UOB sets a THB 80 target for KCE stock in new research

UOB Kay Hian Singapore set a THB 80.00 target for KCE Electronics on October 19, 2026, while downgrading the stock to Hold, according to UOB Kay Hian. The target stood 7.02 percent above the THB 74.75 reference price cited in the note. KCE stock was trading at EUR 1.90 at Lang & Schwarz on October 20, 2026 at 8:44 p.m. CEST, down 8.65 percent versus the Frankfurt close of October 16, 2026 at EUR 2.08.

Profit expectations rise for the third quarter

UOB Kay Hian forecast THB 507.00 million in third-quarter profit, up 71.00 percent year over year and 84.00 percent quarter over quarter. The firm linked its estimate to higher sales volume and printed circuit board prices, while describing the automotive PCB cycle as largely reflected in the valuation.

KCE's second-quarter revenue reached THB 3.57 billion and net income was THB 275.92 million, according to the standardized financial statement for the period ended June 30, 2026. Revenue increased from THB 3.11 billion in the first quarter, while net income rose from THB 234.27 million.

Price position remains a valuation test

The SET quote was THB 71.00 on October 20, 2026 at 4:36 p.m. ICT, with a market capitalization of THB 83.9 billion and a trailing P/E ratio of 91.03. The same quotation carried a 52-week range of THB 16.00 to THB 81.50, placing the stock 12.88 percent below its high.

KCE operates in printed circuit boards and related materials, serving automotive, industrial and consumer electronics markets, according to KCE Electronics. The company generated THB 512.16 million in operating cash flow during the second quarter and held THB 1.73 billion in cash at June 30, 2026.

Peer comparison on October 20

Comparison with peers

KCE: down 1.39 percent, P/E 91.03, market capitalization THB 83.9 billion

Hana Microelectronics: down 2.02 percent, P/E 72.75, market capitalization THB 39.0 billion

Delta Electronics Thailand: down 2.78 percent, P/E 102.08, market capitalization THB 3.1 trillion

Results date is the next checkpoint

Yahoo Finance listed November 5, 2026 as KCE's next earnings date. That date gives investors a defined test for the third-quarter profit forecast, while UOB Kay Hian's THB 80.00 target remains below Krungsri Securities' THB 97.00 target published on October 6, 2026, as reported by Kaohoon International.

Fintel reported on October 2, 2026 that the average one-year target had risen to THB 71.49 from THB 59.16 on September 11, 2026, a 20.85 percent increase. The consensus target therefore sits 0.69 percent above the SET quote of THB 71.00, according to Fintel.

Target gap meets a weaker euro quote

The analyst range is wide, from UOB Kay Hian's THB 80.00 target to Krungsri's THB 97.00 view, while the latest SET quote remains below both levels. In Germany, the EUR 1.90 Lang & Schwarz price stood below the EUR 2.08 Frankfurt close dated October 16, 2026.

The further course of trading is shown by the continuously updated real-time quote of KCE stock.