KCE profit surges, Asia Plus raises target to 53 baht

EarningsAnalyst
โดย HoonVision·TH·Read original
Summary · why it matters

Asia Plus Securities has raised its target price for KCE from 43.00 baht to 53.00 baht and upgraded its recommendation from Trading to Buy, after the company reported second-quarter 2026 net profit of 276 million baht, up 18% from the previous quarter and 52% from a year earlier, beating market and research expectations by about 12% to 17%. Core profit was 242 million baht, up 34% from the previous quarter and 35% from a year earlier. Revenue rose to 3.6 billion baht, up 15% from the previous quarter and 9% from a year earlier. Gross margin improved to 18.9% from 17.7% in the previous quarter and 18.1% a year earlier, driven by production efficiency improvements and partial selling price adjustments in late June 2026. The company announced a first-half dividend of 0.60 baht per share, with the ex-dividend date on 24 August 2026. The research team raised its 2026 and 2027 core profit forecasts to 1.2 billion baht, up 44% from a year earlier, and 1.6 billion baht, up 31% from a year earlier, respectively. It expects second-half core profit to grow both from the first half and from a year earlier, supported by a full quarter of selling price increases, the peak sales season in the third quarter, and rising demand for printed circuit boards.

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