Thai (SET) Tech Sector Analysis
UpdatedMay 20, 2024
DataAggregated Company Financials
Companies57
- 7D6.1%
- 3M-3.5%
- 1Y-11.2%
- YTD-15.8%
In the last week, the Tech industry is up 6.1%, with Delta Electronics (Thailand) up 7.0%. In the same time, Nex Point was down 41%. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.
Sector Valuation and Performance
Has the Thai Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | ฿1.3t | ฿592.7b | ฿32.3b | 16.9x | 41.4x | 2.3x |
| Wed, 17 Apr 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 16.8x | 42.6x | 2.2x |
| Fri, 15 Mar 2024 | ฿1.2t | ฿592.1b | ฿31.2b | 17.7x | 39.9x | 2.1x |
| Sun, 11 Feb 2024 | ฿1.4t | ฿596.6b | ฿32.0b | 15.8x | 44.4x | 2.4x |
| Tue, 09 Jan 2024 | ฿1.5t | ฿599.4b | ฿32.2b | 17.4x | 46x | 2.5x |
| Thu, 07 Dec 2023 | ฿1.4t | ฿599.4b | ฿32.2b | 14.9x | 42.6x | 2.3x |
| Sat, 04 Nov 2023 | ฿1.4t | ฿615.9b | ฿32.3b | 14.9x | 44.2x | 2.3x |
| Mon, 02 Oct 2023 | ฿1.4t | ฿605.9b | ฿30.8b | 16.7x | 46.7x | 2.4x |
| Wed, 30 Aug 2023 | ฿1.8t | ฿604.8b | ฿30.8b | 18.4x | 58.1x | 3x |
| Fri, 28 Jul 2023 | ฿1.7t | ฿594.8b | ฿30.6b | 15.8x | 56.9x | 2.9x |
| Sun, 25 Jun 2023 | ฿1.6t | ฿594.8b | ฿30.6b | 15.5x | 52.3x | 2.7x |
| Tue, 23 May 2023 | ฿1.5t | ฿595.2b | ฿30.6b | 16.1x | 48.1x | 2.5x |
| Thu, 20 Apr 2023 | ฿1.6t | ฿578.6b | ฿30.5b | 19.5x | 53.2x | 2.8x |
| Sat, 18 Mar 2023 | ฿1.7t | ฿586.1b | ฿32.3b | 20.1x | 52.3x | 2.9x |
| Mon, 13 Feb 2023 | ฿1.6t | ฿557.0b | ฿29.1b | 25x | 56.4x | 2.9x |
| Wed, 11 Jan 2023 | ฿1.6t | ฿556.6b | ฿29.3b | 23.6x | 53.3x | 2.8x |
| Fri, 09 Dec 2022 | ฿1.4t | ฿556.0b | ฿29.3b | 22.7x | 46.3x | 2.4x |
| Sun, 06 Nov 2022 | ฿1.3t | ฿525.9b | ฿29.5b | 22.3x | 43.1x | 2.4x |
| Tue, 04 Oct 2022 | ฿1.3t | ฿515.5b | ฿26.6b | 21.1x | 48.1x | 2.5x |
| Thu, 01 Sep 2022 | ฿1.2t | ฿515.5b | ฿26.6b | 25x | 46.4x | 2.4x |
| Sat, 30 Jul 2022 | ฿1.2t | ฿497.4b | ฿26.4b | 19.1x | 43.9x | 2.3x |
| Mon, 27 Jun 2022 | ฿1.0t | ฿490.0b | ฿23.7b | 19.2x | 43.2x | 2.1x |
| Wed, 25 May 2022 | ฿1.2t | ฿487.2b | ฿23.5b | 21x | 49.9x | 2.4x |
| Fri, 22 Apr 2022 | ฿1.4t | ฿465.3b | ฿21.8b | 28.3x | 64.3x | 3x |
| Sun, 20 Mar 2022 | ฿1.1t | ฿465.3b | ฿21.8b | 29.2x | 51.2x | 2.4x |
| Tue, 15 Feb 2022 | ฿1.1t | ฿447.3b | ฿20.3b | 24.9x | 55.2x | 2.5x |
| Thu, 13 Jan 2022 | ฿1.2t | ฿446.4b | ฿20.0b | 29.2x | 59.6x | 2.7x |
| Sat, 11 Dec 2021 | ฿1.1t | ฿446.4b | ฿20.0b | 28.9x | 57.2x | 2.6x |
| Mon, 08 Nov 2021 | ฿1.1t | ฿438.9b | ฿18.1b | 28.6x | 59x | 2.4x |
| Wed, 06 Oct 2021 | ฿1.0t | ฿435.3b | ฿19.5b | 29.1x | 52.3x | 2.3x |
| Fri, 03 Sep 2021 | ฿1.4t | ฿435.7b | ฿19.0b | 28.7x | 71.7x | 3.1x |
| Sun, 01 Aug 2021 | ฿1.2t | ฿433.3b | ฿18.7b | 29.1x | 61.5x | 2.7x |
Price to Earnings Ratio
65x
Current Industry PE
- Investors are pessimistic on the Thai Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 41.4x which is lower than its 3-year average PE of 51.3x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Tech sector?
| TH Market | 0.78% | |
| Tech | 6.13% | |
| Electronic Equipment and Components | 6.23% | |
| IT | 5.99% | |
| Communications | 5.32% | |
| Semiconductors | 4.89% | |
| Tech Hardware | 0% | |
| Software | -2.06% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry even though it's trading below its 3-year average PE ratio of 50.3x.
- Analysts are expecting annual earnings growth of 10.7%, which is higher than its past year's earnings decline of 7.5% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 19% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 9.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DELTA Delta Electronics (Thailand) | ฿76.75 | 7.0% +฿62.4b | -13.8% | PE50.1x | |
| JTS Jasmine Technology Solution | ฿70.50 | 20.5% +฿8.5b | 158.7% | PE353.4x | |
| CCET Cal-Comp Electronics (Thailand) | ฿3.32 | 28.7% +฿7.7b | 64.4% | PE24.8x | |
| KCE KCE Electronics | ฿41.25 | 7.8% +฿3.5b | 12.2% | PE25.8x | |
| HANA Hana Microelectronics | ฿41.25 | 5.8% +฿2.0b | 6.5% | PE20.2x |