Bank of Ayudhya PCLBAY
Mentioned
KCE Jumps 9.83% on Rumors of PCB-HDI Order from Tesla
Price ActionAnalyst
KCE shares surged 9.83%, or 5.75 baht, to 64.25 baht at 10:18 a.m., with trading value of 2,008.83 million baht, from an opening price of 59.75 baht, a high of 64.25 baht and a low of 59.50 baht, after reports that KCE Electronics may receive an order from Tesla to supply PCB and HDI. Krungsri Securities said clarity is still needed, as there has been no confirmation from KCE whether the report is true, and if it is true, how large an order KCE would receive. However, the issue is seen as very positive for sentiment on KCE shares, and the current share price still has upside versus the target price. The brokerage maintains a Buy recommendation with a target price of 68 baht.
Bank of Ayudhya PCL
Tesla Inc