The share prices of HANA and KCE are lower in SET Index today (October 5) on semiconductor chip shortage and flooding in Thailand.
As of 16:07 local time in Thailand, the share price of Hana Microelectronics Public Company Limited (HANA) dropped ฿3.25/share or 4.18% to ฿74.50/share, with a trading value of 939 million baht.
The share price of KCE Electronics Public Company Limited (KCE) dropped ฿1.00/share or 1.27% to ฿77.50/share, with a trading value of 1,113 million baht.
According to Capital Nomura Securities (CNS), concerns over a semiconductor chip shortage, combined with the severe flooding situation in Thailand, have pressured equities in the electronic component sector to trade lower today.
However, electronic component stocks are still on an upward trend in the long run, owing to the Thai baht’s depreciation. As a result, CNS advises a “BUY” rating on both KCE and HANA, with target price of 87.80 baht and 79.00 baht, respectively.