Apple's Foldable Phone Approaches as Consumer Electronics Sector Surges Against the Market

Tisco Securities has upgraded its investment weighting for the electronics sector to Overweight from Neutral, citing better-than-expected data center CAPEX spending in 2026, stronger second-half trends across all companies, and the sector's underperformance of 33% relative to the market in the recent period, which it believes has already priced in much of the market's remaining concerns. The research team raised its recommendation on DELTA to Buy with a fair value of 282 baht, after the market has already absorbed negative factors. Although raw material shortages, uncertainty over royalty fees, and the recent bond issuance by parent company Delta Taiwan remain pressures in the second half, the 37% decline in the share price is believed to have already reflected downside risks. Meanwhile, HANA was upgraded to Buy with its fair value raised to 61.50 baht, reflecting greater confidence after HANA passed all qualification requirements from end customers to generate AI revenue in the third quarter of 2026, with new HDI PCB expected to be a significant revenue driver in 2027. KCE retains its Hold rating with a fair value adjusted to 60.25 baht, as the share price has fully reflected its prospects, with humanoid robots and capacity expansion being the clearest supporting factors for 2028.

Oppenheimer analyst Christopher Glynn initiated coverage on Vishay Intertechnology with an Outperform rating, sending the semiconductor manufacturer's shares up 2.5% in the morning session. An Outperform rating indicates the analyst expects the company's shares to outpace the average return of the broader market or industry benchmarks over a given timeframe. After the initial pop, the shares cooled down to $31.12, up 1% from the previous close. Vishay Intertechnology is up 104% since the beginning of the year, but at $31.12 per share it is still trading 52% below its 52-week high of $64.90 from June 2026. Investors who bought $1,000 worth of the shares 5 years ago would now be looking at an investment worth $1,471.