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Thai (SET) Tech Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies57
- 7D-5.4%
- 3M4.2%
- 1Y44.7%
- YTD-0.8%
Over the last 7 days, the Tech industry has dropped 5.4%, driven by Delta Electronics (Thailand) declining 5.4%. Meanwhile, Ditto (Thailand) actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 45%. As for the next few years, earnings are expected to grow by 14% per annum.
Sector Valuation and Performance
Has the Thai Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | ฿2.0t | ฿600.0b | ฿34.9b | 13x | 58.8x | 3.4x |
| Thu, 19 Dec 2024 | ฿2.2t | ฿453.2b | ฿32.8b | 13.6x | 67.9x | 4.9x |
| Sat, 16 Nov 2024 | ฿2.4t | ฿596.5b | ฿34.1b | 13.9x | 69.9x | 4x |
| Mon, 14 Oct 2024 | ฿1.8t | ฿593.6b | ฿34.9b | 17.2x | 51.2x | 3x |
| Wed, 11 Sep 2024 | ฿1.6t | ฿593.6b | ฿34.9b | 15.1x | 46.1x | 2.7x |
| Fri, 09 Aug 2024 | ฿1.5t | ฿595.6b | ฿34.0b | 13x | 44.8x | 2.6x |
| Sun, 07 Jul 2024 | ฿1.4t | ฿590.0b | ฿32.1b | 15.1x | 43.3x | 2.4x |
| Tue, 04 Jun 2024 | ฿1.3t | ฿593.1b | ฿32.3b | 16.9x | 40x | 2.2x |
| Thu, 02 May 2024 | ฿1.2t | ฿599.3b | ฿32.0b | 15.6x | 38.6x | 2.1x |
| Sat, 30 Mar 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 17x | 41.8x | 2.2x |
| Mon, 26 Feb 2024 | ฿1.3t | ฿596.3b | ฿32.5b | 16.5x | 40.4x | 2.2x |
| Wed, 24 Jan 2024 | ฿1.4t | ฿599.4b | ฿32.2b | 15.9x | 44.6x | 2.4x |
| Fri, 22 Dec 2023 | ฿1.6t | ฿599.4b | ฿32.2b | 16.5x | 48.2x | 2.6x |
| Sun, 19 Nov 2023 | ฿1.4t | ฿600.3b | ฿32.5b | 14x | 42.8x | 2.3x |
| Tue, 17 Oct 2023 | ฿1.5t | ฿606.2b | ฿30.9b | 15.8x | 47.2x | 2.4x |
| Thu, 14 Sep 2023 | ฿1.7t | ฿604.8b | ฿30.8b | 17.8x | 56.6x | 2.9x |
| Sat, 12 Aug 2023 | ฿1.7t | ฿602.6b | ฿30.8b | 16.3x | 55.5x | 2.8x |
| Mon, 10 Jul 2023 | ฿1.6t | ฿594.8b | ฿30.6b | 15.2x | 52x | 2.7x |
| Wed, 07 Jun 2023 | ฿1.6t | ฿594.4b | ฿30.5b | 16.4x | 53.9x | 2.8x |
| Fri, 05 May 2023 | ฿1.3t | ฿585.2b | ฿31.1b | 16.1x | 42.2x | 2.2x |
| Sun, 02 Apr 2023 | ฿1.9t | ฿578.6b | ฿30.5b | 20.7x | 60.8x | 3.2x |
| Tue, 28 Feb 2023 | ฿1.7t | ฿570.5b | ฿29.5b | 23.7x | 56.2x | 2.9x |
| Thu, 26 Jan 2023 | ฿1.6t | ฿556.6b | ฿29.3b | 23.9x | 55.7x | 2.9x |
| Sat, 24 Dec 2022 | ฿1.4t | ฿556.7b | ฿29.3b | 22.6x | 46.8x | 2.5x |
| Mon, 21 Nov 2022 | ฿1.3t | ฿552.8b | ฿29.0b | 23.7x | 46.1x | 2.4x |
| Wed, 19 Oct 2022 | ฿1.4t | ฿515.5b | ฿26.6b | 22x | 52x | 2.7x |
| Fri, 16 Sep 2022 | ฿1.3t | ฿515.5b | ฿26.6b | 24.1x | 50.1x | 2.6x |
| Sun, 14 Aug 2022 | ฿1.3t | ฿496.4b | ฿26.2b | 19.1x | 48.4x | 2.6x |
| Tue, 12 Jul 2022 | ฿949.0b | ฿490.0b | ฿23.7b | 19.4x | 40x | 1.9x |
| Thu, 09 Jun 2022 | ฿1.1t | ฿490.0b | ฿23.7b | 22x | 47.8x | 2.3x |
| Sat, 07 May 2022 | ฿1.3t | ฿470.8b | ฿22.8b | 24.6x | 57.4x | 2.8x |
| Mon, 04 Apr 2022 | ฿1.3t | ฿465.3b | ฿21.8b | 30x | 58.5x | 2.7x |
| Wed, 02 Mar 2022 | ฿1.2t | ฿458.8b | ฿22.0b | 26.6x | 52.3x | 2.5x |
| Fri, 28 Jan 2022 | ฿1.0t | ฿446.4b | ฿20.0b | 24.5x | 52x | 2.3x |
Price to Earnings Ratio
52x
Current Industry PE
- Investors are optimistic on the Thai Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 58.8x which is higher than its 3-year average PE of 49.7x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Tech sector?
| TH Market | -1.08% | |
| Tech | -5.44% | |
| Tech Hardware | 0% | 0 |
| Communications | -0.47% | |
| Software | -1.82% | |
| IT | -3.11% | |
| Electronic Equipment and Components | -5.51% | |
| Semiconductors | -11.44% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 48.9x.
- Analysts are expecting annual earnings growth of 13.7%, which is higher than its past year's earnings growth of 7.1% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 1.3% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HANA Hana Microelectronics | ฿24.50 | 7.9% +฿1.6b | -49.0% | PE17.8x | |
| KCE KCE Electronics | ฿23.20 | 5.5% +฿1.4b | -50.4% | PE14.9x | |
| AIT Advanced Information Technology | ฿4.26 | 8.7% +฿522.4m | 14.5% | PE11.2x | |
| SYNEX Synnex (Thailand) | ฿13.50 | 4.7% +฿508.4m | 28.6% | PE18.2x | |
| SKY Sky ICT | ฿21.40 | 2.9% +฿429.3m | -22.9% | PE27.6x |