Thai Electronic Components Sector Upgraded to Overweight by TISCO on Strong AI/Data Center Outlook

TISCO Securities has upgraded Thailand's electronic components sector to 'overweight' from 'neutral,' citing stronger second-half 2026 prospects and improved visibility on data-center spending for 2027. The upgrade follows a significant 33% underperformance against the SET index.

Key upgrades:

• Delta Electronics Thailand: Upgraded to 'buy' from 'hold,' target price raised to 282 baht (from 268 baht).
• Hana Microelectronics: Upgraded to 'buy' from 'hold,' target price raised to 61.50 baht (from 50.50 baht).

Delta is expected to benefit from an estimated $1.25 trillion in 2027 capital spending by hyperscalers and AI companies. Hana is projected to see AI-related revenue begin in Q3 2026 after customer qualifications 🔗.