KCE Gains 4%, Analyst Revises Up a Target Price to ฿104 on Expected Strong 3Q Outlook

KCE gained 3.54%, analyst revised up a target price to ฿104 on expected strong 3Q outlook and no effect from global chip shortage

The share price of KCE Electronics Public Company Limited (KCE) rose ฿2.75/share or 3.54% to ฿80.50/share as of 15:57 local time in Thailand, with a trading value of 1,537 million baht.

Kasikorn Securities expects KCE’s 3Q21 earnings to increase QoQ and YoY and to maintain momentum in 4Q21. Kasikorn believes that the global chip shortage will have no effect on KCE, and thus increases the target price to 104 baht per share.

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