. Apisit Hongsalawat, who is not a connected person of the company, at 10 baht per share, for a total value of 22 million baht. After the transaction, SIMAT's shareholding in SMH will decrease from 70%, or 3.849 million shares, to 30%, or 1.649 million shares, causing SMH to cease being a subsidiary and to change its status to an associate of SIMAT. SMH has registered and paid-up capital of 55 million baht and operates a medical laboratory business, including the sale, rental, and servicing of X-ray machines, computed tomography scanners, and radiology medical equipment. SIMAT stated that the purpose of the transaction is to improve the efficiency of its business structure, manage risk, revise its business plan, and raise funds to support investment and business expansion.
Itron Launches IEE Cloud AI for Utility Meter Data Management
Itron, Inc. announced the launch of Itron Enterprise Edition Cloud AI, the next evolution of its IEE Meter Data Management platform, built on a modern cloud architecture and integrated with Itron's Intelligent Edge Operating System. The solution gives utilities a standardized way to access, share and act on trusted data across electricity, gas and water operations, reducing data silos and supporting AI-enabled workflows for outage insights, grid visibility, anomaly detection, revenue assurance, forecasting and load management. Utilities can also use Itron Managed Services, under which Itron manages IEE Cloud AI on their behalf, providing ongoing AI-enabled enhancements, security updates and platform maintenance. Don Reeves, senior vice president of Outcomes at Itron, said utilities face rapid data growth and rising regulatory expectations but need a practical path that protects their trusted data foundation. IEE Cloud AI will be available globally in January 2027 for all utilities, with industry standard interoperability and seamless migration for cloud-hosted, customer-hosted and other configurations.
ScanSource Closes $220.5 Million MicroAge Acquisition
ScanSource Inc. has closed its all-cash acquisition of MicroAge, a full-service solutions integrator with a 50-year legacy of enterprise support, in a deal valued at $220.5 million and financed through ScanSource's existing credit facility. Management expects the acquisition to be accretive to gross profit margin, adjusted EBITDA margin and non-GAAP EPS in the first year following closing, while also being free-cash-flow positive, and says it expands ScanSource's capabilities in higher-margin IT solutions and services including cloud, cybersecurity, data center and AI. The announcement follows ScanSource's fiscal 2026 fourth quarter results, in which net sales rose 17.3% to $953.1 million and non-GAAP diluted EPS of $1.46 surged 43.1% from the same period last year. The deal adds leverage because ScanSource is relying on borrowings to finance it, and management's expected margin, earnings and free-cash-flow benefits remain projections rather than realized results. Institutional data tracked by Insider Monkey shows hedge fund exposure to ScanSource rose to 20 funds by the end of the second quarter of 2026 from 16 in the previous quarter, with BlackRock the largest institutional investor at 3.84 million shares, or 19.07% of outstanding shares.