Closure of Chinese factories to impact Thai electronics industry

Soraphol Veerametheekul, senior director at Kasikorn Securities Plc, said that most of the factories in those areas are automobile manufacturers which require raw materials such as electronic components from Thailand, ” he said.

Soraphol estimated that companies which will be impacted include KCE Electronics Plc , which has revenue ratio from China at 10 per cent of its overall revenue.“However, currently the company has yet to adjust original profit estimation at Bt1.184 billion, or 35 per cent increase from last year.” “The company estimates that the baht will continue to weaken in the first half of 2020 and start to strengthen in the second half, resulting in a suitable price of Bt23.3 for each KCE share, ” he added.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thailand's Tisco bullish on Chinese tech stocks, citing short-term virus impactBANGKOK (The Nation/ANN): Tisco Asset Management is offering its Tisco China Technology Equity (TCHTech) Fund for long-term investment, pointing out that Chinese technology companies have more opportunities to grow due to global demand while the impact of the coronavirus outbreak on markets will be only 'short term'.
Source: staronline - 🏆 4. / 75 Read more »